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Tech Stocks Reports! Intersil Corp (ISIL), Xtera Communications Inc (XCOM)

Shares of Intersil Corp (NASDAQ:ISIL) decreased -0.14% and closed at $22.06 after opening 22.15 with the overall traded volume of 1.55 million shares. The company’s Market capitalization reached to $2.98 billion, $135.50 million outstanding shares. Its low price was $22.04 and highest price was $22.19. The Distance from 50 day Simple moving average was 12.92% and Distance from 200 day Simple moving average 52.26%.The EPS is 0.38.

Intersil Corp (ISIL) announced the industry’s lowest power 14-channel programmable gamma buffer for automotive TFT-LCD displays. The automotive-grade ISL76534 delivers the highest accuracy gamma calibration to ensure consistent brightness and color matching of every LCD panel inside a vehicle. The ISL76534 is ideal for next generation LCDs designed for infotainment displays, advanced driver assistance system (ADAS) smart mirrors and instrument cluster displays.

The robust ISL76534 provides engineers with one Vcom and 14 gamma channels with 10-bit resolution for fine-tuning the gamma curve. LCD panels that are not properly gamma corrected often appear bleached out or too dark. Engineers employ the ISL76534 to calibrate and store the gamma curve, guaranteeing that each LCD powers up and displays eye-pleasing images. The ISL76534’s internal EEPROM stores the factory-calibrated gamma and Vcom reference values, and enables significantly higher reliability than competitive devices by offering 10,000 write cycles and 20 years of data retention at 105°C.

Shares of Xtera Communications Inc (NASDAQ:XCOM) decreased -12.38% and closed at $0.402 after opening 0.47 with the overall traded volume of 1.01 million shares. The company’s Market capitalization reached to $6.38 million, $17.22 million outstanding shares. Its low price was $0.40 and highest price was $0.50. The Distance from 50 day Simple moving average was -42.75% and Distance from 200 day Simple moving average was -80.28%. The EPS is -3.05.

Xtera Communications Inc (XCOM) announced financial results for its fiscal third quarter ended June 30, 2016. Revenue for the third quarter of fiscal 2016 was $5.3 million compared to $16.2 million for the fiscal third quarter of 2015.

“We continue to see strong interest in the market for the increased bandwidth that our Wise Raman™ technology can uniquely provide by extending a network’s reach and capacity. Our backlog at the end of Q3 was approximately $90 million,” said Jon Hopper, Xtera’s President and Chief Executive Officer. “Fulfilling that demand was a challenge in the third quarter given our liquidity challenges. We are actively working with our existing lenders and others to address this issue as soon as possible as well as exploring strategic alternatives. We have engaged Cowen and Company to assist us on these efforts,” said Hopper.

The company’s GAAP net loss for the fiscal third quarter of 2016 was $(23.6) million, or $(1.37) per basic and fully diluted share, compared to a GAAP net loss of $(4.6) million, or $(4.38) per basic and fully diluted share, for the third fiscal quarter of 2015. The company’s non-GAAP net loss for the fiscal third quarter of 2016 was $(23.3) million, or $(1.35) per basic and fully diluted share, compared to a non-GAAP net loss of $(4.3) million, or $(4.24) per basic and fully diluted share, for the third fiscal quarter of 2015.

 

About Anthony Davis

Anthony Davis has been a contributor on technology for us since from day one. Anthony Davis has provided his services independently. His educational background in technology has given him a broad base of writing columns on technology.

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