Why Shares of MACOM Technology Solutions Crashed Today
Shares of analog semiconductor company MACOM Technology Solutions Holdings (NASDAQ: MTSI) tumbled on Wednesday after a disappointing third-quarter report. MACOM missed analysts' consensus estimates across the board, and it's fourth-quarter guidance was far from impressive. The stock was down 23% at 12:45 p.m.
MACOM reported Q3 revenue of $194.6 million, up 36.7% year over year but $1.35 million below analysts' average estimate. CEO John Croteau pointed to weakening carrier spending in China as a major headwind during the quarter.
A MACOM hybrid amplifier. Image source: MACOM.
Source: Fool.com
M/a-Com Technology Sol. Stock
€96.00
1.080%
M/a-Com Technology Sol. is currently one of the favorites of our community with 17 Buy predictions and no Sell predictions.
As a result the target price of 101 € shows a slightly positive potential of 5.21% compared to the current price of 96.0 € for M/a-Com Technology Sol..
