Lisa Thompson
Growth at reasonable price, research analyst, tech, small-cap

Silicom: Sell-Off Overdone, Time To Take Another Look

Despite a Record, Q1 Shows Slower Growth and Higher Taxes

On April 24, 2014, Silicom Ltd (NASDAQ:SILC), reported financial results for its first quarter ended March 31, 2014. Revenues for the quarter were $19.0 million, up 26.4% from a year ago and in line with our estimates. Non-GAAP fully diluted EPS came in at $0.57 versus $0.46 the year before up 24% and beat street estimates by five cents.

Silicom reported record Q1 numbers, but investors slammed the stock. We believe that this may be because the company had blown away numbers for the past few quarters and this quarter was only a beat of $0.05 versus street estimates. In the December quarter, the EPS number was $0.24

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