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Up premarket thanks to its Q4 beat, EZchip (EZCH -23.2%) has nosedived thanks to a downbeat...

  • Wednesday, February 13, 11:41 AM ET
    Up premarket thanks to its Q4 beat, EZchip (EZCH -23.2%) has nosedived thanks to a downbeat earnings call. The chipmaker stated Huawei hasn't yet placed production orders for EZchip's NP-4 processor, is developing a low-end network processor in-house, and might not use EZchip's next-gen NP-5 processor. Unfavorable comments were also reportedly made about ASPs and port counts at Cisco (43% of Q4 sales), though Cisco sales are still expected to grow in 2013. Q1 guidance is for revenue of ~$15M vs. a $15.2M consensus. (prepared remarks)
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  •  
    A crappy little company that trades at ridiculous valuations, check the price to sales ratio - almost 17 times. It should be trading at about 10 bucks, not 32.
    13 Feb, 12:13 PM Reply Like
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