Applied Micro Circuits CorporationNASDAQ
Applied Micro Telling The Same Story Over And Over Again
Mon, Nov. 21, 3:00 PM
Mon, Nov. 21, 9:15 AM
Mon, Nov. 21, 7:21 AM
- The purchase price of about $8.36 per share consists of $3.25 per share in cash and 0.1089 shares of MACOM (NASDAQ:MTSI) for each share of Applied Micro (NASDAQ:AMCC). That would be a 15.4% premium to Friday's close of $7.25.
- The deal value is roughly $770M.
- It's MACOM's intention to divest Applied Micro's Compute business within the first 100 days after closing.
- MACOM expects the deal to be accretive to non-GAAP EPS in the fiscal year ending Sept. 2017.
- A conference call is set for 9 ET.
Mon, Nov. 21, 7:13 AM
- The halt time for AMCC was 7:08 ET.
Fri, Oct. 28, 3:01 PM
Fri, Oct. 28, 12:47 PM
Fri, Oct. 28, 12:08 PM
- Q2 results – revenue $41.78M (+5.1% Y/Y, $0.2M above estimates), EPS $0.02 ($0.03 above estimates), net income $2.1M (vs. $2.5M net loss Q/Q)
- Q3 projections – revenue $42.5M-$43.5M, gross margin 63%-67%, operating expenses $25M-$27M, tax expense $200K, EPS $0.02 (+/- $0.02)
- Applied Micro Circuits Corporation (NASDAQ:AMCC) president and CEO Dr. Paramesh Gopi: "We continue to lead the optical market with our PAM4 single lambda 100/400G FinFET technology, which is now slated to become the industry standard for data center and enterprise connectivity. Additionally, we announced the deployment of our X-Gene products in industry-leading enterprise storage platforms, and successfully taped out X-Gene 3, our third generation server processor."
- Prior quarters overview
- Earnings call transcript
- Press release
Thu, Oct. 27, 4:23 PM
Thu, Oct. 27, 4:23 PM
Wed, Oct. 26, 5:35 PM
- ACTG, AFL, AIV, AJG, ALDR, ALEX, ALJ, AMCC, AMGN, AMZN, ARAY, ARII, ASGN, ATEN, ATR, ATRC, AUY, AZPN, BGS, BIDU, BMRN, BOFI, BOOM, BSAC, BVN, CA, CATM, CBI, CBL, CEMP, CENX, CHDN, CLD, CLMS, CNMD, COLM, COWN, CPT, CRUS, CUBE, CXP, CY, DECK, DGII, DLR, ECOL, EGO, EHTH, ELLI, EMN, ESS, EXPE, FET, FII, FIX, FLEX, FLS, FORM, FPO, FR, FTNT, FTV, GIMO, GOOG, HBI, HIG, HLS, HTH, IART, IM, INT, INVA, IPHS, ISBC, ITGR, KAMN, KIM, KONA, KRG, LEG, LNKD, LOGM, MAA, MAC, MCK, MLNX, MOBL, MOH, MSA, MSTR, NANO, NATI, NGD, NR, NSIT, NSR, OFC, OII, OIS, OMCL, OSIS, PDFS, PEB, PFG, PKD, POWI, PSMT, PXLW, RGC, RSG, SGEN, SHOR, SIMO, SKYW, SMCI, SNMX, SPNC, SPSC, SRCL, SSD, SSNC, STRZA, SYK, SYNA, TDOC, TEAM, TFSL, TGB, TLGT, TMST, VCRA, VDSI, VR, VRSN, WRE, WRI, WSFS, YRCW
Wed, Jul. 27, 4:33 PM
Tue, Jul. 26, 5:35 PM
- ABCO, ABX, ACGL, AEM, AF, AGNC, AHL, ALEX, ALSN, AMCC, AMGN, ANIK, ARRS, ASGN, AXTI, BKCC, CA, CAKE, CBI, CBT, CDE, CMO, CMPR, CMRE, CNMD, COHR, CRUS, CSGP, CVTI, CW, CYS, DLB, DRE, ECHO, EFX, ELY, EQY, ESRT, ESV, EXR, FB, FBHS, FOE, FORR, GG, GPRO, GRPN, HOLX, HT, IAC, IBKC, INFN, INT, ISBC, KEX, KGC, KIM, KNL, KNX, KONA, KRA, KS, LLNW, LM, LOGI, LPSN, LRCX, MAA, MANT, MAR, MCK, MEOH, MKSI, MMLP, MMSI, MN, MOH, MUR, NATI, NE, NEU, NGD, NOW, NTGR, NTRI, NVDQ, NXPI, O, OCN, OI, ORLY, OTEX, PEIX, PPC, PSA, PXD, QDEL, QEP, QTM, RCII, ROIC, RRTS, SCI, SFLY, SIGI, SPRT, SPSC, SSNC, SU, TER, TILE, TIS, TMK, TMST, TTEK, TTMI, TYL, UNM, VAR, VNDA, VNR, VRTX, WFM, WFT, WIRE, WLL, WRE, WSR, XL, XLNX
Thu, Apr. 28, 4:05 PM
- Applied Micro Circuits (NASDAQ:AMCC): FQ4 EPS of -$0.02 beats by $0.01.
- Revenue of $41.1M (+10.9% Y/Y) beats by $0.05M.
Wed, Apr. 27, 5:35 PM
- ABAX, ACHC, AEM, AIV, AJG, ALDR, ALGN, AMCC, AMGN, AMZN, ARII, ATEN, ATHN, ATR, ATRC, AZPN, BCOV, BGS, BIDU, BMRN, BOOM, BRKS, BVN, CATM, CENX, CHDN, CHE, CHMT, CLD, CLW, COHR, COLM, COWN, CPHD, CPT, CUBE, DDR, DGII, DLR, ECOL, EHTH, ELLI, EMN, EPAY, EPR, ESS, EXLS, EXPE, EYES, FET, FII, FLEX, FLS, FPO, GB, GILD, GIMO, GNW, GRPN, HELE, HIG, HT, HTH, HURN, HWAY, INVA, IPHI, ISBC, JNPR, KBR, KRG, LEG, LNKD, LOGM, LPLA, MATW, MMSI, MOBL, MOH, MSA, MSCC, N, NATI, NFG, NPTN, NR, NSIT, NSR, NUS, OFIX, OMCL, OUTR, P, PCCC, PDFS, PFG, PODD, PXLW, QLIK, RGA, RGC, ROVI, RRC, RSG, SCSS, SGEN, SHOR, SKYW, SMCI, SNMX, SPN, SPNC, SRCL, STRZA, SWKS, SYNA, TEP, TLGT, TMST, TNDM, TRMB, TXTR, VCRA, VDSI, VGR, VR, VRSN, WDC, YRCW
Fri, Mar. 11, 1:21 PM
- Optical component vendors Fabrinet (FN +6.3%), Alliance Fiber (AFOP +3.8%), and NeoPhotonics (NPTN +4.6%) are rallying after Finisar (FNSR +18.3%) posted mixed FQ3 results, offered in-line FQ4 sales guidance and above-consensus EPS guidance, and forecast datacom sales would pick up as Web 2.0/hyperscale clients deploy 100G transceivers. Telecom chipmakers Inphi (IPHI +3.8%), Cavium (CAVM +3.9%), and AppliedMicro (AMCC +4.4%) are also doing well. The Nasdaq is up 1.3%.
- Craig-Hallum's Richard Shannon and B. Riley's Dave Kang have upgraded Finisar to Buy. Shannon thinks the FQ4 guidance suggests Finisar could be reaching a turning point, and sees 100G component adoption providing a margin boost. Kang is also upbeat about 100G sales.
- Piper's Troy Jensen (Overweight rating, target hiked by $3 to $20): "The upbeat FQ3 results and forward guidance were driven by robust demand for 100G Telco and Datacom optics. We believe telco strength continues with demand from China driving near-term upside and U.S. metro deployments will act as a tailwind in the back half of 2016 ... We also believe Finisar is one of the first to materially benefit from the 100G Datacom cycle, and expect QSFP28 [100G transceivers] to grow meaningfully for the next several quarters. We are expecting the real QSFP28 inflection to begin in 2H16, and believe this accelerated demand will be reflected in the July quarter guide."
- On the earnings call (transcript), CEO Jerry Rawls stated Chinese demand is benefiting from long-haul and wireless buildouts by the country's big-3 carriers, North American demand from metro buildouts, and broader telecom demand from sales of wavelength selective switches, ROADM line cards, and 100G/200G transceivers. He added Finisar is capacity constrained for the aforementioned products, and is building capacity to address the issue.
- Component makers rallied last month in response to good numbers from Oclaro and Fabrinet.
Wed, Mar. 9, 3:01 PM
- AppliedMicro (AMCC +5.3%) has announced Taiwanese contract manufacturer Wistron (services Facebook, and possibly other Internet giants developing their own servers) will use the company's X-Gene 1 ARM server CPU in the X5, a 5U chassis server design that's compliant with Facebook's Open Compute Project (OCP - creates open-source designs for dense/low-power data center hardware).
- The announcement coincides with the March 9-10 OCP U.S. Summit (taking place in San Jose). AppliedMicro: "The X5 is a rack-mountable server system with a 10GE backplane that can support up to five compute node trays, each with four X-Gene CPUs, for a total of 20 compute nodes per chassis. The platform can also support five storage trays with one X-Gene CPU and either ten 3.5” hard disk drive (HDD) bays or 16 2.5” HDD bays per tray, enabling either 50 or 80 HDDs in a single chassis platform configuration."
- The company has also announced a partnership with Vapor IO, a startup working on hardware architectures and management software for flexible, high-density, data center infrastructures. AppliedMicro's X-Gene 2 server CPUs will support Vapor IO's OpenDCRE data center management/monitoring API.