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There are 9 articles on this stock available only to PRO subscribers.
GlobeNewswire (Mon, 8:00AM)
GlobeNewswire (Apr 9, 2014)
AppliedMicro Delivers World's First 240Gbps X-Weave(TM) Smart PHYs for Data Center and Service Provider NetworksGlobeNewswire (Mar 10, 2014)
GlobeNewswire (Mar 4, 2014)
GlobeNewswire (Mar 3, 2014)
GlobeNewswire (Feb 28, 2014)
AppliedMicro Introduces X-Gene(TM) ARM-based 64-bit Cloud Platform to the European Market at Data Centre World 2014GlobeNewswire (Feb 24, 2014)
GlobeNewswire (Feb 19, 2014)
Applied Micro Circuits Corporation to Present at the Morgan Stanley Technology, Media & Telecom ConferenceGlobeNewswire (Feb 13, 2014)
at CNBC.com (Jan 30, 2014)
GlobeNewswire (Jan 23, 2014)
at CNBC.com (Nov 20, 2012)
at CNBC.com (May 29, 2012)
AMCC vs. ETF Alternatives
Wednesday, Apr 29:36 AM
Wednesday, Apr 29:36 AM| 5 Comments
- Alcatel-Lucent (ALU +2.6%) has been upgraded to Buy by French bank Natixis.
- Fortinet (FTNT +2.6%) has been upgraded to Outperform by Wells Fargo.
- Veeva (VEEV +5.5%) has been upgraded to Overweight by Morgan Stanley.
- SouFun (SFUN +2.7%) and Chinese online real estate peer E-House (EJ +3.5%) have been started at Buy by Brean.
- AppliedMicro (AMCC +2.3%) has been started at Overweight by Evercore.
Tuesday, Mar 119:46 AM
Tuesday, Mar 119:46 AM| 1 Comment
- Vipshop (VIPS -4.1%) has been cut to Neutral by Goldman. Shares blasted off last week in response to the company's Q4 beat and strong guidance.
- Unisys (UIS -6.5%) has been cut to Market Perform by Raymond James.
- Aixtron (AIXG -1.6%) has been cut to Neutral by BNP Paribas.
- As part of a chip sector coverage launch, AppliedMicro (AMCC +1%), TowerJazz (TSEM +1.5%), Neonode (NEON +1.6%), RF Micro (RFMD +1.8%), and TriQuint (TQNT +1.6%) have been started at Buy by Ascendiant Capital.
Friday, Mar 79:40 AM
Friday, Mar 79:40 AM| Comment!
- GT Advanced (GTAT +4.8%) has been upgraded to Outperform by Credit Suisse, and is making new 52-week highs. Goldman started shares at Buy on Tuesday.
- JA Solar (JASO +2.6%) has been started at Buy by Sidoti. The company was one of several Chinese solar names to post big gains yesterday.
- Polycom (PLCM +3.3%) has been upgraded to Buy by Citi.
- AppliedMicro (AMCC +1.1%) has been started at Buy by Roth.
- Quality Systems (QSII +3.6%) has been upgraded to Market Perform by FBR.
- Imagination (IGNMF) has been cut to Sell by Canaccord. Shares are down 1.7% in London.
Wednesday, Feb 2611:24 AM
Wednesday, Feb 2611:24 AM| Comment!
- Chip stocks are outperforming (SOXX +1.1%) after Avago (AVGO +5.1%) posted an FQ1 beat and strong margin numbers (albeit while guiding light, as many expected), and STMicroelectronics (STM +3.9%) exec Paul Grimme states his company's European sales are stabilizing, with Germany leading the way.
- Notable winners: AMBA +5.4%. AMCC +5.2%. CRUS +3.3%. SWKS +3%. QUIK +4.1%. INVN +2.7%. RFMD +3.5%. TQNT +3%. SIMO +2.7%. CAVM +3.6%. Nearly all of the aforementioned names have strong mobile and/or telecom equipment exposure.
- RBC has hiked its Avago PT to $66 from $64, and says the chipmaker remains its "top play on China and global LTE deployments." With LSI in tow, the firm thinks FY15 (ends Oct. '15) EPS will top $5.
- Morgan Stanley ($68 PT) is confident Avago can raise LSI's op. margin to 30% from 17% over the next few years, much as the company has doubled its own op. margin to 30% post-LBO.
- Chip ETFs: SMH, XSD, PSI, SOXL, USD, SOXS, SSG
Tuesday, Feb 46:39 PM
Tuesday, Feb 46:39 PM| 1 Comment
- AppliedMicro (AMCC) has partnered with Dell to show off a proof-of-concept ARM server that relies on AppliedMicro's X-Gene CPU.
- Dell says the server is being tested by selected customers. X-Gene is generally seen as having an early lead in the budding ARM server CPU market, but AMD, Marvell, and others aren't far behind.
- Last month, AppliedMicro was one of several ARM server CPU vendors to offer its support for Facebook's Open Compute Project, an open-source initiative focused on creating cheap, dense, low-power servers (the kind beloved by Facebook and many other Internet companies).
Thursday, Jan 234:20 PM|Thursday, Jan 234:20 PM| Comment!
Thursday, Jan 2312:10 AM
Wednesday, Jan 225:35 PM
Wednesday, Jan 155:39 PM
Tuesday, Jan 145:39 PM
Friday, Jan 102:16 PM
Friday, Jan 102:16 PM| Comment!
- Sterne Agee has cut AppliedMicro (AMCC -4.7%) to Hold, and lowered its PT to $14 from $16. Among other things, Sterne is worried the chipmaker's March quarter guidance will disappoint when it reports on Jan. 23.
- AppliedMicro rallied strongly in the middle of last year, thanks largely to enthusiasm about its 64-bit X-Gene server CPU (arguably has an early lead in the budding ARM server CPU market), but had already given back a chunk of its gains prior to Sterne's downgrade. Shares fell yesterday in the wake of telecom equipment vendor Calix's warning.
- Startup Calxeda, one of AppliedMicro's noteworthy ARM server CPU rivals, recently went out of business. Competition is still provided by AMD, Texas Instruments, Marvell, and Cavium, and indirectly by x86 server CPU kingpin Intel.
Thursday, Jan 912:59 PM
Thursday, Jan 912:59 PM| 2 Comments
- Calix's Q4 warning, which has come in the wake of warnings (I, II) from fellow telecom equipment suppliers Cyan (CYNI -2.4%) and Procera (PKT -2.6%), has sparked a general selloff in telecom equipment and component/chip names. A Deutsche downgrade of Alcatel-Lucent, one of the best-performing names in the space in 2013, could also be playing a role.
- Calix, Cyan, and Procera all have considerable exposure to U.S. carriers not named AT&T or Verizon. While Calix didn't mention which region(s) are responsible for its warning, Cyan blamed an 88% Q/Q drop in sales to U.S. telco/top customer Windstream, and Procera blamed soft demand from U.S. cable providers.
- Notable decliners: CSCO -1.1% JDSU -5.2%. ADTN -5.1% (competes with Calix). FNSR -4.2% (just announced an acquisition). INFN -2.9%. AMCC -2.5%. CIEN -2.4%. BSFT -6.1%. SONS -2.1%.
- The group sold off a month ago after Cisco cut its long-term growth outlook.
Friday, Jan 39:32 AM
Friday, Jan 39:32 AM| 2 Comments
- Sprint (S -4.1%) has been cut to Sell by Stifel. Cowen and Macquarie downgraded shares yesterday in response to the carrier's big December run-up.
- Infosys (INFY +2.7%) has been upgraded to Overweight by HSBC; FQ3 results are due on Jan. 10.
- Finisar (FNSR +3.3%) has been upgraded to Strong Buy by Raymond James.
- Maxim (MXIM +1.5%) has been upgraded to Outperform by BMO.
- AppliedMicro (AMCC -2.9%) has been cut to Market Perform by BMO.
- Sierra Wireless (SWIR -2.1%) has been cut to Equal Weight by Stephens.
Friday, Dec 132013, 6:31 PM
Friday, Dec 132013, 6:31 PM| 11 Comments
- With ARM-based (ARMH +2.6%) CPUs currently having a minimal presence in the massive server CPU market, a report that Google is thinking of developing its own ARM-based server CPUs has gone over well with ARM investors.
- In addition to Google, Facebook has shown an interest in ARM. A recent post from a Facebook developer suggests the company is working to port some of its internal software for use with ARM CPUs.
- AppliedMicro (AMCC -4.6%), an early leader in the ARM server CPU space (courtesy of its X-Gene chips), wound up selling off after opening higher. There may be concerns Google will open-source its CPU designs to help foster a broader ecosystem for them, as it has done with many pieces of software. AMD, Marvell, and private Calxeda are also targeting the ARM server CPU market.
- Intel (INTC -0.7%), whose server CPU division had a $1.39B Q3 op. profit on the back of 12% Y/Y rev. growth, finished down modestly. Google/Facebook would act as big reference wins for ARM, which still face major software ecosystem challenges as it tries to grow its server presence. Intel is trying to counter ARM with its low-power Avoton Atom server CPUs.
- FBR, which just started coverage on ARM with an Outperform, thinks ARM-based designs could grab 10% of the server CPU market by 2018, thanks to a 50% share in the fast-growing microserver segment.
Thursday, Dec 122013, 11:51 AM
Thursday, Dec 122013, 11:51 AM| 2 Comments
- Cisco (CSCO -2.3%) is now targeting annual revenue growth of 3%-6% over the next 3-5 years, down from a prior 5%-7%, says CFO Frank Calderoni states at the networking giant's analyst meeting. In addition, Calderoni says Cisco's FY14 (ends July '14) revenue growth outlook is "basically" in-line with a Street forecast for a 4% decline.
- Cisco is now aiming for services revenue growth of 7%-10% over the next 3-5 years, down from 9%-11%; services accounted for 22% of Cisco's Oct. quarter revenue. Businesses related to "enabling the cloud" (a somewhat nebulous term) are expected to show a 12%-18% growth rate.
- Cisco, already pressured by John Chambers' macro comments, continues to trade lower. Many networking equipment peers and component/chip suppliers are also selling off; in addition to Cisco, Ciena's mixed FQ4 results and slightly soft FQ1 guidance could be playing a role here.
- Notable networking equipment/component/chip decliners: JNPR -3.1%. BRCM -2.5%. PKT -2.8%. FFIV -2.2%. ERIC -2.1%. JDSU -1.9% (getting pulled from the S&P 500). AFOP -5.5%. CAVM -1.7%. AMCC -1.8%. BRCD -1.8%. MRVL -1.6%. ARUN -1.7%. CALX -1.7%.
Wednesday, Dec 42013, 2:59 PM
Wednesday, Dec 42013, 2:59 PM| Comment!
- FBR's Scott Thompson thinks Ciena (CIEN +7%) will deliver a beat-and-raise FQ4 report on Dec. 12, and sees the telecom equipment vendor benefiting from carrier adoption of network architectures that feature "more intelligence and flexibility at the optical layer."
- Thompson sees carriers building more advanced metro optical networks, replete with data centers that enable services such as content caching, app hosting, and advanced mobile messaging. He points to a recent optical switching deal between Verizon and Ciena as an example of how the latter benefits from this trend, and sees a similar deal with AT&T arriving soon.
- At the same time, he cautions optical gross margins "could be under pressure," thanks to aggressive pricing from Infinera (INFN +2%), lengthy deployment times, and the adoption of software-defined networking controllers (CYNI is among the companies providing them) that remove some intelligence from the optical layer.
- Ciena flew higher three months ago following its FQ3 report. The company reported solid demand for its integrated Ethernet switching/optical networking hardware, which now accounts for 56% of revenue.
- Infinera is following Ciena higher, and so are Finisar (FNSR +5.2%), JDS Uniphase (JDSU +3.1%), Fabrinet (FN +1.8%), and AppliedMicro (AMCC +3.9%).