EZCH: EZchip Semiconductor Limited Market Currents Page 3

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Wednesday, June 27, 2012, 9:11 AM Northland Securities launches coverage on the chip industry. AMD, MRVL, QLGC, BRCM, NVDA, EZCH, and ELX are started at Outperform. INTC, TXN, and PMCS are started at Market Perform. Comment! [Tech]
Wednesday, May 9, 2012, 8:20 AM EZchip Semiconductor (EZCH): Q1 EPS of $0.27 beats by $0.02. Revenue of $14.4M (+9.1% Y/Y) beats by $0.3M. Shares +1.6% premarket. (PR) Comment! [Earnings, Tech, On the Move]
Friday, March 16, 2012, 9:58 AM EZchip (EZCH +1.1%) edges higher after Benchmark lifts its PT for the network processor vendor to $49. Benchmark expects EZchip's sales to "materially accelerate" in 2H12, bolstered by improving carrier capex and ramping sales of the company's high-end NP-4 processor (already used in Cisco's ASR9000 router) with Ericsson, Huawei, and Tellabs. (yesterday) Comment! [Tech, Quick Ideas]
Thursday, March 15, 2012, 1:20 PM Cautioning a surge in mobile capex is unlikely in spite of soaring data traffic, Auriga expects global carrier capex to rise at a modest 2%-4% pace in 2012. As a result, the firm recommends buying telecom chipmakers such as Cavium (CAVM) and EZchip (EZCH), whom it thinks can overcome a subdued capex environment by gaining share and entering new markets (small base stations for Cavium, edge routers for EZchip). (previously) Comment! [Tech, Quick Ideas]
Wednesday, February 8, 2012, 8:15 AM EZchip Semiconductor (EZCH): Q4 EPS of $0.22 beats by $0.03. Revenue of $14.3M (-16.4% Y/Y) beats by $0.6M. Shares -1.7% premarket. (PR) Comment! [Earnings, Tech, On the Move]
Wednesday, January 4, 2012, 7:09 PM Marvell (MRVL +1.5%) has acquired Xelerated, a Swedish developer of network processing and Ethernet switching chips for a variety of telecom equipment. Xelerated, cited by Light Reading as a "key specialist" in the nascent market for processors handling 100-gig links, is a direct rival of EZchip (EZCH -1.4%), and also competes with top Marvell competitor Broadcom (BRCM -1.1%). Comment! [Tech, M&A]
Monday, December 12, 2011, 1:42 PM Shares of EZchip Semiconductor (EZCH -1.1%) are slightly lower but still outperforming the general market after Auriga raises its rating to Buy, citing strength in the company's router product cycle at Cisco and customer-driven growth potential of the edge router segment. Comment! [Tech, On the Move]
Wednesday, November 23, 2011, 5:16 PM Though Cisco (CSCO) has been losing some share in the corporate switch market, Infonetics believes the company has won back share in the carrier switch and router markets: it estimates Cisco's sales in this space rose 3% Q/Q in seasonally weak Q3, while the overall market declined 7.1%. Cisco's strength in "edge" carrier networks is a positive for EZCH, whose chips go into Cisco's ASR 9000 edge routers. 1 Comment [Tech, Quick Ideas]
Tuesday, November 22, 2011, 4:10 PM Though Infonetics expects overall telco capex to be soft, the carrier Ethernet equipment market is expected to be an area of strength, as carriers increasingly use Ethernet gear to cope with soaring Internet traffic in lieu of more costly legacy technologies. EZCH is a chipmaker that depends heavily on carrier Ethernet demand, while CIEN is an equipment maker in the same boat. Comment! [Tech, Quick Ideas]
Wednesday, November 2, 2011, 9:38 AM Network processor vendor EZchip Semiconductor (EZCH) drops 9.5% after posting Q3 results. While revenue of $18.7M (+14% Y/Y) and EPS of $0.35 beat by $0.2M and $0.03, the company forecasts Q4 revenue will decline 25%-30% Q/Q. While EZchip blames the weak guidance on customer inventory corrections, its severity will lead to questions about the impact of competition. Comment! [Tech, Earnings, On the Move]
Monday, September 19, 2011, 12:14 PM EZchip Semiconductor (EZCH -3.5%) is down after Auriga cuts it to hold on valuation and lowers its price target to $37 from $39. Comment! [Tech, On the Move]
Tuesday, September 13, 2011, 1:37 PM NetLogic (NETL +0.2%) shares are quiet a day after Broadcom's (BRCM) $3.7B bid, as investor hopes for a higher competing bid fade. But Cavium (CAVM +3.2%) and EZChip (EZCH +6.5%) extend yesterday's speculative surge: JMP thinks CAVM could be a takeover target and the BRCM-NETL combo could add new business (also), and Bloomberg reports Marvell (MRVL) could make a bid for EZCH. Comment! [Tech, M&A, On the Move]
Monday, September 12, 2011, 11:13 AM In addition to Cavium (CAVM +4.5% - previously), several other network processor vendors are up following Broadcom's (BRCM -2.3%) buyout of NetLogic (NETL +50.2%), as the deal raises hopes of further moves from big-name chipmakers. EZCH +6.5%. IPHI +7%. MLNX +3.1%. MRVL +2.1%. AMCC +1.3%. PMCS +1.2%. Comment! [Tech, On the Move]
Monday, August 15, 2011, 12:12 PM The market for carrier Ethernet services is expected to soar to $40B-$50B by 2014, as telcos adopt the relatively cheap technology to provide enterprise and wireless data services, and to handle online video growth. CSCO and JNPR lead the market for carrier Ethernet switches, while BRCM, CAVM, and EZCH are 3 chipmakers with decent exposure. Comment! [Tech, Quick Ideas]
Thursday, August 11, 2011, 8:09 AM More on Infonetics/optical networking: Tellabs notwithstanding, Infonetics' report shows how spending on gear needed to cope with surging Internet traffic remains strong, in spite of broader concerns about weak capex. In addition to equipment vendors, component and chip providers such as JDSU, OPLK, NETL, EZCH, and AMCC are beneficiaries. Comment! [Tech, Quick Ideas]
Wednesday, August 3, 2011, 9:50 AM Network processor vendor EZchip (EZCH) pops 7% after reporting Q2 revenue of $17.3M (+16% Y/Y) and non-GAAP EPS of $0.33, above a consensus of $16.9M and $0.28. The company expects its NP-4 processor, set to be used in Cisco's (CSCO) ASR 9000 routers, to begin production in Q4. EZchip shares fell last week on Juniper's (JNPR) poor results. (PR) Comment! [Tech, Earnings, On the Move]

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EZchip Semiconductor Limited