Chardan Capital Markets Upgrades MaxLinear (MXL) to Buy

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Go back to Chardan Capital Markets Upgrades MaxLinear (MXL) to Buy

MaxLinear (MXL) Updates Q2 Outlook Following Entropic Communications Deal

June 8, 2015 4:10 PM EDT

MaxLinear (NYSE: MXL) announced guidance for the second quarter 2015 and for the second half 2015.

MaxLinear provides revised second quarter 2015 guidance, which includes May and June post-acquisition contribution from Entropic Communications

Revenue is expected to be between $68 million and $72 million for the second quarter 2015. (The Street sees revenue of $54.1 million.)

GAAP and non-GAAP gross margin in the second quarter 2015 are expected to be approximately 41.5 percent and 57.5 percent, respectively, +/- 2 percent.

GAAP and non-GAAP operating expenses for the second... More