ANADIGICS Announces Second Quarter Results

Go back to ANADIGICS Announces Second Quarter Results

Lake Street Capital Markets Downgrades ANADIGICS (ANAD) to Hold

August 7, 2015 8:13 AM EDT

Lake Street Capital Markets downgraded ANADIGICS (NASDAQ: ANAD) from Buy to Hold with a price target of $0.50 (from $2.00).

For an analyst ratings summary and ratings history on ANADIGICS click here. For more ratings news on ANADIGICS click here.

Shares of ANADIGICS closed at $0.57 yesterday.

... More

Anadigics (ANAD) Reports In-Line Q2 EPS

August 6, 2015 4:26 PM EDT

Anadigics (NASDAQ: ANAD) reported Q2 EPS of ($0.05), in-line with the analyst estimate of ($0.05). Revenue for the quarter came in at $15.8 million versus the consensus estimate of $16.14 million.

As of July 4, 2015, cash and cash equivalents totaled $15.2 million, or net cash of $11.2 million, after excluding $4.0 million drawn under the Companys credit facility.

Despite market softness in small cell and some temporary excess customer inventory to work through in... More