Needham & Company Upgrades MaxLinear (MXL) to Buy
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MaxLinear, Inc. Raises Third Quarter Outlook
September 16, 2015 9:10 AM UTCCARLSBAD, Calif., Sept. 16, 2015 (GLOBE NEWSWIRE) -- MaxLinear, Inc. (NYSE: MXL), a provider of integrated, radio-frequency (RF) and mixed-signal integrated circuits for broadband communications, Pay-TV and the connected home, and data center, metro, and long-haul transport network applications, today revised its financial outlook for the third quarter 2015.
MaxLinear currently anticipates revenue for the quarter ending September 30, 2015 to be approximately $95 million, compared to prior guidance of between $90 million and $94 million. MaxLinear also announced that it expects GAAP and non-GAAP gross margin for the third quarter 2015 to be approximately 53 percent and 57 percent, respectively, consistent with prior... More
