GigOptix (GIG) Reports In-Line Q4 EPS

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Go back to GigOptix (GIG) Reports In-Line Q4 EPS

Cowen Raises Price Target on GigOptix (GIG) to $4 Following 4Q Pre-announcement

January 17, 2017 11:40 AM EST

Cowen reiterated an Outperform rating on GigOptix (NYSE: GIG), and raised the price target to $4.00 (from $3.50), following the company's 4Q pre-announcement. GIG is expecting to report revenues of ~$16.2MM, above the Street's $16.1MM estimate and a non-GAAP EPS of 5 cents.

Analyst "GIG positively... More