Silicom Ltd (NASDAQ:SILC) is reporting third quarter financial results on Thursday 29th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, SILC is expected to report 3Q20 income of $ 0.35 per share from revenue of $ 26.68 million.
For the full year, analysts anticipate top line of $ 101.59 million, while looking forward to income of $ 1.37 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 26.00 million ~ $ 27.00 million
Click Here For More Historical Outlooks Of Silicom Ltd
Previous Quarter Performance
Silicom Ltd communicated income for the second quarter of $ 0.26 per share, from the revenue of $ 23.05 million. The quarterly earnings shrunk 31.58 percent while revenues contracted 9.25 percent compared with the same quarter last year. The top line results outshined analysts by $ 0.98 million or 4.44 percent.
Stock Performance
Shares of Silicom Ltd traded up $ 0.33 or 0.93 percent on Wednesday, reaching $ 35.88 with volume of 16.00 thousand shares. Silicom Ltd has traded high as $ 36.20 and has cracked $ 34.51 on the downward trend
According to the previous trading day, closing price of $ 35.88, representing a 69.85 % increase from the 52 week low of $ 20.93 and a 10.05 % decrease over the 52 week high of $ 39.52.
The company has a market capital of $ 257.47 million and is part of the Technology sector and Communication Equipment industry.
Conference Call
Silicom Ltd will be hosting a conference call at 9:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.silicom-usa.com
Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for a range of servers, server based systems, and communications devices in North America, Europe, and the Asia Pacific. The company offers server network interface cards with and without bypass for the server networking industry. It also provides intelligent and programmable cards, including redirector and switching cards; encryption and data compression hardware acceleration cards; full field programmable gate array (FPGA) based packet processing cards; and compute blades.
