Revenue Update on Sigma Designs Inc(NASDAQ:SIGM)

Sigma Designs Inc(NASDAQ:SIGM) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Jun 6, 2016. Company reported revenue of $53.77M. Analysts estimated a revenue of $53.90M. Earnings per share were $-0.12. Analysts had estimated an EPS of $-0.05.

Sigma Designs Inc (SIGM) shares turned negative on Fridays trading session with the shares closing down -0.18 points or -2.44% at a volume of 3,10,169. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.36. The peak price level was also seen at $7.36 while the days lowest was $7.2. Finally the shares closed at $7.21. The 52-week high of the shares is $12.83 while the 52-week low is $5.4101. According to the latest information available, the market cap of the company is $267 M.

Several Insider Transactions has been reported to the SEC. On Jan 7, 2016, Elias Nader (Chief Financial Officer) sold 976 shares at $6.20 per share price.Also, On Dec 3, 2015, Thinh Q Tran (President & CEO) sold 50,000 shares at $8.65 per share price.On Jan 5, 2015, Sal Cobar-estrada (VP World Sales) sold 2,761 shares at $7.05 per share price, according to the Form-4 filing with the securities and exchange commission.

Sigma Designs Inc. is a provider of global integrated semiconductor solutions. The Company offers intelligent media platforms for use in the home entertainment and home control markets. It sells its products into four primary markets: smart television media connectivity set-top box and Internet of things (IoT) devices. Its products include Media Processor Media Connectivity Controllers IoT Devices and License Arrangements and Other Products. Smart television products consist of a range of platforms that are based on integrated chips embedded software and hardware reference designs. Media connectivity products consist of wired home networking controller chipsets that are designed to provide connectivity solutions between various home entertainment products and incoming video streams. Set-top box products consist of connected media processors and players. IoT devices consist of its wireless Z-Wave chipsets and modules.

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