Analyst Rating Update on GigOptix (GIG)

GigOptix (GIG) : 8 analysts are covering GigOptix (GIG) and their average rating on the stock is 1.25, which is read as a Strong Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. GigOptix (GIG) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels.

GigOptix (GIG) : Average target price received by GigOptix (GIG) is $3.63 with an expected standard deviation of $0.52. The most aggressive target on the stock is $5, whereas the most downbeat target is $3. 8 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy.


GigOptix (NYSEMKT:GIG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.90 and $1.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.02, notching a gain of 4.12% for the day. The total traded volume was 838,450 . The stock had closed at $1.94 on the previous day.

GigOptix, Inc. (GigOptix) is a fabless supplier of semiconductor and optical components that enable high-speed end-to-end information streaming over the network and address emerging high-growth opportunities in the communications, industrial, defense and avionics industries. The business is made up of two product lines: the High-Speed Communications (HSC) product line and the Industrial product line. The Company offers an array of high performance MMIC solutions that enable next generation wireless microwave systems up to 90GHz and drivers, TIAs and TFPS optical modulators for 40G and 100G fiber-optic telecommunications and data-communications networks. It also offers a wide range of digital and mixed-signal ASIC solutions.

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