GigOptix (NYSEMKT:GIG) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.22 by 9 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating.
Other Equity analysts have also commented on the company shares. Raymond James initiates coverage on GigOptix (NYSEMKT:GIG) In a research note issued to the investors, the brokerage major announces price-target of $3.5 per share.The shares have been rated Outperform. The rating by the firm was issued on June 16, 2016.
GigOptix (NYSEMKT:GIG): The stock price is expected to reach $ 4.16 in the short term. The number of analysts agreeing with this consensus is 9. The higher estimate for the short term price target is at $6 while the lower estimate is at $3. The standard deviation of the price stands at $0.82.
GigOptix (NYSEMKT:GIG) witnessed a decline in the market cap on Tuesday as its shares dropped 1.4% or 0.03 points. After the session commenced at $2.13, the stock reached the higher end at $2.15 while it hit a low of $2.01. With the volume soaring to 1,268,951 shares, the last trade was called at $2.11. The company has a 52-week high of $3.42. The company has a market cap of $113 million and there are 53,680,127 shares in outstanding. The 52-week low of the share price is $1.48.
GigPeak, Inc. has lost 1.86% in the last five trading days and dropped 21.56% in the last 4 weeks. GigPeak, Inc. has dropped 16.6% during the last 3-month period . Year-to-Date the stock performance stands at -30.59%.
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.