Revenue Update on DSP Group(NASDAQ:DSPG)

DSP Group(NASDAQ:DSPG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 1, 2016. Company reported revenue of $36.16M. Analysts estimated a revenue of $36.00M. Earnings per share were $0.11. Analysts had estimated an EPS of $0.08.

DSP Group (DSPG) made into the market gainers list on Mondays trading session with the shares advancing 0.86% or 0.09 points. Due to strong positive momentum, the stock ended at $10.58, which is also near the day’s high of $10.59. The stock began the session at $10.56 and the volume stood at 32,086 shares. The 52-week high of the shares is $11.01 and the 52 week low is $7.89. The company has a current market capitalization of $230 M and it has 2,17,18,712 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 12, 2016, Ofer Elyakim (CEO) sold 200 shares at $9.55 per share price.Also, On May 3, 2016, Dror Levy (VP and CFO) sold 9,430 shares at $9.45 per share price.On Feb 12, 2016, David Dahan (VP and COO) sold 7,753 shares at $8.27 per share price, according to the Form-4 filing with the securities and exchange commission.

DSP Group Inc. is a global provider of wireless chipset solutions for converged communications. The Company enables original equipment manufacturers (OEMs) original design manufacturers (ODMs) consumer electronics (CE) manufacturers and service providers to develop products. It provides a portfolio of wireless chipsets integrating Digital Enhanced Cordless Telecommunications (DECT); Cordless Advanced Technology – Internet Quality (CAT-iq) Ultra Low Energy (ULE) Wi-Fi video Voice over Internet Protocol (VoIP) Public Switched Telephone Network (PSTN) HDClear (previously BoneTone) noise suppression and voice quality enhancement technologies. It offers wireless voice and data transmission solutions for various applications including mobile handsets. Its three segments include home office and mobile.

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