Anadigics, Inc. (ANAD): New Analyst Report from Zacks Equity Research - Zacks Equity Research Report

By Zacks Investment Research,

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Anadigics' third quarter 2014 adjusted loss with employee stock option adjustments came in at $0.08 per share, which was narrower than the Zacks Consensus Estimate of a loss of $0.09. Anadigics expects sequential growth in its wireless segment as new products offset the decline in legacy business. Management also expects gross margin to improve as the company completes the transition from legacy to new products. However, we remain concerned with the cash burn and do not expect the company to return to profitability before 2016. Anadigics continues to be affected by the uncertain economic environment and there appears to be no respite from the weakening demand in the near term. We prefer to remain on the sidelines and retain our Neutral recommendation.


Founded in 1984, Anadigics, Inc. is headquartered in Warren, New Jersey. The company designs and manufactures semiconductor solutions for the broadband wireless and wireline communications markets. Its products include power amplifiers, tuner integrated circuits, active splitters, line amplifiers, and other components. These products are sold individually or packaged as integrated radio frequency (RF) and front end modules. In the wireless market, the company focuses on handsets and infrastructure equipment. In the broadband market, the company focuses on cable set-top box and other related equipment.

The company offers third generation products that use the wideband code-division multiple access (W-CDMA) and enhanced data rates for global system for mobile communication evolution (EDGE) standards, as well as combinations of W-CDMA and EDGE platforms (WEDGE) third generation (3G) products that use the high speed packet access (HSPA) and Evolution Data Optimized (EVDO) standards fourth generation (4G) products for worldwide interoperability for microwave access (WiMAX) wireless fidelity (WiFi) products cable television (CATV) cable modem and set-top box products CATV infrastructure products and Fiber-To-The-Premises products.

Effective second-quarter 2014, Anadigics will report its operating results in two categories: Infrastructure and Mobile. For the infrastructure market, the company manufactures RF and optical products for cable television, cellular wireless small cell, WiFi and machine-to-machine (M2M). The Mobile segment comprises of WiFi and Cellular products that primarily address the smartphone, handset and tablet markets

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Stocks
Referenced Stocks: RF , WEDGE , CATV , ANAD

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