Anadigics' second quarter 2014 adjusted loss with employee stock
option adjustments came in at $0.11 per share, which matched with
the Zacks Consensus Estimate. 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
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
Anadigics, Inc. (ANAD): Read the Full Research
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
ANADIGICS CORP (ANAD): Free Stock Analysis
To read this article on Zacks.com click here.