Shares Up on Avago's New Connectivity Solutions - Analyst Blog

By Zacks Equity Research,

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Shares of leading analog semiconductor manufacturer Avago Technologies Ltd . ( AVGO ) increased marginally on Mar 13 following the announcement of its latest series of MicroPOD and MiniPOD solutions supporting 100GbE (100 Gigabit Ethernet) data transmission over a 550 meter link distance.

In partnership with Corning Inc. (GLW), Avago provides long-reach, high-density embedded optical connectivity solutions for datacenters and enterprise network applications. Corning has proven excellence in developing innovative fiber optic technology providing superior bandwidth performance for data centers. This collaboration with Avago will create the next generation of optical technologies that is likely to transform data centers.

With a heavy demand of fast 100G data speeds to meet high bandwidths, products like MicroPOD and MiniPOD offer the perfect solution for embedded optical connectivity. The joint solutions enable datacenters and enterprise networks to transition from 10G to 100G Ethernet while supporting a 550m link distance using Corning's optical link cables.

Avago remains focused on inventing new products and maintaining its competitive advantage worldwide. The rise in demand for such innovative products is likely to augment its overall revenues.

With an expertise in compound semiconductor design and processing, Avago is a premier designer, developer and global supplier of a broad range of analog, mixed signal and optoelectronics components and subsystems. Avago products serve three primary target markets: wireless communications, wired infrastructure, and industrial and others.

Avago currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look in the industry include FORMFactor Inc . ( FORM ), Himax Technologies Inc . ( HIMX ) and Integrated Device Technology, Inc . ( IDTI ), each carrying a Zacks Rank #2 (Buy).

AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report

FORMFACTOR INC (FORM): Free Stock Analysis Report

HIMAX TECH-ADR (HIMX): Free Stock Analysis Report

INTEGR DEVICE (IDTI): Free Stock Analysis Report

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Zacks Investment Research

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 , Business , Stocks
Referenced Stocks: GLW , AVGO , FORM , HIMX , IDTI

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