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Applied Micro Circuits (AMCC) Catches Eye: Stock Up 5.8%

Applied Micro Circuits CorporationAMCC was a big mover last session, as the company saw its shares rise nearly 6% on the day. Recently, the company announced its third generation Server-on-a-Chip (R) solution, X-Gene(R) 3, which led to solid volume too with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $6.48 to $7.40 in the past one-month time frame, showed a pick-up yesterday at $7.27.

In the last 30 days, this company did not witness any estimate revisions and the Zacks Consensus Estimate has remained unchanged over the same period. However, the recent price action is encouraging, so make sure to keep a close watch on this firm in the near future.

Applied Micro Circuits currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

An attractive stock in the same industry worth considering includes CEVA Inc. CEVA carrying a Zacks Rank #1(Strong Buy).

Is AMCC going up? Or down? Predict to see what others think: Up or Down

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APPLD MICRO CIR (AMCC): Free Stock Analysis Report

CEVA INC (CEVA): Free Stock Analysis Report

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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.


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

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