Revenue Update on GigOptix Inc(NYSEMKT:GIG)

GigOptix Inc(NYSEMKT:GIG) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $16.217M. Analysts estimated a revenue of $16.180M. The revenues were 0.23% above the estimates. Earnings per share were $0.05. Analysts had estimated an EPS of $0.05.

GigOptix Inc (GIG) made into the market gainers list on Wednesdays trading session with the shares advancing 0.33% or 0.01 points. Due to strong positive momentum, the stock ended at $3.06, which is also near the day’s high of $3.06. The stock began the session at $3.05 and the volume stood at 10,86,116 shares. The 52-week high of the shares is $3.06 and the 52 week low is $1.63. The company has a current market capitalization of $206 M and it has 6,74,21,437 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Raluca Dinu (Chief Operating Officer) sold 54,000 shares at $2.00 per share price.Also, On Jun 14, 2016, Frank Schneider (director) sold 12,500 shares at $2.00 per share price.On Jun 14, 2016, Darren Ma (Vice President and CFO) sold 25,000 shares at $2.00 per share price, according to the Form-4 filing with the securities and exchange commission.

GigOptix Inc. (GigOptix) is a fabless supplier of semiconductor and optical components that enable high-speed end-to-end information streaming over the network and address emerging high-growth opportunities in the communications industrial defense and avionics industries. The business is made up of two product lines: the High-Speed Communications (HSC) product line and the Industrial product line. The Company offers an array of high performance MMIC solutions that enable next generation wireless microwave systems up to 90GHz and drivers TIAs and TFPS optical modulators for 40G and 100G fiber-optic telecommunications and data-communications networks. It also offers a wide range of digital and mixed-signal ASIC solutions.

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