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Silicom Ltd. (SILC) RSS Feed

Followers
3
Posters
10
Posts (Today)
0
Posts (Total)
16
Created
07/09/07
Type
Free
Moderators
Silicom Ltd. is an industry-leading provider of high-performance server/appliances networking solutions. The Company's flagship products include a variety of multi-port Gigabit Ethernet, copper and fiber-optic, server adapters and innovative BYPASS adapters designed to increase throughput and availability of server-based systems, WAN optimization and security appliances and other mission-critical gateway applications. Website: www.silicom.co.il. WR Hambrect initiates SILC with a Buy and $25 price target (July 2007) http://www.wrhambrecht.com/research/network/silc.html Float: 2.6 Million Shares / 6.7 Million outstanding Cash : 30 Miilion Dollar Last quarter report: Silicom Ltd. (NASDAQ and TASE: SILC) today reported record revenues, operating income and net income for the first quarter ended March 31, 2007. Revenues for the first quarter of 2006 were $6.0 million, an increase of 84% compared with $3.3 million in the first quarter of 2005 and 21% compared to the fourth quarter of 2006. These are the Company's highest revenues on record and its 13th consecutive quarter of rising sales. Operating income for the quarter reached a record of $1.2 million. This represented an increase of 145% compared to the first quarter of 2006 and 27% compared to the fourth quarter of 2006. Net income for the first quarter was $1.2, or $0.22 per diluted share ($0.23 per basic share), an increase of 127% compared to $548,000, or $0.11 per share (basic and diluted) for the first quarter of 2006.
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