Short’s Beaver
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*Thomson Reuters/Verus upgrades RF MICRO DEVICES INC from HOLD to BUY.BY Investars Analyst Actions - public— 10:13 AM ET 10/28/2013
On October 28, 2013 Thomson Reuters/Verus upgraded RF MICRO DEVICES INC (RFMD ) from HOLD to BUY.
*Ford Equity Research upgrades RF MICRO DEVICES INC from HOLD to STRONG BUY.BY Investars Analyst Actions - private— 7:27 PM ET 10/26/2013
On October 26, 2013 Ford Equity Research upgraded RF MICRO DEVICES INC (RFMD ) from HOLD to STRONG BUY.
RF Micro Devices Posts Record Quarterly Revenue
In terms of the top line, RF Micro Devices (NASDAQ: RFMD ) had a quarter for the record books, but that wasn't enough to avoid disappointment from the market.
For its fiscal Q2 2014, revenue notched an all-time high at nearly $311 million, or almost 50% higher than the $210 million in the same period the previous year. Net income swung to a profit of $5.9 million ($0.02 per diluted share), against Q2 2013's $16.5 million ($0.06) loss. On an adjusted basis, those figures were $33.9 million ($0.12) and $7.8 million ($0.03) in the black, respectively.
The company provided forward guidance for its current Q3. Revenue for the period is anticipated to be flat to 5% higher sequentially, or $311 million to $326 million, with adjusted EPS coming in at $0.13-$0.14. Analysts had been projecting revenue of $326 million in top line, but their EPS estimate matched the low end of the company's range at $0.13.
RFMD is nothing but a BUY Short’s be ready for cover. Short Interest as a % of
Shares Outstanding* 6.69% Shares Short* 18,820,766
