Post by Admin on Jul 26, 2016 18:37:16 GMT -5
Q on Q revenues increased by around 5%. This bodes well for AMCC if they are susceptible to the same rising tide. If AMCC sees the same Q on Q revenue growth, then AMCC should be slightly north of $43M (?). CAVM shares rose 5% after hours.
Gopi needs to deliver here, or he's "gonna have some splainin' to do".
Oh, and by the way, forward guidance accelerates: www.webbreakingnews.com/2016/07/27/cavium-inc-cavm-releases-q3-earnings-guidance/