Entropic Communications (NASDAQ:ENTR) was downgraded by equities researchers at Benchmark Co. from a “buy” rating to a “hold” rating in a research report issued on Thursday, ARN reports.
Entropic Communications (NASDAQ:ENTR) opened at 4.43 on Thursday. Entropic Communications has a 1-year low of $3.57 and a 1-year high of $6.64. The stock’s 50-day moving average is currently $4.33. The company’s market cap is $396.8 million.
Entropic Communications (NASDAQ:ENTR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.01 earnings per share for the quarter. The company had revenue of $70.60 million for the quarter, compared to the consensus estimate of $70.06 million. During the same quarter last year, the company posted $0.09 earnings per share. Entropic Communications’s revenue was down 15.0% compared to the same quarter last year. Analysts expect that Entropic Communications will post $0.05 EPS for the current fiscal year.
Entropic Communications, Inc provides semiconductor solutions for the connected home. The Company’s Set-top Box (NASDAQ:ENTR), System-on-a-Chip (SoC), and home connectivity, or connectivity, solutions enable global pay-television (TV) operators to offer consumers whole-home entertainment experiences.
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