Mindspeed Technologies (NASDAQ:MSPD) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports.
Shares of Mindspeed Technologies (NASDAQ:MSPD) opened at 2.97 on Wednesday. Mindspeed Technologies has a 52 week low of $2.28 and a 52 week high of $5.27. The stock’s 50-day moving average is $2.98 and its 200-day moving average is $3.04. The company’s market cap is $128.9 million.
Mindspeed Technologies (NASDAQ:MSPD) last released its earnings data on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company had revenue of $36.00 million for the quarter, compared to the consensus estimate of $36.03 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. Analysts expect that Mindspeed Technologies will post $-0.05 EPS for the current fiscal year.
Mindspeed Technologies, Inc (NASDAQ:MSPD) designs, develops and sells semiconductor solutions for communications applications in the wireline and wireless network infrastructure, which includes enterprise networks, broadband access networks (fixed and mobile), and metropolitan and wide area networks (WAN).
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