ON Semiconductor Corp. reported fourth-quarter FY21 revenue growth of 28 percent year-on-year to $1.85 billion, beating the consensus of $1.79 billion. Revenue from Power Solutions Group (PSG) grew 33 percent Y/Y to $953.4 million, Advanced Solutions Group (ASG) increased 24 percent Y/Y to $647.3 million, and Intelligent Sensing Group (ISG) rose 18 percent Y/Y to $245.4 million. The…
Ceragon Q4 Revenue Tops Consensus; Issues Positive FY22 Outlook
Ceragon Networks Ltd. reported fourth-quarter FY21 revenue growth of 5.1 percent year-on-year to $77.76 million, beating the consensus of $77.18 million. Ceragon saw strong yearly bookings in North America, India, and Europe, with 2021 annual book-to-bill above 1. Ceragon scooped twenty 5G design wins to date across all geographies. Operating income was $1 million versus $(1.5)…
Spotify And The War On Free Speech
In this episode, I follow up on the war Neil Young waged with Spotify, which has placed music, artistry, business, economics, the 1st Amendment, and a national conversation all in the spotlight, where righteous virtue signaling is being heralded over good business and access to music. If we can’t have conversations, we will become a…
Eurozone Business Growth Lost More Momentum in January as Omicron Hit Demand
LONDON—Eurozone economic growth lost more momentum in January as the bloc’s dominant services industry suffered from subdued demand amid tighter restrictions to contain the Omicron coronavirus variant, a survey showed. Some governments in the currency union have been encouraging citizens to stay at home to try and stop the more virulent variant from spreading while…
Silicon Labs Stock Gains on Q4 Beat, Robust Q1 Guidance
Silicon Laboratories Inc. reported fourth-quarter FY21 revenue growth of 43 percent Y/Y to $208.68 million, beating the consensus of $200.2 million. Margins The non-GAAP gross margin expanded 280 bps to 61.4 percent. The non-GAAP operating margin contracted 240 bps to 16.3 percent. The non-GAAP EPS of $0.77 beat the consensus of $0.57. Silicon Labs held $2.04…
Here’s How Analysts View PayPal Post Q4
Analysts slashed their price targets on PayPal Holdings Inc. following dismal Q4 results. JPMorgan analyst Tien-tsin Huang lowered the price target to $190 from $272 (44.7 percent upside) and kept an Overweight. The company’s guidance was “broadly disappointing, but probably necessary to reset expectations in order to get back to beating and raising expectations.” The analyst cut estimates but still…
Boeing Says Ukraine Tensions Creating ‘Adverse Climate’ for Business
Boeing Co. said on Monday the ongoing tensions between the United States and Russia over Ukraine were creating an “adverse climate” for its business and threatening to disrupt its supply chain. Boeing relies heavily on Russia’s VSMPO-AVISMA for the supply of titanium, a lightweight metal that is used widely in planemaking. Russia has massed tens…
Why Are Clearfield Shares Trading Higher Premarket?
Clearfield Inc. reported first-quarter FY22 net sales of 89 percent year-on-year to $51.1 million, beating the consensus of $41.3 million. The increase in net sales was due to higher sales across its core end markets, most notably its Community Broadband and MSO markets. The backlog rose 53 percent Q/Q to record $101 million. The gross margin…
AVCtechnologies to Divest Computex Tech Business to Calian
American Virtual Cloud Technologies Inc. agreed to sell its Computex Technology Group business to Calian Group Ltd. The financial terms of the transaction remain undisclosed. The proceeds from the sale, along with cash on hand, will likely render AVCtechnologies debt-free and allow long-term value creation for its shareholders. The move will help AVC Technologies transition to…
3 People You Need in Your Corner When Starting a Business
By Wayne Goshkarian Starting a business is not easy, especially when you are on your own, and to be successful there are three people that you need by your side as you work towards building your business. Mentor A mentor is an amazing asset for an entrepreneur to have. A mentor is someone who is…
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