Financial Results, Industry-Firsts, and Successful Product Launches - Research Report on Semtech, QLogic, SunEdison, AppliedMicro, and Celestica

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Jul 31, 2013, 08:00 ET

NEW YORK, July 31, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Semtech Corporation (NASDAQ: SMTC), QLogic Corporation (NASDAQ: QLGC), SunEdison Inc. (NYSE: SUNE), Applied Micro Circuits Corporation (NASDAQ: AMCC), and Celestica Inc. (NYSE: CLS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Semtech Corporation Research Report

On July 18, 2013, Semtech Corporation (Semtech) announced the availability of SBMULTR2T2812G, a multi-standard silicon IP (SiIP) PHY that supports the latest new standards for high-speed wireline and wireless networks. The Company informed that the SBMULTR2T2812G is tuned to meet the performance of each standard through a programmable profile that sets a set of registers that control the operation of the PHY and is available in dual- and quad-lane versions. According to Semtech, the platform supports advanced channel equalization and adaptation circuitry to optimize performance, while using minimal power at each data rate and in the smallest silicon area. The Full Research Report on Semtech Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2c11_SMTC]

QLogic Corporation Research Report

On July 25, 2013, QLogic Corporation (QLogic) announced financial results for Q1 FY 2014 (period ended June 30, 2013). Q1 FY 2014 net revenue was $113.1 million, representing a decline of 13.2% YoY. In early June 2013, the Company commenced a restructuring plan to enhance product focus and streamline business operations, which resulted into a revision of QLogic's product categories for revenue reporting. Accordingly, effective from Q1 FY 2014, revenue has been presented in two new categories - Advanced Connectivity Platforms and Legacy Connectivity Products. During Q1 FY 2014, the Company's revenue from Advanced Connectivity Platforms declined 13.7 % YoY to $93.2 million, while revenue from Legacy Connectivity Products declined 10.8% YoY to $19.9 million. "The restructuring activities are progressing according to our plan and we are sharply focused on the server and storage connectivity markets," said Jean Hu, interim CEO, Senior Vice President, and CFO of QLogic. The Full Research Report on QLogic Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8baa_QLGC]

SunEdison Inc. Research Report

On July 25, 2013, SunEdison Inc. (SunEdison) announced that it will host a conference call and live webcast on August 7, 2013 at 8:00 a.m. ET, to discuss the Company's Q2 2013 financial results. The Company informed that SunEdison's CEO Ahmad Chatila and CFO Brian Wuebbels will be participating in the conference call. In the Q1 2013 results release, the Company had stated that in Q2 2013, it expects Semiconductor Materials revenue of $235 million to $245 million, solar energy systems total non-GAAP sales volume of 29 MW to 54 MW, and capital spending between $30 million and $40 million. Also, full-developed solar energy systems average project pricing in Q2 2013 is expected to be between $3.40/watt and $3.55/watt. The Full Research Report on SunEdison Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5390_SUNE]

Applied Micro Circuits Corporation Research Report

On July 26, 2013, Applied Micro Circuits Corporation (AppliedMicro) announced that it hosted the world's first demonstration of Kernel-based Virtual Machine (KVM) running on X-Gene on July 12, 2013 in Dublin, Ireland. The Company said that the demonstration showed KVM ARMv8 64-bit based virtualization on the AppliedMicro X-C1 hardware platform, featuring the Company's X-Gene Server on a Chip silicon solution. "Enterprise and private cloud customer can now access a complete set of tools to enable low-TCO Platform-as-a-Service applications and to accelerate the seamless transition to ARMv8 64-bit hardware," said Dr. Paramesh Gopi, President and CEO of AppliedMicro. The Full Research Report on Applied Micro Circuits Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2d7e_AMCC]

Celestica Inc. Research Report

On July 26, 2013, Celestica Inc. (Celestica) announced financial results for Q2 2013. Revenue for Q2 2013 was $1.5 billion, decreased 14.3% YoY, but was above the Company's guidance of $1,375 million to $1,475 million. Adjusted EPS of $0.21 was also above Celestica's guidance of $0.13 to $0.19, compared $0.22 in Q2 2012. "Despite the challenging economic environment, we are projecting continued growth in our diversified end market for the third quarter," said Craig Muhlhauser, President and CEO of Celestica. "In addition, we are announcing our intent to launch a normal course issuer bid this quarter. This action reinforces our confidence in our strategy, execution, and ability to maintain a strong balance sheet and generate free cash flow to make the necessary investments to support our growth, while returning excess capital to the shareholders through share repurchases." For Q3 2013, the Company expects revenue between $1,425 million and $1,525 million, and adjusted net EPS in the range of $0.17 to $0.23. The Full Research Report on Celestica Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/78cd_CLS]

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