Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

MaxLinear (MXL) in Focus: Stock Adds 5.4% in Session

MaxLinear, Inc. MXL was a big mover last session, as the company saw its shares rise 5.4% on the day. Shares gained after the company, in collaboration with Hitron Technologies, announced the launch of CMS-02 – an embedded spectrum analysis module. The news led to far more shares changing hands than in a normal session resulting in solid volume. Yesterday’s rally breaks the recent trend of the company, as the stock is now trading above the volatile price range of $15.86 to $18.47 in the last one-month time frame.

The company has seen two estimate revisions over the past one month, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

MaxLinear currently carries a Zacks Rank #3 (Hold).
 
A better-ranked stock in the same industry is MICROCHIP TECH MCHP which sports a Zacks Rank #1 (Strong Buy).

Is MXL going up? Or down? Predict to see what others think: Up or Down

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
MICROCHIP TECH (MCHP): Free Stock Analysis Report
 
MAXLINEAR INC-A (MXL): Free Stock Analysis Report
 
To read this article on Zacks.com click here.