Back to top

Analyst Blog

Applied Micro Circuits Corporation (AMCC - Analyst Report) recently announced the opening of its new design center in Bangalore, India.

The company had earlier opened a design center in Pune. The new center in Bangalore is expected to provide advanced design and development of AppliedMicro’s computing and connectivity solutions, thereby offering significant value to its technology technological capabilities.

The aim behind the new design center is to empower the company to meet the rapidly brewing demand for “Just-Right” compute and connectivity products. These products are designed for enterprise and cloud data centers through the development of new products.

These new products are expected to reduce energy and total cost of ownership of data center infrastructure in a significant way.

Applied Micro continues to design innovative products in the cloud computing space. The company expects to deliver the latest technologically advanced products provided by both the Bangalore and Pune centers.

The design center Bangalore, the technology hub of India, is expected to draw the best talent in the industry and boost the company’s progress in cloud computing. The design center is expected to facialiate the company’s strategy in the development of its flagship product, "X-Gene," which is a processor required for next-generation cloud computing, wireless infrastructure, enterprise networking, and storage and security applications.

The center is also expected to accelerate the development of AppliedMicro’s next generation Optical Transport Network (OTN) and physical layer (PHY) products.

Besides, AppliedMicro has design centers in North America, Denmark and Vietnam, apart from Bangalore and Pune in India.

The company continues to struggle amidst a weak microenvironment.  We continue to maintain an Underperform recommendation on Applied Micro. However, in the short run, we have a Zacks #4 Rank on the stock, which translates into a short-term rating of Sell.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%