Analog mixed-signal components supplier Exar Corporation (EXAR - Free Report) has been constantly upgrading its product portfolio with product launches. Most recently, the company introduced the XR9200 Coprocessor family that will cater to the requirements of high-system performance applications in data analytics and storage. The launch met a lackluster response in the market, as the share prices closed almost flat at $13.64 on Oct 16, 2013, a day after the launch.
The XR9200 Coprocessor is suitable for cloud security applications such as Data Warehouses, Hadoop Clusters, Storage Arrays, Application Delivery Controllers (ADC), WAN Optimization Appliances and Security Gateways.
The latest device is an extension of Exar’s portfolio of compression and security coprocessors. The primary task of the new coprocessor is to facilitate compression in order to reduce or eliminate expensive Input/Output (I/O) bottlenecks, enhance system performance with minimal latency and optimize storage efficiency.
The XR9200 family of coprocessors meets the performance standards of different enterprise-class CPU cores at relatively lower power consumption and costs. Moreover, the new product is compatible with the XR8200 family of coprocessors and is expected to provide exclusive solutions to a host of applications.
A few months back, Exar had introduced a product named XRP6670 for electromagnetically compatible space-sensitive applications and electromagnetic interference (EMI) compliance.
Exar designs and manufactures analog and mixed-signal integrated circuits for communication, video and imaging products. Connectivity and power management products are one of the four product portfolios of the company. The other product portfolios of the company include communications products, network security and storage optimization solutions.
Exar currently carries a Zacks Rank #3 (Hold). Some other stocks in the industry worth mentioning include Cirrus Logic Inc. (CRUS - Free Report) , Freescale Semiconductor, Ltd. and Advanced Micro Devices, Inc. (AMD - Free Report) . While Cirrus Logic and Freescale Semiconductor carry a Zacks Rank #1 (Strong Buy), Advanced Micro has a Zacks Rank #2 (Buy).