We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Lattice Appoints Brian Beattie to Board & Audit Committee
Read MoreHide Full Article
Lattice Semiconductor Corporation (LSCC - Free Report) recently announced changes in its management and appointed Brian Beattie to its board of directors and Audit Committee.
Beattie is currently the Executive Vice President, Business Operations, and Chief Administrative Officer of Synopys, Inc. (SNPS). Prior to this, he served Synopys as the Chief Financial Officer from 2006–2014.
Alongside, he has been a Chief Financial Officer and Executive Vice President of Finance and Administration at SupportSoft for six years. Beattie began his career at Nortel Networks and worked there for over 19 years. There he undertook important responsibilities on corporate, financial and operational matters.
Brian holds a Bachelor of Commerce degree and MBA in International Finance and Management from Concordia University in Montreal, Canada.
Management believes that Brian’s considerable experience in finance and business proficiency will be instrumental in helping the company achieve its long-term goals.
John Bourgoin, Lattice’s Chairman of the Board, said, “We are very pleased to have Brian join our Board of Directors given his proven track record. He brings substantial additional financial and operations expertise to our Board, which will be helpful as the Company continues to execute on its business strategy and lays the groundwork for its longer-term growth.”
Lattice announced mixed first-quarter 2016 results wherein adjusted loss per share of 5 cents was in line with the Zacks Consensus Estimate. However, revenues of $96.5 million were down both on a sequential and a year-over-year basis.
Estimates have been going down ahead of the company’s second-quarter earnings release. The company has a mixed record of earnings surprises in recent quarters.
Lattice issued a decent second-quarter fiscal guidance, with revenues in the range of $97 million to $103 million. The Zacks Consensus Estimate is pegged at $100.0 million.
Additionally, management expects gross margins of 57% (+/-2% sequentially) and total operating expenses of approximately $47.5 million (+/-3% sequentially).
The company is slated to report second-quarter results on Aug 4, 2016.
Lattice Sees FPGA Growth Amid Competition
Lattice Semiconductor designs, develops and markets high performance programmable logic devices and related development system software.
The company has been making efforts to launch several products. Also, demand for field-programmable gate array (FPGA) is increasing because these offer flexibility in terms of designs at lower R&D costs to electronic device manufacturing companies. Therefore, the company’s innovations in the FPGA space, solid execution and design wins are expected to drive demand, going forward.
However, increasing competition from Altera and Xilinx, a challenging technology spending environment and weakness in the consumer market keep us on the sidelines.
Currently, Maxim has a Zacks Rank #3 (Hold). Some well-ranked stocks in the technology space are CEVA Inc. (CEVA - Free Report) , FormFactor Inc. (FORM - Free Report) and Himax Technologies, Inc. (HIMX - Free Report) , each carrying a Zacks Rank #2 (Buy).
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 >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Lattice Appoints Brian Beattie to Board & Audit Committee
Lattice Semiconductor Corporation (LSCC - Free Report) recently announced changes in its management and appointed Brian Beattie to its board of directors and Audit Committee.
Beattie is currently the Executive Vice President, Business Operations, and Chief Administrative Officer of Synopys, Inc. (SNPS). Prior to this, he served Synopys as the Chief Financial Officer from 2006–2014.
Alongside, he has been a Chief Financial Officer and Executive Vice President of Finance and Administration at SupportSoft for six years. Beattie began his career at Nortel Networks and worked there for over 19 years. There he undertook important responsibilities on corporate, financial and operational matters.
Brian holds a Bachelor of Commerce degree and MBA in International Finance and Management from Concordia University in Montreal, Canada.
Management believes that Brian’s considerable experience in finance and business proficiency will be instrumental in helping the company achieve its long-term goals.
John Bourgoin, Lattice’s Chairman of the Board, said, “We are very pleased to have Brian join our Board of Directors given his proven track record. He brings substantial additional financial and operations expertise to our Board, which will be helpful as the Company continues to execute on its business strategy and lays the groundwork for its longer-term growth.”
Lattice announced mixed first-quarter 2016 results wherein adjusted loss per share of 5 cents was in line with the Zacks Consensus Estimate. However, revenues of $96.5 million were down both on a sequential and a year-over-year basis.
LATTICE SEMICON Price
LATTICE SEMICON Price | LATTICE SEMICON Quote
Mixed Second Quarter Likely for Lattice
Estimates have been going down ahead of the company’s second-quarter earnings release. The company has a mixed record of earnings surprises in recent quarters.
Lattice issued a decent second-quarter fiscal guidance, with revenues in the range of $97 million to $103 million. The Zacks Consensus Estimate is pegged at $100.0 million.
Additionally, management expects gross margins of 57% (+/-2% sequentially) and total operating expenses of approximately $47.5 million (+/-3% sequentially).
The company is slated to report second-quarter results on Aug 4, 2016.
Lattice Sees FPGA Growth Amid Competition
Lattice Semiconductor designs, develops and markets high performance programmable logic devices and related development system software.
The company has been making efforts to launch several products. Also, demand for field-programmable gate array (FPGA) is increasing because these offer flexibility in terms of designs at lower R&D costs to electronic device manufacturing companies. Therefore, the company’s innovations in the FPGA space, solid execution and design wins are expected to drive demand, going forward.
However, increasing competition from Altera and Xilinx, a challenging technology spending environment and weakness in the consumer market keep us on the sidelines.
Currently, Maxim has a Zacks Rank #3 (Hold). Some well-ranked stocks in the technology space are CEVA Inc. (CEVA - Free Report) , FormFactor Inc. (FORM - Free Report) and Himax Technologies, Inc. (HIMX - Free Report) , each carrying a Zacks Rank #2 (Buy).
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 >>