Boston, MA 03/14/2014 (wallstreetpr) – M/A-COM Technology Solutions Holdings (NASDAQ:MTSI), which is a leading supplier of high performance radio frequency RF, microwave as well has millimeter wave products has launched some innovative products in the industry. Recently, the company launched a new addition to its driver’s portfolio known as MAOM-003401 that will be used for 100Gbps Ethernet applications.
The latest innovation comes at the back of the company announcing that it had attained production release status for its M37040 AND m37041 4x28Gbps CDRs. MAOM-003401 will be the lowest power quad channel driver solution with capabilities of being used in 100Gbps Ethernet. The product is expected to be combined with M37049 Quad channel CDR to provide reliable and efficient power as well as form factor solutions for transceivers.
M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) has also launched the industry’s first 100Gbps Electro absorption Modulated Laser Driver that will be integrated with CDR Functions. Another innovation is the modulator drivers MAOM-003407 and MAOM-003409 that will be beneficial for metro applications at 100G
M/A-COM Technology Rating in the market
Analysts at JPMorgan Chase &Co have recently weighed into MTSI shares rating them as a “hold” and also raising their price target from $20 to $22. Analysts at Jeffries group also have a hold rating on the company’s stock also raising their price target from $21 to $23.
M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) seem to be performing well according Zacks analysts who have upgraded the company’s stock from an “underperform” to a neutral. The company’s stock currently commands an average rating of “Buy” with a price target of $19.29.
The company released its recent quarter earnings on February 10 in which earnings per share came in at $0.09 missing consensus estimates $0.25. Revenue for the quarter came in at $83.50 million slightly lower than consensus estimates of $84.78 million.
M/A-COM Technology Solutions Holdings (NASDAQ:MTSI) was up on Thursday trading session by 3.43% closing the day at a high of $19.90
