Boston, MA 03/18/2014 (wallstreetpr) – Vitesse Semiconductor (NASDAQ:VTSS) a leading developer and designer of communications integrated circuits for networks has announced it is joining hands with other industry players in a bid of developing “Advanced Ethernet Networks”. The industry players are joining hands to develop a stream of broadband wireline and Ethernet domains.
Vitesse Semiconductor will be a decisive player in the partnership considering it is a market leader with its cutting edge and highly competitive Broadband IC that has officially become a member of the broadband forum. The industry boosts of a growing membership of 200 tech service providers in various sizes and shapes
The new forum has already set itself for future developments that will involve the evolution of Ethernet networks as well as tech superhighways. Vitesse Semiconductor is looking forward to working with other broadband remembers in an effort of standardizing technical specifications for best practices in Ethernet based broadband networks.
Vitesse Semiconductor rated as a “Buy”
Vitesse Semiconductor (NASDAQ:VTSS) has received positive reception in the market in the recent past having seen its stock surge with high margins. Benchmark research equity has initiated coverage of the company stock rating its stock as a “Buy” with a price target of $5.50. Analyst Gary Mobley currently believes the company stock is at its tipping point.
Strengths in the company stock can be seen in rising share price in the market as well as impressive earnings per share and a notable impressive return to equity ratio. Vitesse Semiconductor has been employing a fruition turnaround strategy that has far worked out, turning around the company’s fortunes having already refreshed its product portfolio.
Vitesse Semiconductor has seen its annual revenue grow since 2008 while expecting projects to cross over into profitable margins as early as the third quarter of the current fiscal year.
Vitesse Semiconductor (NASDAQ:VTSS)’s stock was up and running on Monday week opening session, moving up by 5.01% to close the day at a high of $4.40
