Boston, MA 10\/28\/2013 (wallstreetpr) –\u00a0What happened on Friday was not anticipated. Shares of Synaptics, Incorporated (NASDAQ:SYNA) plummeted more than 15% following the company\u2019s narrow guidance after a solid Q1.14 earnings report. In the Q1.14, SYNA\u2019s net revenue went up by a staggering 75% to $222.6 million. The adjusted net income was $45.9 million, translating to $1.31 per diluted share. In comparison, both the earnings and the sales of the just reported quarter beat the expectation of analysts which were $1.23 per diluted share on revenue of $218.89 million.<\/p>\n
What led to the Friday\u2019s slump was the company\u2019s statement that its next quarter revenue is expected to dip to the range between $192 and $208 million. This is below the analysts\u2019 expectation of $209.35 million on its Q2.14. \u00a0While the revised Q2.14 guidance is lower than what analysts anticipate, it is still indicative of a significant increase of between 34% and 45% from the comparable quarter a year ago. However, as usual, investors reacted negatively to the news of lowered guidance, thus causing huge loss in share value at the NASDAQ. Basically, investors don\u2019t like seeing waning revenues as it sends the disappointing signals that there would be nothing significant to earn from their investment after all.<\/p>\n
However, considering the company\u2019s strengths, the Friday pullback offers a fantastic buying opportunity for the stock, especially for investors looking for long-term gains. It has to be recalled that the stock has had very impressive run that it\u2019s currently trading at roughly 15.5 times the earnings of last year and roughly 11.3 times estimates of next year. So generally this is a stock that has and continues to demonstrate strong value appreciation despite the fact that it didn\u2019t finish on a positive note on Friday.<\/p>\n
Synaptics develops and supplies custom-designed human interface solutions for interaction with a range of electronic devices such as mobile and PC.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 10\/28\/2013 (wallstreetpr) –\u00a0What happened on Friday was not anticipated. Shares of Synaptics, Incorporated (NASDAQ:SYNA) plummeted more than 15% following the company\u2019s narrow guidance […]<\/p>\n","protected":false},"author":9,"featured_media":11502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[3824,3826,3825,3823],"stock_ticker":[],"class_list":["post-11501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-nasdaqsyna","tag-syna","tag-synaptics-incorporated","tag-synaptics-incorporated-nasdaqsyna","entry"],"acf":[],"yoast_head":"\n