Applied Micro Circuits Corp (AMCC) recently claimed that its embedded Server-on–a-Chip (SoC) products have gained traction in the Consumer Premise Equipment (CPE) and Enterprise markets. The embedded server on chips are used in a variety of designs, including enterprise and consumer access points, Multimedia Over Coax Alliance (MoCA) gateways and Long Term Evolution (:LTE) gateway boxes.
Applied Micro has gained a formidable position in the server solutions and wireless market, fuelled by its advanced and innovative technologies. The company has shipped over two million embedded processors to Wistron NeWeb Corporation (WNC) – a provider of premium Original Design Manufacturer (:ODM) services of advanced wireless communications products to service providers.
Applied Micro’s product portfolio and continued efforts to provide maximum consumer satisfaction have augmented its market position. The integrated offload engines and advanced PacketPro architecture offer quality service and security and performance to its customers. With advanced PacketPro solutions, the company aims to deliver world-class carrier gateway systems.
Headquartered in Sunnyvale, Calif., Applied Micro is a leading provider of high-bandwidth low power integrated circuits (ICs), which are essential for the processing, transporting and storing of information. The company provides semiconductor solutions for the enterprise, telecom and consumer/small medium business.
In the last reported quarter, net sales for the company came in at $54.1 million versus $41.3 million in the year-earlier quarter. Applied Micro expects to continue its healthy revenue momentum with new product developments and increased market acceptance in the coming quarters.
Applied Metro currently has a Zacks Rank #2 (Buy). Other stocks that look promising and are worth considering in the industry include Diodes Incorporated (DIOD), LSI Corporation (LSI) and OmniVision Technologies, Inc (OVTI), each carrying a Zacks Rank #1 ( Strong Buy).
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