Inphi Corporation (IPHI), a provider of high-speed analog and mixed signal semiconductor solutions, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on IPHI’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that Inphi could be a solid choice for investors.
Current Quarter Estimates for IPHI
In the past 30 days, 3 estimates have gone higher for Inphi. The trend has been pretty favorable too, with estimates increasing from a loss of 3 cents a share 30 days ago, to break even, a significant move upward.
Current Year Estimates for IPHI
Meanwhile, Inphi’s current year figures are also looking quite promising with 2 estimates moving higher in the past month. The consensus estimate trend has seen a boost for this time frame, increasing from a loss of 3 cents per share 30 days ago to break even today, a significant increase.
The stock has also started to move higher lately, adding 7.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
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INPHI CORP (IPHI): Free Stock Analysis Report
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