U.S. markets closed
  • S&P Futures

    4,424.75
    +34.75 (+0.79%)
     
  • Dow Futures

    34,377.00
    +220.00 (+0.64%)
     
  • Nasdaq Futures

    14,574.50
    +148.00 (+1.03%)
     
  • Russell 2000 Futures

    2,002.40
    +17.00 (+0.86%)
     
  • Crude Oil

    86.01
    +0.87 (+1.02%)
     
  • Gold

    1,835.10
    +3.30 (+0.18%)
     
  • Silver

    24.23
    -0.09 (-0.39%)
     
  • EUR/USD

    1.1338
    -0.0017 (-0.15%)
     
  • 10-Yr Bond

    1.7470
    -0.0860 (-4.69%)
     
  • Vix

    28.85
    +3.26 (+12.74%)
     
  • GBP/USD

    1.3558
    +0.0013 (+0.09%)
     
  • USD/JPY

    113.8630
    +0.2080 (+0.18%)
     
  • BTC-USD

    35,731.67
    +319.27 (+0.90%)
     
  • CMC Crypto 200

    825.84
    +583.16 (+240.30%)
     
  • FTSE 100

    7,494.13
    -90.88 (-1.20%)
     
  • Nikkei 225

    27,340.10
    -182.16 (-0.66%)
     

Looking for a Growth Stock? Why It is Time to Focus on MaxLinear (MXL)

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • MXL

Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, they can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.

One such company that might be well-positioned for future earnings growth is MaxLinear, Inc. MXL. This firm, which is in the Semiconductor - Analog and Mixed industry, saw EPS growth of 10% last year, and is looking great for this year too.

In fact, the current growth estimate for this year calls for earnings-per-share growth of 169.77%. Furthermore, the long-term growth rate is currently an impressive 20%, suggesting pretty good prospects for the long haul.

MaxLinear, Inc Price and Consensus

MaxLinear, Inc Price and Consensus
MaxLinear, Inc Price and Consensus

MaxLinear, Inc price-consensus-chart | MaxLinear, Inc Quote

And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 13.9%. Thanks to this rise in earnings estimates, MXL has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company. You can see the complete list of today’s Zacks #1 Rank stocks here.

So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider MXL. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for MXL as well.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

MaxLinear, Inc (MXL) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research