Movement Alert|MACOM Technology Solutions Holdings, Inc. Rises 5.85% in Regular Trading, Earnings Report Imminent as Market Front-Runs Growth Expectations

Market Focus08-05 00:13

On August 5, MACOM Technology Solutions Holdings, Inc. rose 5.85% in regular trading, trading at $270.85/share, with turnover of $126 million.

On the news front, the company is scheduled to release its quarterly earnings report on August 6 before market open, with consensus estimates projecting revenue of $335 million, representing 33.05% year-over-year growth; adjusted EPS of $1.35, up 49.52% year-over-year; and EBIT expected to increase 62.03% year-over-year. AI-related demand driving data center business growth and profit margin expansion remain the core thesis.

Institutional sentiment is broadly bullish. Truist previously raised its target price from $261 to $375 while maintaining a Buy rating, and the average analyst target price stands at $376.57. In the prior quarter, the company reported revenue of $289 million with a gross margin of 56.91% and adjusted EPS of $1.09, up 28.24% year-over-year, demonstrating an accelerating growth trajectory heading into the upcoming report.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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