Silicom Ltd (SILC, Financial), a telecommunications company, saw its stock price drop by 6.39%. The shares are currently trading at $16.44 with a trading volume of 17,848 shares. The stock's turnover rate is 0.29%, and it has a price fluctuation of 3.99%.
Recent financial reports indicate that Silicom generated $58.11 million in revenue but reported a net loss of $12 million, resulting in an earnings per share (EPS) of -$1.99. The company's gross profit stands at $16.60 million, and its price-to-earnings (P/E) ratio is -8.52. Currently, no institutional ratings suggest a buy, hold, or sell for Silicom's stock.
In the broader telecommunications industry, the sector saw a slight increase of 0.07%. Some related stocks, such as Amplitech Group Inc., Optical Cable Corporation, and Viavi Solutions Inc., have shown significant gains. Meanwhile, stocks like Siyata Mobile, Inc., Vislink Technologies, and Mobilicom Ltd have been quite active, with high turnover rates of 20.56%, 9.75%, and 5.65%, respectively. Notably, Siyata Mobile Inc., UTStarcom, and Optical Cable Corporation experienced substantial price swings of 29.12%, 22.73%, and 19.27%, respectively.
Silicom Ltd specializes in designing and manufacturing network and data infrastructure solutions for servers, server-based systems, and communication devices. Its product range includes server adapters, edge networking solutions, FPGA-based cards, x86 Open Appliances, bypass switches, and TAPs. The company primarily generates revenue from North America, with additional operations in Europe and the Asia-Pacific region.
