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Enter Symbol:
 
Applied Micro Circuits Corporation (AMCC) [hlAlert]

Rating:
Strong Buy
AMCC
down 36.33 %

Applied Micro Circuits Corporation (AMCC) rated Strong Buy by Raymond James

Posted on: Monday,  Jul 15, 2013  8:25 AM ET by Raymond James

Raymond James rated Strong Buy Applied Micro Circuits Corporation (NASDAQ: AMCC) on 07/15/2013. Previously Raymond James rated Outperform Applied Micro Circuits Corporation (NASDAQ:
AMCC) on 01/08/2013., when the stock price was $8.89. Since then, Applied Micro Circuits Corporation has lost 36.33% as of 01/20/2016's recent price of $5.66.
If you would have followed the previous Raymond James's recommendation on AMCC, you would have lost 36.33% of your investment in 1107 days.

Applied Micro Circuits Corporation (AMCC) is engaged in designing, developing, marketing and supporting integrated circuits (ICs), which are essential for the processing, transporting and storing of information worldwide. The Company offers IC products for wireline and wireless communications equipment such as wireless access points, wireless base stations, multi-function printers, edge switches, gateways, metro transport platforms, core switches and routers. The Company provides consumer storage products by using the technologies, such as redundant array of independent disks (RAID), serial advanced technology attachment (SATA) and serial attached small computer system interface (SAS). Its customers use its products for storage applications such as disk-to-disk backup, near-line storage, network-attached storage, video, security and computing. On April 21, 2009, the Company sold its 3ware storage adapter business to LSI Corporation.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/15/2013 8:25 AM Buy
None
10.08
as of 12/13/2013
1 Week down  -10.51 %
1 Month up  1.52 %
3 Months down  -9.51 %
1 YTD up  12.30 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/8/2013 8:25 AM Buy
None
8.89

(*) Stock Price at the time of the recommendation.
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