Stocks in the News – Silicom Ltd. (NASDAQ:SILC)
Silicom Ltd. (NASDAQ:SILC) began its trading session at $49.99 on Monday. During the most recent trading session the minimum price at which share price traded, recorded at $48.30 and hit to max level of $50.00. The company fall -1.26 points or -2.54%. The company finished it trading session at $48.41. It traded total volume of 58,122 shares higher than the average volume of 56,184 shares.
Silicom Ltd. (SILC), a technology company engaged in the design, manufacture, marketing and support of networking and data infrastructure solutions for a range of servers, server-based systems and communications devices, recently declared that it has secured an important first Design Win for several versions of its Bypass cards from a well-established Cyber Security customer which has now standardized on Silicom as its networking add-on solution provider. Shipments against this Design Win are predictable to ramp up to about $1.0M per year. In parallel, the customer is considering the potential use of Silicom’s vCPE appliances as part of its Cloud offering.
“We are really happy that this highly-respected Cyber Security player now recognizes Silicom as its go-to provider for networking solutions – a status that we believe will bring us more Design Wins in the future,” commented Shaike Orbach, Silicom’s President & CEO. “Like much of the Cyber Security industry, this customer will soon be adding a Security as a Service Cloud offering to its portfolio, and we are working with them to include our Cloud-related solutions within it. This expresses that our product lines are fundamental building blocks for companies designing and offering systems for both the traditional market and the Cloud. In fact, many of our Cyber Security clients are active in both realms, and to match their needs, we have built an end-to-end value proposition based on second-to-none technology, matchless support and strong synergies across all or our product lines – and the industry is responding. As such, we believe that Cyber Security will continue being an important growth driver for our business.”
SILC has the market capitalization of $2.09 and its EPS growth ratio for the past five years was 9.58%. Price to sales ratio was 3.56.