Welcome to our dedicated page for Silicom news (Ticker: $SILC), a resource for investors and traders seeking the latest updates and insights on Silicom stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Silicom's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Silicom's position in the market.
Silicom reported a total revenue of $14.4 million for Q1 2024, with a net loss of $(3.4) million on a GAAP basis. The company projects Q2 2024 revenues to range from $15 million to $17 million and anticipates full-year revenues of approximately $70 million. Additionally, Silicom announced a new one-year $15 million share buyback program. Management notes an impressive $13 million positive operating cash flow for the quarter and aims for 20% compound annual growth, with EPS increasing to above $3 by 2028.
