Silicom Ltd Stock Price, News & Analysis

On March 16, 2022, Silicom Ltd. (NASDAQ: SILC) announced a significant design win with a US communication service provider for customized edge networking products aimed at upgrading network infrastructure. Having delivered approximately $3 million in equipment for the first phase, Silicom received second-phase orders totaling another $3 million. The projected total value of this contract is $15 million. CEO Shaike Orbach emphasized the company's strong customer relationships and the demand for advanced networking solutions driven by cloud services and IoT.

Silicom Ltd. (NASDAQ-GS: SILC) announced a major contract with a Tier-1 European telco for its Edge Networking platform to support next-gen SD-WAN networks, set to roll out in late 2022. The initial purchase order is valued at $1 million, with an anticipated run rate of $5 million per year. This partnership, forged with a leading SD-WAN software provider, underscores Silicom's strong market positioning and the advantages of its solutions in the evolving SD-WAN landscape, as stated by CEO Shaike Orbach.

Silicom Ltd. (NASDAQ: SILC) reported strong financial results for 2021, with revenues of $128.5 million, marking a 20% increase from $107.4 million in 2020. Net income rose by 84% to $10.5 million, translating to GAAP earnings per share of $1.51. The fourth quarter showed revenues of $36.3 million, a 7% year-over-year increase. Despite growth, management warns of potential revenue limitations due to a global components crisis, projecting Q1 revenue between $31 million and $33 million. Silicom anticipates double-digit growth in 2022, leveraging ongoing demand in SD-WAN and 5G markets.

Silicom Ltd. (NASDAQ: SILC) is set to release its fourth quarter and full year 2021 financial results on January 27, 2022. Following the announcement, a conference call will take place at 9:00 am ET to discuss the results and address investor queries. Participants can join via a webcast or telephone, and a replay will be available for three months afterward. Silicom is recognized for its high-performance networking and data infrastructure solutions designed for Cloud and Data Center environments.

Silicom Ltd. (NASDAQ: SILC) announced a significant new Design Win from a major North American telecom service provider, resulting in purchase orders totaling $30 million for a customized Edge Smart Platform. This deal is expected to stabilize at over $50 million annually. The partnership stems from successful previous projects, demonstrating Silicom's growing influence and capability within the telecommunications sector. The company is also addressing supply chain challenges to meet delivery timelines, indicating a proactive approach to operational stability.

Silicom Ltd. (NASDAQ: SILC) reported strong financial results for Q3 2021, with revenues increasing 16% year-over-year to $32.9 million. Net income rose to $2.6 million, marking a 31% increase in GAAP earnings per share, reaching $0.38. For the first nine months, revenues grew 25% to $92.2 million, with net income of $7.2 million and a 53% increase in EPS to $1.04. Management forecasts Q4 revenues between $34 million and $36 million, indicating robust demand in the SD-WAN and O-RAN markets.

Silicom Ltd. (NASDAQ: SILC) announced a significant design win as a leading networking equipment provider has selected its SD-WAN Smart Platform for next-generation solutions. The client has already placed substantial initial orders, with plans for increased quantities in 2022, potentially making them one of Silicom's largest customers. CEO Shaike Orbach mentioned this win is expected to drive growth as SD-WAN networks gain traction. Silicom aims to leverage its existing success in the SD-WAN space to secure more design wins moving forward.

Silicom Ltd. (NASDAQ: SILC) will release its third quarter 2021 results on October 28, 2021. A conference call is scheduled for the same day at 9:00am Eastern Time, where management will review the results and answer investor questions. Investors can join via a webcast or telephone. Silicom specializes in high-performance networking and data infrastructure solutions, focusing on enhancing efficiency in Cloud and Data Center environments. For more information, visit www.silicom.co.il.

Silicom Ltd. (NASDAQ: SILC) reported strong financial results for Q2 2021, with revenues of $30.3 million, marking a 31% increase from $23.0 million in Q2 2020. Net income rose 56% to $2.0 million, or $0.29 per share. For the first half of 2021, revenue was $59.3 million, up 31% year-over-year, with net income at $4.6 million, a 66% increase. Looking ahead, the company projects Q3 2021 revenues between $32 million and $33 million, representing 24% growth compared to the prior year. Management cites successful design wins, including partnerships with Telefonica and a global 5G vendor.