Sign In  |  Register  |  About Los Altos  |  Contact Us

Los Altos, CA
September 01, 2020 1:26pm
7-Day Forecast | Traffic
  • Search Hotels in Los Altos

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Pesaro Inc. (NASDAQ: PRSO): Prominent Semiconductor Smallcap to Monitor in May 2024

Pesaro Inc. (NASDAQ: PRSO): Prominent Semiconductor Smallcap to Monitor in May 2024

The innovative 60 GHz unlicensed and 5G mmWave wireless technology firm, Pesaro Inc. (NASDAQ: PRSO), renowned for its antenna modules, IP, software, and chipsets, has announced it will publish its financial outcomes for the first fiscal quarter on May 13, 2024, after market close. 

Additionally, on that day, the company will conduct a conference call at 2 p.m. Pacific Time. Pesaro Inc.'s Chief Executive Officer, Ron Glibbery, and Chief Financial Officer, Jim Sullivan, will participate. The executives plan to review the financial results and discuss the business's prospects. 

On April 16, Pesaro revealed that its X710 chipset was selected by Panasonic System Networks R&D Lab Co. Ltd. (PSNRD) for their new 60GHz WLAN solution. PSNRD plans to incorporate Pesaro's array antenna technology into its product, aiming to enable low-latency, high-speed communication comparable to LAN, covering distances of several hundred meters. 

The stock is presently trading within a narrow range, consistently above its 200-day moving average in a consolidated format. It exhibited a bullish signal by surpassing its 20-day moving average yesterday, positioned within the thriving semiconductor sector. This movement makes it a stock to immediately consider monitoring. 

Additionally, the solution was highlighted for its ease of operation and installation, attributed to its interference-free, unlicensed use of the 60 GHz band and precise control of narrow beam directional antennas. It was also emphasized that partnering with a global leader in enterprise technology and consumer products like Panasonic represents a significant achievement for Pesaro. Moreover, it was noted that the X710 chipset is precisely the type of product capable of meeting the rigorous standards demanded by PSNRD. 

While the partnership with PSNRD marked a significant milestone for Pesaro, the company disclosed another important development on April 4. Pesaro announced it had secured a non-cancelable purchase order valued at $2.88 million. This order was part of the last-time buys associated with the end-of-life initiative for its memory integrated circuit products. As of that date, Pesaro had accumulated purchase orders totaling approximately $16.9 million, with the majority remaining as backlog. The company began fulfilling these orders, with shipments expected to continue through 2025. The announcement also underscored the market's confidence in Pesaro’s legacy solutions and products.

 

Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors with a safe harbor with regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, and assumptions about future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TheStreetReports (TSR) is responsible for the production and distribution of this content."TSR" is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. "TSR" authors, contributors, or its agents, may be compensated for preparing research, video graphics, podcasts and editorial content. "TSR" has not been compensated to produce content related to "Any Companies" appearing herein. As part of that content, readers, subscribers, and everyone viewing this content are expected to read the full disclaimer in our website.

Media Contact
Company Name: The Street Reports
Contact Person: Editor
Email: Send Email
Country: United States
Website: http://www.thestreetreports.com


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 LosAltos.com & California Media Partners, LLC. All rights reserved.