DALLAS, Aug. 6, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring RF Micro Devices Inc. (Nasdaq:RFMD). The report includes financial, comparative and investment analyses, and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/RFMD
The MACD for RFMD currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9-day moving average. Second, the MACD is above 0 which implies that the underlying moving averages are trending higher.
RF Micro Devices Inc. (RFMD) designs and manufactures radio frequency components and compound semiconductors. The Company's products provide connectivity and support functionality in the cellular handset, wireless infrastructure, wireless local area network, cable television/broadband and aerospace, and defense markets. RFMD manufactures gallium arsenide-based compound semiconductors. It accesses silicon, silicon germanium and other technologies through various foundries. The Company operates two synergistic product groups: cellular products group and multi-market products group, both of which focus on RF components with emphasis on compound semiconductor technology. During the fiscal year ended March 28, 2009 (fiscal 2009), the Company's CPG supplied handset original equipment manufacturers and original design manufacturers. On April 26, 2008, the Company completed the acquisition of Universal Microwave Corporation.
Message Board Search for RFMD: http://www.boardcentral.com/boards/RFMD
In the report, the analyst notes:
"RFMD's quarterly revenue increased 51.4% year-over-year and 4.2% sequentially to $260.8 million. On a GAAP basis, gross margin increased sequentially by 130 basis points to 37.7%, quarterly operating income was $36.6 million, and quarterly net income was $26.7 million, or $0.10 per diluted share.
"RFMD is experiencing strength in its addressed markets driven by momentum across cellular, fixed broadband, wireless infrastructure, smart energy and other high-growth semiconductor applications. On July 27, 2010, RFMD announced the Company's fifth consecutive quarter of sequential revenue growth and RFMD's fourth consecutive quarter of record operating income. RFMD is forecasting year-over-year revenue growth in fiscal 2011, supporting double-digit growth in earnings per share and continued strong free cash flow (net cash provided by operating activities during the period minus property and equipment expenditures made during the period)."
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