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Last $2.42 USD
Change Today -0.14 / -5.47%
Volume 20.5K
IKAN On Other Exchanges
Symbol
Exchange
NASDAQ CM
Munich
As of 8:10 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

ikanos communications inc (IKAN) Snapshot

Open
$2.66
Previous Close
$2.56
Day High
$2.67
Day Low
$2.42
52 Week High
05/27/14 - $5.40
52 Week Low
05/6/15 - $2.42
Market Cap
41.2M
Average Volume 10 Days
13.5K
EPS TTM
$-3.67
Shares Outstanding
17.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IKANOS COMMUNICATIONS INC (IKAN)

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ikanos communications inc (IKAN) Details

Ikanos Communications, Inc. designs, develops, markets, and sells semiconductors and integrated firmware products for the connected home worldwide. It offers various digital subscriber line (DSL) processors and other semiconductor offerings for a range of power carrier infrastructure and customer premises equipment devices. The company also provides gateway processors to address a range of devices for value-added carrier services and high-speed access to the connected home. In addition, it offers multi-mode communications processors for residential gateways that support wide area network topologies for telecom carriers, wireless carriers, and cable multiple system operators, including Ethernet and gigabit Ethernet, passive optical network, DSL, and LTE. Further, the company focuses on the provision of inSIGHT monitoring and diagnostic software. It serves network equipment manufacturers, original design manufacturers, contract manufacturers, and original equipment manufacturers through direct sales and third-party sales representatives, and distributors. The company was incorporated in 1999 and is headquartered in Fremont, California.

235 Employees
Last Reported Date: 03/20/15
Founded in 1999

ikanos communications inc (IKAN) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $400.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $260.0K
Chief Technology Officer and Senior Vice Pres...
Total Annual Compensation: $270.0K
Vice President of Worldwide Human Resources
Total Annual Compensation: $240.0K
Vice President of Worldwide Sales
Total Annual Compensation: $160.7K
Compensation as of Fiscal Year 2013.

ikanos communications inc (IKAN) Key Developments

Ikanos Communications, Inc. and Silicon Valley Bank Enter into Amendment No. 2 to the First Amended and Restated Loan and Security Agreement

On April 30, 2015, Ikanos Communications, Inc. and Silicon Valley Bank (SVB) entered into amendment No. 2 to the First Amended and Restated Loan and Security Agreement dated October 7, 2014. The SVB loan amendment provides, among other things, the following: that SVB agrees to allow the company to enter into Amendment No. 2 to the ALU Loan Agreement; the removal of the LIBOR-based pricing option; an increase in the interest rate margin by 75 basis points; and a final payment fee of $250,000. On April 30, 2015, the company and SVB entered into a Limited Waiver to the SVB Loan Agreement. The Limited waiver provides, among other things, that SVB agrees to waive the company's compliance with the adjusted quick ratio covenant contained in Section 6.7(a) of the SVB loan agreement for the fiscal month ending April 26, 2015, provided that the company is in receipt of the Original Principal Amount under the ALU Loan Agreement on or before May 8, 2015. The company received the $10 million original principal amount under the ALU Loan Agreement on April 30, 2015.

D link Selects the Ikanos Vx500 Fusiv Processor Family for its Next generation Of LTE Routers and Gateways

Ikanos Communications, Inc. announced that D-Link has chosen the Ikanos Fusiv Vx500 family of chipsets to power its next generation of high-performance LTE routers and gateways. The Ikanos Fusiv family of chipsets is built on a common architecture, which allows D-Link to leverage a single investment across its broad portfolio of products ranging from LTE gateways and WiFi routers, to the latest in gigabit ultra-broadband access. D-Link is expected to bring its initial Ikanos-based products to market in the second half of 2015. D-Link selected the Ikanos Fusiv Vx500 family for its high performance, versatility, and scalability to address a wide range of carrier, commercial, and retail products. Equipped with a dedicated offload processor subsystem, the Fusiv Vx575 is capable of supporting LTE data rates reaching upward of 400 Mbps aggregate throughput with minimal impact on the main CPU subsystem. This in turn leaves ample headroom for the high-performance dual-core CPU engine, effectively future-proofing the platform. In addition, the Vx575 architecture is designed to support optimum WiFi performance, supporting dual-band, dual-concurrent Wi-Fi functionality with Gigabit 802.11ac data rates. With Ikanos' common architecture strategy with the Vx500 family, D-Link will offer gateway products with market-leading LTE performance, with a system level design that is easily upgradable to support gigabit wireline connectivity. D-Link's platform strategy will address the growing demand for ultra-broadband services on both wired and wireless broadband networks.

Ikanos Communications, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 29, 2015; Provides Earnings Guidance for the Year 2015

Ikanos Communications, Inc. reported unaudited consolidated earnings results for the first quarter ended March 29, 2015. For the quarter, the company reported revenue for the first quarter of 2015 was $10.2 million, compared to revenue of $14.5 million for the first quarter of 2014 and revenue of $11.5 million for the fourth quarter of 2014. GAAP net loss for the first quarter of 2015 was $12.0 million, or a loss of $0.77 per share compared to a GAAP net loss of $10.3 million, or $1.04 per share for the first quarter of 2014 and a GAAP net loss of $10.4 million, or $0.75 per share for the fourth quarter of 2014. Non-GAAP net loss for the first quarter of 2015 was $10.8 million, or a loss of $0.69 per share compared to a non-GAAP net loss of $9.2 million, or $0.93 per share for the first quarter of 2014 and a non-GAAP loss of $9.3 million, or $0.67 per share for the fourth quarter of 2014. Loss from operations was $11,831,000 compared to $10,420,000 a year ago. Loss before income taxes was $11,939,000 compared to $10,178,000 a year ago. Revenue is expected to be between $10.0 million and $12.0 million for the second quarter of 2015. GAAP gross profit for the second quarter of 2015 is expected to be between 55% and 57%. Non-GAAP gross profit is expected to be between 56% and 58%. GAAP operating expenses for the second quarter of 2015 are expected to be in the range of $17.5 million to $18.5 million. GAAP net loss for the second quarter of 2015 is expected to be in the range of approximately $10.8 million to $13.1 million, or a GAAP loss per share of $0.63 to $0.76. Non-GAAP net loss is expected to be in the range of approximately $9.6 million to $12.0 million, or a non-GAAP loss per share of $0.56 to $0.70.

 

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IKAN

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Valuation IKAN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 1.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.6x
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