Raylene holds PMCS 6.36: They set a buy rating and a $14.00 price target on the stock.

Analysts expect that PMC-Sierra will post $0.47 EPS for the current fiscal year. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.11 by $0.02. The company had revenue of $124.80 million for the quarter, compared to the consensus estimate of $133.15 million. Shares of PMC-Sierra ( NASDAQ:PMCS ) opened at 6.63 on Friday. In fact, gross margins during the quarter slipped about 70 basis points from the year-ago period, suggesting that PMC's competitive landscape, particularly in its carrier and storage end markets, is far more intense than Mr.


Dorene:
On average, analysts predict that PMC-Sierra will post $0.48 earnings per share for the current fiscal year.

Gertrude:
Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

Olga:
A number of other firms have also recently commented on PMCS.

Fae:
However, non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures.

Mitzi:
In addition, the measures are used for planning and forecasting of the Company's future periods.

Kelley:
Management uses these measures internally to evaluate the Company's in-period operating performance before gains, losses and other charges that are considered by management to be outside of the Company's core operating results.

Shella:
The Company believes that the additional non-GAAP measures are useful to investors for the purpose of financial analysis.

Jacalyn:
PMC and PMC-SIERRA are registered trademarks of PMC-Sierra, Inc. in the United States and other countries, PMCS and Flashtec are trademarks of PMC-Sierra, Inc.

Alma:
PMC was joined by Baidu, Inspur, Memblaze, Sina and Sugon to discuss the storage technologies and architectures that are powering the China cloud.

Mitsuko:
On June 4, PMC hosted a Storage Technology Summit at the China Cloud Computing Conference in Beijing, China.

Pmc - Sierra (NASDAQ:PMCS)
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