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The latest update is out from Silicom ( (SILC) ).
On January 30, 2025, Silicom Ltd. reported its financial results for the fourth quarter and full year of 2024, showing a decline in revenues and net losses compared to the previous year. The company generated $17.3 million in cash during 2024, investing $10 million in share repurchases. Despite short-term challenges, Silicom is optimistic about its future growth, with its President and CEO, Liron Eizenman, highlighting strategic achievements and design wins that are expected to drive revenue growth from 2026 onwards. The company projects modest revenue growth for the first quarter of 2025 and aims for strong double-digit growth starting in 2026.
More about Silicom
Silicom Ltd. is an industry-leading provider of high-performance networking and data infrastructure solutions aimed at enhancing performance and efficiency in Cloud and Data Center environments. Their products, which include high-density networking, high-speed fabric switching, offloading, and acceleration solutions, are utilized by major Cloud players, service providers, telcos, and OEMs to improve throughput, decrease latency, and boost server and networking appliance performance. Silicom maintains strong, long-term relationships with over 200 customers worldwide and is a trusted partner for technology leaders.
YTD Price Performance: 15.09%
Average Trading Volume: 36,416
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $103.3M
For a thorough assessment of SILC stock, go to TipRanks’ Stock Analysis page.
