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The latest announcement is out from Silicom ( (SILC) ).
Silicom Ltd. has secured a design win with a major US-based cyber security company for a customized Edge system, expected to generate $2 million in annual revenue. This expansion signifies the growing trust and reliance on Silicom’s advanced product line, further strengthening its relationships and potentially driving future growth through recurring revenues.
More about Silicom
Silicom Ltd. is a leading provider of high-performance networking and data infrastructure solutions, specializing in enhancing performance and efficiency in Cloud and Data Center environments. Their products, which include networking adapters and virtualized universal CPE devices, are used by major Cloud players, service providers, telcos, and OEMs globally to scale cloud infrastructures and support advanced technologies like NFV, SD-WAN, and Cyber Security.
YTD Price Performance: 14.25%
Average Trading Volume: 33,305
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $107.1M
See more insights into SILC stock on TipRanks’ Stock Analysis page.
