Last $0.33 USD
Change Today +0.0088 / 2.73%
Volume 791.9K
IKAN On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 11/20/14 All times are local (Market data is delayed by at least 15 minutes).

ikanos communications inc (IKAN) Snapshot

Open
$0.33
Previous Close
$0.32
Day High
$0.34
Day Low
$0.32
52 Week High
11/29/13 - $1.39
52 Week Low
10/15/14 - $0.28
Market Cap
46.1M
Average Volume 10 Days
511.9K
EPS TTM
$-0.42
Shares Outstanding
139.3M
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 digital home worldwide. It offers various digital subscriber line (DSL) processors 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 digital 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 wireless broadband. 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.

263 Employees
Last Reported Date: 02/28/14
Founded in 1999

ikanos communications inc (IKAN) Top Compensated Officers

Chief Executive Officer, President and Direct...
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 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.'s Fusiv(R) Chipset Powers New Multi-Mode LTE CPE Platform from Mako Networks

Ikanos Communications, Inc. announced that its powerful Fusiv(R) gateway processor will be featured in Mako Networks' multi-mode LTE CPE platform certified to operate on the Sprint network. This new CPE forms part of Mako's PCI-DSS certified network management system and is optimized to provide the high level of security for payments and other financial transactions across corporate networks. Incorporating redundant network interfaces, the Mako CPE heightens reliability, supporting the ability to fail-over to a secondary LTE connection in the event of a network disruption on its primary network connection. Its multi-mode network interface is complemented by a high-performance, dual-band concurrent Wi-Fi wireless router, a powerful firewall, and a host of other technologies designed to help protect businesses -- including multisite businesses, retailers, and franchise operators that process, store or transmit credit card data. The CPE integrates seamlessly with Mako Networks' cloud-based Central Management System (CMS), allowing centralized remote access from the cloud for network administration and configuration. The introduction of the multi-mode LTE gateway and its certification for deployment on Sprint's network are significant steps for Ikanos, supporting the company's objective to further expand its addressable market to include LTE wireless gateways, augmenting its technology leadership position in wired gateways that are deployed by top-tier carriers worldwide. The Fusiv(R) processor's distributed architecture provides carriers with ample headroom for growth, allowing the chip's host processor to support a breadth of carrier-specific applications while using multiple, dedicated acceleration processors to offload functions as diverse as cloud access, high-performance wireless, content distribution within the home or enterprise, and network-attached storage (NAS).

Ikanos Communications, Inc. Proposes Amendment to Certificate of Incorporation to Increase Authorized Share Capital

Ikanos Communications, Inc. proposed amendment to certificate of incorporation to increase authorized share stock from 200,000,000 to 425,000,000 thereby increasing the authorized number of shares of capital stock, including preferred stock, to 426,000,000. The company also proposed amendments to the 2014 Plan that will provide with a sufficient number of shares to offer competitive equity compensation to employees, consultants, and directors. Company intends to use a portion of these shares to grant awards to current employees after closing the rights offering, so that current employees may maintain their respective ownership percentages generally commensurate with their ownership percentages immediately prior to the private placement which was closed on September 29, 2014.

Ikanos Communications, Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 28, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Ikanos Communications, Inc. announced unaudited consolidated financial results for the third quarter and nine months ended September 28, 2014. The company reported revenue for the third quarter of 2014 was $11.1 million, compared to revenue of $16.9 million for the third quarter of 2013 and revenue of $11.3 million for the second quarter of 2014. GAAP net loss for the third quarter of 2014 was $10.3 million, or a loss of $0.10 per share compared to a GAAP net loss of $8.7 million, or $0.12 per share for the second quarter of 2013 and a GAAP net loss of $12.3 million, or $0.12 per share for the second quarter of 2014. Non-GAAP net loss for the third quarter of 2014 was $9.3 million, or a loss of $0.09 per share compared to a non-GAAP net loss of $7.5 million, or $0.11 per share for the second quarter of 2013 and a non-GAAP loss of $11.3 million, or $0.11 per share for the second quarter of 2014. Loss from operations was $9,970,000 against $8,407,000 for the same period of last year. Loss before income taxes was $10,090,000 against $8,554,000 for the same period of last year. Non-GAAP loss from operations was $8,973,000 against $7,278,000 for the same period of last year. Non-GAAP loss before income taxes was $9,093,000 against $7,425,000 for the same period of last year. For the nine months, revenue was $36,847,000 against $62,167,000 for the same period of last year. Loss from operations was $32,423,000 against $20,904,000 for the same period of last year. Loss before income taxes was $32,430,000 against $21,411,000 for the same period of last year. Net loss was $32,915,000 against $21,754,000 for the same period of last year. Net loss per basic and diluted share was $0.33 against $0.31 for the same period of last year. Non-GAAP loss from operations was $29,271,000 against $17,562,000 for the same period of last year. Non-GAAP loss before income taxes was $29,278,000 against $18,069,000 for the same period of last year. Non-GAAP net loss was $29,763,000 against $18,412,000 for the same period of last year. Non-GAAP net loss per basic and diluted share was $0.30 against $0.26 for the same period of last year. Revenue is expected to be between $10.0 million and $12.0 million for the fourth quarter of 2014. GAAP gross profit for the fourth quarter of 2014 is expected to be between 46% and 48%. Non-GAAP gross profit is expected to be between 47% and 49% for the fourth quarter of 2014. GAAP net loss for the fourth quarter of 2014 is expected to be in the range of approximately $8.5 million to $10.7 million, or a GAAP loss per share of $0.06 to $0.08. Non-GAAP net loss is expected to be in the range of approximately $7.4 million to $9.6 million, or a non-GAAP loss per share of $0.05 to $0.07.

 

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IKAN

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Price/Sales 0.6x
Price/Book 2.0x
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TEV/Sales 0.6x
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