Last $0.84 USD
Change Today 0.00 / 0.00%
Volume 271.9K
IKAN On Other Exchanges
Symbol
Exchange
NASDAQ CM
Munich
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

ikanos communications inc (IKAN) Snapshot

Open
$0.84
Previous Close
$0.84
Day High
$0.85
Day Low
$0.80
52 Week High
04/19/13 - $2.00
52 Week Low
04/17/14 - $0.80
Market Cap
83.0M
Average Volume 10 Days
114.0K
EPS TTM
$-0.40
Shares Outstanding
98.8M
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: $224.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $251.3K
Chief Technology Officer and Senior Vice Pres...
Total Annual Compensation: $267.1K
Vice President of Human Resources
Total Annual Compensation: $237.1K
Compensation as of Fiscal Year 2012.

ikanos communications inc (IKAN) Key Developments

Ikanos Communications Receives Non-Compliance Notice From NASDAQ

On March 18, 2014, Ikanos Communications, Inc. received notification from The NASDAQ Stock Market LLC (“NASDAQ”) indicating that the Company is not in compliance with Nasdaq Marketplace Rule 5550(a)(2), which Rule provides that securities listed by NASDAQ must maintain a minimum closing bid price of $1.00 per share and that based upon the closing bid price for the Company’s securities for the last 30 consecutive business days, the Company no longer meets this requirement. NASDAQ further notified the Company that, in accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company will be provided 180 calendar days, or until September 15, 2014, to regain compliance by achieving a closing bid price of the Company’s securities of at least $1.00 per share for a minimum of ten consecutive business days at any time during the 180 calendar day period. However, there can be no guarantee that the Company will be able to regain compliance with the continued listing requirement of Nasdaq Marketplace Rule 5550(a)(2) within the 180 calendar day period. In the event the Company does not regain compliance by September 15, 2014, NASDAQ also notified the Company that it may be eligible for a second 180 calendar day compliance period provided that the Company continues to meet the continued listing requirements of NASDAQ, with the exception of the bid price requirement, and provides written notice of the Company’s intention to cure the deficiency during the second 180 calendar day compliance period. Even if granted a second 180 calendar day compliance period, there can be no guarantee that the Company will be able to regain compliance with the continued listing requirement of Nasdaq Marketplace Rule 5550(a)(2) within the second 180 calendar day compliance period. The Company intends to actively monitor the closing bid price for its securities through September 15, 2014 and, during this period, will weigh its available options to resolve the deficiency and regain compliance with Nasdaq Marketplace Rule 5550(a)(2).

Ikanos Communications, Inc. Announces Auditor Changes

On March 7, 2014, the Audit Committee of the Board of Directors of Ikanos Communications, Inc. decided not to renew the engagement of PricewaterhouseCoopers LLP and therefore has dismissed PwC as the company’s independent registered public accounting firm, effective immediately. On March 7, 2014, the Audit Committee approved the engagement of Moss Adams LLP as the company’s independent registered public accounting firm for the fiscal year ending December 28, 2014, effective immediately.

Ikanos Communications, Inc. Auditor Raises 'Going Concern' Doubt

Ikanos Communications, Inc. filed its 10-K on Feb 28, 2014 for the period ending Dec 29, 2013. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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IKAN

Industry Average

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 0.4x
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