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Change Today +0.021 / 0.88%
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As of 12:17 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

vitesse semiconductor corp (VTSN) Snapshot

Open
€2.36
Previous Close
€2.38
Day High
€2.40
Day Low
€2.36
52 Week High
03/18/14 - €3.27
52 Week Low
12/13/13 - €1.77
Market Cap
162.8M
Average Volume 10 Days
60.0
EPS TTM
--
Shares Outstanding
67.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VITESSE SEMICONDUCTOR CORP (VTSN)

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vitesse semiconductor corp (VTSN) Details

Vitesse Semiconductor Corporation designs, develops, and markets various semiconductor products for carrier and enterprise networking applications worldwide. The company provides carrier Ethernet switch engines, including mobile access equipment, such as base stations, small cells, fiber, and microwave wireless backhaul products, as well as Ethernet access devices for delivering business services; and enterprise Ethernet switches for cloud access, desktop, workgroup, and LAN infrastructure to migrate to gigabit Ethernet speeds. It also offers Ethernet media access controllers; gigabit Ethernet copper and dual-media transceivers, including single, quad, and octal devices that allow transmission of 10/100/1000 BASE-T data over category 5 copper cable and fiber optic cabling for use in personal computing, home electronics, and LAN applications; and SynchroPHY gigabit Ethernet copper and dual-media transceivers. In addition, the company provides various connectivity products comprising mixed-signal physical layer devices for the connection of systems through optical fibers, copper cables, or backplanes; and physical media devices, crosspoint switches, and signal integrity devices. Further, it offers transport processing products consisting of framers and mappers for SONET/SDH, Ethernet-over-SONET, and OTN applications. The company markets and sells its products directly to networking original equipment manufacturers and original design manufacturers, as well as through third-party electronic component distributors and manufacturing service providers. Vitesse Semiconductor Corporation was founded in 1984 and is headquartered in Camarillo, California.

331 Employees
Last Reported Date: 12/5/13
Founded in 1984

vitesse semiconductor corp (VTSN) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $387.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $285.0K
Chief Technical Officer and Vice President of...
Total Annual Compensation: $235.0K
Compensation as of Fiscal Year 2013.

vitesse semiconductor corp (VTSN) Key Developments

Vitesse Semiconductor Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Provides Earnings Guidance for the Fourth Quarter Ending September 30, 2014

Vitesse Semiconductor Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported net revenues were $27,151,000 compared to $26,418,000 for the same period a year ago. Loss from operations was $2,527,000 compared to $4,291,000 for the same period a year ago. Loss before income tax was $4,055,000 compared to $6,305,000 for the same period a year ago. Net loss was $4,388,000 or $0.07 per basic and diluted share compared to $6,434,000 or $0.17 per basic and diluted share for the same period a year ago. Non-GAAP net loss was $2,714,000 or $0.04 per basic and diluted share compared to $5,198,000 or $0.13 per basic and diluted share for the same period a year ago. Non-GAAP loss from operations was $853,000 compared to $3,055,000 for the same period a year ago. GAAP operating loss was $2.5 million. Non-GAAP operating loss was $900,000, a reduction of 68% compared to the $2.7 million in the second quarter and $3.1 million in the prior year quarter. Cash used by operations totaled $3 million. Investing activities, net, including capital expenditures and payment for IP licenses, totaled $500,000. For the nine months, the company reported net revenues were $79,826,000 compared to $76,898,000 for the same period a year ago. Loss from operations was $9,120,000 compared to $11,982,000 for the same period a year ago. Loss before income tax was $15,531,000 compared to $17,103,000 for the same period a year ago. Net loss was $15,590,000 or $0.27 per basic and diluted share compared to $16,313,000 or $0.47 per basic and diluted share for the same period a year ago. Non-GAAP net loss was $9,263,000 or $0.16 per share compared to $13,545,000 or $0.39 per share for the same period a year ago. Non-GAAP loss from operations was $4,387,000 compared to $8,411,000 for the same period a year ago. Total debt was $48.7 million, compared to $60.8 million. Cash and restricted cash were $71.6 million, compared to $69.0 million. For the fourth quarter of fiscal year 2014, ending September 30, 2014, the company expected revenue to be in the range of $26.5 million to $29.0 million and product margins to be between 56% and 58%. Capital expenditures expected total of about $300,000 to $400,000 in the fiscal fourth quarter.

Vitesse Semiconductor Introduces SparX-IV Family of New Ethernet Switches

Vitesse Semiconductor has introduced its VSC7442, VSC7444 and VSC7448, its SparX-IV family of new ethernet switches optimized for 802.11ac WLAN Enterprise deployments. Ideal for Gigabit Wi-Fi access and aggregation, the new SparX-IV Ethernet switches are also well-suited for industrial Internet of Things (IoT) applications including motion control, factory automation and smart grid. There's a sizeable price and power penalty by going to 10G uplinks, requiring Enterprises to install new cabling to enable the higher total bandwidth. Vitesse's new SparX-IV Ethernet switch family optimizes the aggregation switch bandwidth and port counts to actual deployment scenarios. This gives Enterprises a logical way to work within their existing infrastructures, while enabling Gigabit capabilities for their users. Vitesse's SparX-IV Ethernet switches deliver advanced feature integration including: high density port configurations; sophisticated traffic classification; and expanded Routing & Layer 3 support. The SparX-IV Ethernet switches can be flexibly configured based on connectivity needs for 1G or 2.5G Ethernet uplinks. Featuring a highly optimized TCAM architecture with more classification capabilities than the competition, the SparX-IV family readily enables policy management and policy-based traffic engineering. With added Layer 3 routing support, the SparX-IV Ethernet switches offer larger routing tables than comparable options, giving customers unprecedented flexibility in Quality of Service (QoS) and IPv4/IPv6 routes; and The SparX-IV family is industrial-hardened for rugged environments: industrial temperature range support for operating temperatures of -40°C to 125°C; VeriTime IEEE 1588 timing and synchronization; and hardware-based failover performance.

Vitesse Semiconductor Corp., Q3 2014 Earnings Call, Aug 05, 2014

Vitesse Semiconductor Corp., Q3 2014 Earnings Call, Aug 05, 2014

 

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Price/Earnings NM Not Meaningful
Price/Sales 1.9x
Price/Book 7.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.0x
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