Atheros Communications, Inc. (Atheros) is a developer of integrated semiconductor system solutions for communications products. The Company combines its wireless systems and software expertise with high-performance radio frequency, mixed signal and digital semiconductor design skills to provide integrated chipsets that are manufacturable on standard complementary metal-oxide semiconductor processes. Atheros provide a system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. Its product portfolio includes wireless local area network solutions, personal access systems, also referred to as personal handyphone systems, chipsets, and fast and gigabit Ethernet products. On December 18, 2006, Atheros acquired a 87.7% interest in Attansic Technology Corporation.
Analysts at AG Edwards upgrade Atheros Communications Inc (CWS.ETR) from "hold" to "buy." The target price is set to $36.
In a research note published this morning, the analysts mention that Atheros Communications’ share price has declined by 14% since July 23. Some of the concerns that were apparent during Atheros Communications’ earnings announcement appear unjustified, the analysts say. Going forward, the company is likely to benefit from growth in the WiFi access point market, increased share of the Ethernet controllers and switches market, and growth in the embedded WiFi market, AG Edwards adds.
NEW YORK, July 24 (newratings.com) - Analysts at Needham & Co reiterate their "buy" rating on Atheros Communications Inc (CWS.ETR). The target price has been raised from $31 to $34.
