Why MACOM (MTSI) Stock Is Up Today
What Happened? Shares of network chips maker MACOM Technology Solutions (NASDAQ: MTSI) jumped 6.6% in the morning session after the company reported solid financial results for its third quarter and provided an optimistic forecast for the upcoming quarter. MACOM announced revenue of 0.94 also surpassed Wall Street's estimates. Looking ahead, the semiconductor supplier issued strong g ...