Why Semtech Stock Just Crashed 20%
"With Semtech stock valued at $2.5 billion, burning cash, carrying $1.2 billion in net debt, and still a year away from profitability, it's hard to call this stock a buy today."
That's how I concluded my write-up of Semtech's (NASDAQ: SMTC) earnings report yesterday -- with a caution to investors not to buy the Internet-of-Things stock despite its apparently strong earnings beat. Little did I know how bad things would get -- and how fast.
This morning, Semtech announced CEO Paul Pickle is leaving the company, effective... yesterday.
Source Fool.com
Semtech Corp. Aktie
37,99 €
5,34 %
Die Semtech Corp. Aktie steht ausgezeichnet da: Nur Buy-Einschätzungen und keine Sell-Einschätzungen.
Ein leicht positives Potenzial wird für Semtech Corp. mit einem Kursziel von 44 € im Vergleich zu 37.99 € gesehen.
