Why MaxLinear Stock Popped Today

Shares of MaxLinear (NYSE: MXL) have popped today, up by 14% as of 12:20 p.m. EDT, after the company raised its guidance for the second quarter. The analog chipmaker said it is benefiting from the broad shift to remote work caused by the coronavirus pandemic.

Revenue in the second quarter is now expected to be in the range of $65 million to $65.5 million, compared to the prior forecast of $60 million to $64 million in sales.

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Source Fool.com