Israeli company EZchip’s fortunes appear to be rebounding.
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EZchip rose 6.7% on June 17th alone and 3.7% overall last week, in part due to Feltl & Co.’s having raised its stock to a “strong buy, ” according to Bloomberg. Analysts feel that the company is highly undervalued and expect its new product line to help it rebound from last year’s slump which saw the firm’s shares drop 26% in their worst showing since 2005.
Overall, Bloomberg Israel-US Equity Index gained 1.3 percent to a two-month high.
Just last week EZchip was named a winner in the Light Reading 2014 Leading Lights awards program in the Outstanding Components Vendor category. The Leading Lights program focuses on next-generation communications technologies, applications, services, and strategies. It rewards the companies that have performed well during the past year. The Leading Lights winners were announced at an awards dinner in Chicago on Tuesday, June 17.
Amir Eyal, the company’s VP of business development said of the award, “EZchip is honored to receive the Leading Lights award for Outstanding Component Vendor, in particular as this is the first year that an award was given in this category. EZchip is expanding its network processor offerings with the NPS family that broadens EZchip’s target market beyond the carrier router vendors, to also include data center equipment vendors and cloud services players. The NPS-400 device offers these vendors 400 Gbit/s performance, C-programmability, Linux operating system, full 7-layer packet processing and numerous hardware accelerators for traffic management, security and DPI, to realize ultra high-performance and high feature velocity and meet the ever increasing challenges of the network.”
Light Reading Editor-in-Chief Ray Le Maistre said, “The standard of the entries in all 16 Leading Lights categories this year was exceptionally high, so the winners have really had to prove themselves worthy with great submissions that have been able to stand up to thorough scrutiny. A Leading Lights award is a true mark of excellence.”
Co founded in 1999 by Eli Fruchter and Alex Tal, EZchip Semiconductor is a fabless semiconductor company that develops and markets Ethernet network processors. Headquartered in Yokneam, Israel, its shares are traded on the NASDAQ and Tel Aviv Stock Exchanges. Until 2008, EZchip operated as a subsidiary of LANOptics. Its shares are fishing trading last week at 25.44.
EZchip offers solutions that scale from several to hundreds of Gigabits-per-second. EZchip’s network processors provide great flexibility and high performance coupled with integration and power efficiency for a wide range of layer 2 to 7 applications in Carrier, Cloud and Data Center networks, to enable new scalable architectures based on Network Virtualization, SDN and NFV.
Light Reading (www.lightreading.com) combines its research-led online communities and targeted events portfolio to help those in the global communications industry make informed decisions. Lightreading.com is a source for telecom analysis for more than 350, 000 subscribers each month, leading the media sector in terms of traffic, content, and reputation. Light Reading produces targeted communications events and focused one-day conferences each year for cable, mobile, and wireline executives across five continents.