Silicom Announces New Chinese Order
SILC – Silicom Limited (Nasdaq) – (Closing Price – $16.70)
Today Silicom Limited announced an order for $1.8 million from “one of China’s largest domestic server companies, representing its first significant penetration into the vast Chinese market.” The stock traded up over 14% on the news.
This is obviously a positive development for Silicom Limited and the stock price is starting to gain some strong momentum. The company just reported very good fourth quarter results and I wouldn’t even consider selling right now.
Some other stocks in the WAN optimization field that have seen undeserved fifty percent drops from their highs last year are BCSI and RVBD. These two stocks are definitely worth further research.
Disclaimer: I have no position in any of the stocks mentioned.
If you liked this article, you might want to sign up for my FULL RSS FEEDS. Then, you will get my daily posts in your email and can read them at any time. To subscribe CLICK HERE
