Why MaxLinear Stock Broke to New Highs Today

·2-min read
Why MaxLinear Stock Broke to New Highs Today

Shares of MaxLinear (NYSE: MXL) were up 17.5% as of 10:59 a.m. EDT on Thursday after strong earnings results in the third quarter. "We see sustained momentum for our Wi-Fi products as operators address strong consumer demand for robust broadband access and connectivity services," CEO Kishore Seendripu said during the Q3 earnings call. Since broadband is MaxLinear's largest business, it was encouraging to see Seendripu express optimism about near-term demand trends.

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