EZchip value up 11.5% following its Q2 results
13 August, 2015
Total revenues for the first half of 2015 were $55.2 million, an increase of 30%. Eli Fruchter, CEO of EZchip: "The NPS-400 processor remains on track to tape-out this month"
Total revenues for the first half of 2015 were $55.2 million, an increase of 30%. Eli Fruchter, CEO of EZchip: “The NPS-400 processor remains on track to tape-out this month”
EZchip Semiconductor Ltd. (NASDAQ: EZCH), announced that its revenues in the second quarter of 2015 were $28.3 million, an increase of 28% compared to $22.1 million in the second quarter of 2014, and an increase of 5% compared to the first quarter of 2015. Total revenues for the first half of 2015 were $55.2 million, an increase of 30% compared to the six months ended June 30, 2014.
The surprising results sent the stock price of EZchip in NASDAQ up by 11.5%, giving the company $518 million market worth. EZchip from Yokneam, Israel, supply of high-performance processors for carrier and data center networks. Its portfolio includes network processors, multi-core processors, intelligent network adapters, high-performance appliances and a software ecosystem.
“Revenues in the first six months of 2015 saw significant increase compared to the first half of 2014, primarily driven by NP-4/5 and multi-core products”, said Eli Fruchter, CEO of EZchip. “In fact, excluding sales to Cisco and ZTE, revenues to other customers nearly doubled.
“NPS-400 remains on track to tape-out this month with customer samples expected in the fourth quarter of 2015. Interest in NPS remains elevated, and we are very pleased to report five Tier-1 design wins in our new target markets for white boxes and data centers, as well as in our traditional carrier router markets.
“We are seeing changes in the competitive landscape for high-end merchant NPUs, which we believe could lead to a significant strengthening of our market leading position. To the best of our knowledge, there is no NPU-based roadmap within other merchant silicon vendors. This could position EZchip to become the only high-end merchant NPU vendor in the market able to satisfy the growing demand from both traditional networking vendors as well as from new white box customers.”
Major bet on NPS-400
The NPS-400 platform is a revolutionary network processor for smart 400Gbps networks. It can deliver a wide variety of applications for layer 2-3 switching and routing, layer 4-7 stateful session processing, and packet payload manipulation. Main applications include switching, routing, SDN and virtualization of network elements, load balancing, DPI, TCP offload, firewall, VPNs, intrusion detection/prevention and network analytics.
NPS-400 is highly integrated computing platform that include 256 Task Optimized Processors (CTOPs), 4K threads, Traffic Manager, DPI, Security, Search Engine and 960Gbps I/O in one chip. It is C-programmable and run on the Linux operating system. EZchip believes this is the most important processor for the future of the company.