2024-05-05 08:36:51 ET
Summary
- Silicon Laboratories released a mixed report on the 24th by surpassing quarterly estimates and falling short on guidance, resulting in a drop in the stock.
- SLAB is making progress regarding the inventory problem, but SLAB acknowledges the problem has yet to be resolved.
- The latest Investor Presentation laid out ambitious targets, which paint a rosy picture for the future, but which may be overly aggressive.
- SLAB is recovering, but it is too early to say SLAB is out of the woods, especially given the recent weakness in the stock.
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Silicon Laboratories: An Uncertain Recovery Outlook Continues To Linger