MaxLinear, PAM, Covenant, Plexus Report Earnings Misses

MaxLinear reported a first quarter loss with an EPS of -$0.68, missing analyst expectations by $0.63, and revenue of $92.17 million, also below estimates. The company’s stock has dropped over 55% in the past three months and more than 50% over the last year, reflecting ongoing weak performance, as indicated by its financial health score. Recently, MaxLinear insiders, including Litchfield Steven G and Moyer Albert J, sold significant shares, while analyst sentiment has shifted with several downgrades and lowered price targets. Despite recent gains over the past week, MaxLinear’s stock remains well below its 52-week high, with technical indicators pointing to neutral sentiment. The company has experienced a mix of positive and negative earnings revisions, but the overall trend points to continued challenges for the business.