The stock in post-market trading declined 27%, or $14.66, to $39.85. While Semtech (SMTC) fell 10% to $54.54 during Friday’s trading session, the announcement of its CopperEdge products used in active copper cables being lower than the company’s previously disclosed “floor case” estimate of $50M due to rack architecture changes came after the market closed.
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Read More on SMTC:
- Semtech price target lowered to $65 from $75 at Roth MKM
- Semtech sees 2026 CopperEdge sales below ‘floor’ estimate of $50M
- Buy Recommendation for Semtech Amidst Diverse Growth Opportunities and Short-term Setbacks
- Semtech Revises Sales Expectations for CopperEdge Products
- Semtech sinks after Baird says ‘brace for near-term turbulence’