Key Developments in July
Peraso Inc. (NASDAQ: PRSO), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, announced a significant breakthrough in July. Tachyon Networks decided to expand its antenna kits to enhance the TNA-303X 60 GHz terminal, powered by Peraso’s X720 chipsets and mmWave Perspectus modulus. These kits operate in the license-free 60 GHz band, addressing the rising demand for reliable broadband solutions. Tachyon’s products are key components of the growing WISPs (Wireless Internet Service Providers) market, connecting users to Wi-Fi via specific access points.
Sector Impact
Management believes they are creating a paradigm shift in the wireless industry, affecting multiple sectors including telecommunications, mobile devices, security systems, smart home technology, and industrial automation. Enhanced connectivity and performance in these areas will drive significant advancements and efficiencies across these diverse applications.
Insights from Leadership
CEO Ron Glibbery and CFO Jim Sullivan recently discussed Peraso's progress in an Alpha Wolf interview. They highlighted Peraso’s advancements in wireless technology and the company's major customer, Ubiquity, a leading OEM. The CEO emphasized the anticipated continued demand for Peraso’s technology from service providers utilizing Ubiquity products. Watch the entire interview now!
Stock Performance and Market Analysis
On July 29, Zacks released a research report highlighting Peraso’s strong stock momentum, noting a 9.3% gain over 12 weeks and a beta of 1.82. The report also pointed out the stock’s attractive valuation, with a price-to-sales ratio of only 0.36, indicating a bargain for investors. Read entire news article now!
Financial Results Announcement
Peraso will announce its fiscal second-quarter financial results on August 12, 2024, after market close. A conference call will follow at 1:30 PM Pacific Time, available live on the Peraso corporate website.
Other Companies in these sector(s) to watch now:
Here are four public companies under $10 in the mentioned sectors showing strong market trends and awareness: Inseego Corp. (NASDAQ: INSG), Sonim Technologies Inc. (NASDAQ: SONM), A10 Networks, Inc. (NYSE: ATEN), iRobot Corporation (NASDAQ: IRBT). These companies are actively involved in their respective sectors, demonstrating market trends and awareness through their innovative products and services.
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