Why Lattice Semiconductor (LSCC) Stock Is Down Today

NEW YORK (TheStreet) -- Lattice Semiconductor (LSCC) was falling 5.8% to $6.96 Friday after forecasting below analysts' estimates for the third quarter, and despite beating estimates in the second quarter.

In its third-quarter forecast Lattice Semi said it expects revenue to fall between -8% and -12% sequentially. Analysts surveyed by Thomson Reuters expect revenue to fall just -1% to $98.5 million for the quarter.

For the second quarter, Lattice reported earnings of 10 cents a share, beating analysts' estimates of 9 cents a share by 1 cent. Revenue grew 17.3% from the year-ago quarter to $99.3 million, while analysts expected revenue of $98.6 million for the quarter.

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TheStreet Ratings team rates LATTICE SEMICONDUCTOR CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate LATTICE SEMICONDUCTOR CORP (LSCC) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

LSCC ChartLSCC data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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