Whether you know it or not, chances are pretty good that you have a networking chip from Atheros
That's the message from this week's fourth-quarter report, as Atheros' management paid their respects to the usual financial details and then dove straight into exploring the numerous opportunities that lie before the company today. By the way, the results were excellent, starting with 89% year-over-year revenue growth to $186 million and ending with earnings of $0.24 per share -- up from a loss of $0.08 per share a year ago.
Atheros is famous for its wireless networking products, including Wi-Fi solutions adopted by just about every gadgeteer you could think of. PC builders like Dell
That's not to say that Atheros wins every time, of course. Archrival Broadcom
And the company is growing indeed, outpacing the broader industry by a fair bit. This means that Atheros is stealing market share in an already unstoppable growth sector. Furthermore, Atheros is thinking outside the box and integrating powerline networking products in many of its flagship chips (flagchips?) these days. That's possible thanks to the $161 million acquisition of powerline data wrangler Intellon.
CEO Craig Barratt says that Atheros is "at an early stage of rapid growth in the types and number of connected devices throughout the home and office. Put simply, the number of IP addresses in the home and office is increasing exponentially." He is absolutely right, of course.
This Motley Fool Hidden Gems recommendation is sitting pretty with a focused and powerful business at the heart of the home networking explosion.