Image source: Synaptics.
Human interface solutions provider Synaptics (NASDAQ: SYNA) has been struggling this year despite a strong showing in the fiscal second quarter. What’s even more surprising is that the better-than-expected guidance for the current quarter — that calls for revenue growth of 7% from last year — has failed to lift investor sentiment.
In fact, Synaptics’ top line growth has gained momentum in recent quarters. But its stock price hasn’t followed suit as it currently languishes near 52-week lows.