5 Stocks With Double-Digit Returns

3. MaxLinear Inc. (NASDAQ:MXL)

MaxLinear extended its winning streak to a 9th straight session on Monday, to hit an over two-year high, as investors resumed buying positions ahead of its earnings performance for the first quarter of the year, with revenues expected to grow by high double digits.

In intra-day trading, the stock climbed to its highest price of $33.13 before paring gains to finish the session just up by 20.78 percent at $31.73 apiece.

In a notice to investors, MaxLinear Inc. (NASDAQ:MXL) said that it would release its financial and operating highlights for the period after market close on Thursday, April 23. A conference call will be held to elaborate on the results.

For the said quarter, MaxLinear Inc. (NASDAQ:MXL) is expected to report a 35.5 percent to 46 percent growth in its revenues to a range of $130 million to $140 million, versus $95.9 million previously.

Gross margin is expected at 56 to 59 percent on a GAAP basis, and at a non-GAAP of 58 to 61 percent.

In other news, MaxLinear Inc. (NASDAQ:MXL) late last month announced a new addition to its industrial connectivity portfolio with the launch of the MxL8323x family of RS-485/RS-422 half-duplex transceivers.

The product was designed to deliver scalable data rates up to 50Mbps, robust ESD and EFT protection, and wide voltage compatibility for electrically harsh industrial applications.