Brigantine Advisors Maintains a 'Buy' on NetLogic (NETL); Raises Price Target & Estimates
More News related to NETL
- NetLogic Microsystems Powers LG Electronics' High-Performance Automotive Infotainment Solutions with Ultra Low-Power Alchemy(R) Processors
- NetLogic Microsystems Reports Inducement Grants Under NASDAQ Marketplace Rule 5635
- Brigantine Advisors Maintains a 'Buy' on NetLogic (NETL); Raises Price Target & Estimates
- Piper Jaffray Maintains an 'Overweight' on NetLogic Microsystems (NETL); Recent Pullback Presents Buying Opportunity
- After-Hours Movers 11/03: QLTY, PACR, BGCP, TESO Higher; STEC, TRLG, CLRT, CRL, MYGN Lower
Brigantine Advisors maintains a 'Buy' rating on NetLogic (Nasdaq: NETL), raises price target from $44 to $46.
Brigantine analyst says, "NetLogic reported strong Q3 results, with 10% organic growth and upside in the acquired IDT products. RMI has closed and will add growth and diversification, along with a large new market to pursue with an impressive line-up of differentiated products...We are raising revenue targets for virtually all of NetLogic’s organic and acquired product lines, and see lots of momentum for NETL going forward. We believe management’s new 2010 EPS target of $1.75 is conservative and are modeling $1.85. Our price target moves to $46 (prior $44), based on 25X 2010E EPS."
To see more analyst ratings on NETL Click Here.
NetLogic Microsystems, Inc., a fabless semiconductor company, designs, develops, and markets processors and integrated circuits.
Related Categories
Analyst CommentsStocks Mentioned
-0.95Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
