Canaccord Genuity Reiterates a 'Hold' on Cascade Microtech (CSCD); In-line Outlook as Bookings Pick Up

Canaccord Genuity reiterates a 'Hold' on Cascade Microtech (NASDAQ: CSCD) price target of $4.00.

Analyst, Bobby Burleson, said, "We reiterate our rating on Cascade following in-line results for revenues, and EPS upside on currency benefits. Book-to-bill is slightly above 1:1 while backlog remains healthy, allowing the company to guide in line with our estimate for revenues, while EPS is lower on slightly higher opex."

For an analyst ratings summary and ratings history on Cascade Microtech click here. For more ratings news on Cascade Microtech click here.

Shares of Cascade Microtech closed at $3.93 yesterday, with a 52 week range of $2.62-$7.00.

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