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.

---

Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!

You May Also Be Interested In

• Barclays Maintains an 'Equalweight' on Apollo Commercial Real Estate Finance (ARI); Effectively Using Capital, But Shares Trading In-line Vs. Peers
• Brean Murray Carret & Co. Reiterates a 'Sell' on Urban Outfitters (URBN); Still No Reason For Optimism
• UBS Lowers Estimates and PT on Lowe's (LOW) Messy Q1, But Bullish Case Remains

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Genuity Capital Markets

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?

Follow StreetInsider.com On Twitter