Dougherty & Co Reiterates a 'Buy' on OCZ Technology Group (OCZ); Expecting Agility, Vertex to Deliver in Q1
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Price: $1.43 --0%
Rating Summary:
6 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
Rating Summary:
6 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
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Dougherty & Co reiterates a 'Buy' on OCZ Technology Group (NASDAQ: OCZ) price target of $13.50.
Analyst, Mark Kelleher, said, "We continue to believe OCZ is at the fore-front of SSD technology, with very strong offerings in the SATA market (Vertex, Agility) as well the PCIe market (Z Drive). Success in the SATA market should allow the company to continue to post solid growth, while success in the PCIe market would put the company into “hyper-growth” mode. While Europe represents a risk, we believe this risk has been more than priced into the valuation."
For Q1 quarter, Kelleher sees EPS of (0.13) and revenues of $115M. For FY13, he raises EPS from $0.09 to $0.16 and revenues from $590M to $600M.
For an analyst ratings summary and ratings history on OCZ Technology Group click here. For more ratings news on OCZ Technology Group click here.
Shares of OCZ Technology Group closed at $6.27 yesterday, with a 52 week range of $4.14-$10.94.
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Analyst, Mark Kelleher, said, "We continue to believe OCZ is at the fore-front of SSD technology, with very strong offerings in the SATA market (Vertex, Agility) as well the PCIe market (Z Drive). Success in the SATA market should allow the company to continue to post solid growth, while success in the PCIe market would put the company into “hyper-growth” mode. While Europe represents a risk, we believe this risk has been more than priced into the valuation."
For Q1 quarter, Kelleher sees EPS of (0.13) and revenues of $115M. For FY13, he raises EPS from $0.09 to $0.16 and revenues from $590M to $600M.
For an analyst ratings summary and ratings history on OCZ Technology Group click here. For more ratings news on OCZ Technology Group click here.
Shares of OCZ Technology Group closed at $6.27 yesterday, with a 52 week range of $4.14-$10.94.
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