Imperial Capital Raises Price Target on Control4 (CTRL) Following 3Q Report

November 7, 2016 7:00 AM EST
Get Alerts CTRL Hot Sheet
Price: $11.34 +0.62%

Rating Summary:
    2 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 29 | Down: 30 | New: 23
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Imperial Capital reiterated an In-Line rating on Control4 Corporation (NASDAQ: CTRL), and raised the price target to $12.00 (from $11.00), following the company's 3Q earnings report. Revenue was reported at $55.2mn, ahead of $53.7mn estimates. Diluted EPS of $0.26 also beat estimates of $0.22.

Analyst Jeff Kessler commented, "On 11/3/16, Control4 reported 3Q16 results with revenue of $55.2mn, up 27% year-over-year (yoy) from $43.6mn, and above our estimate of $53.7mn. Diluted EPS of $0.26 was up from $0.14 during the same period last year, and above our estimate of $0.22. Management improved non-GAAP gross margin to 52.5%, up sequentially from 52.4%, and above our estimate of 52.2%. This is the third quarter in a row that company earnings have exceeded our estimates."

For an analyst ratings summary and ratings history on Control4 Corporation click here. For more ratings news on Control4 Corporation click here.

Shares of Control4 Corporation closed at $11.35 yesterday.

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