Needham & Company Maintains a 'Buy' on KVH Industries (KVHI); Adjusting Numbers To Reflect Recent Developments
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Price: $12.98 +0.39%
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade KVHI Now!
Needham & Company maintains a 'Buy' on KVH Industries (NASDAQ: KVHI) price target of $16.00 (from $12.00).
Analyst, Richard Valera, said, "We view KVH’s mini-VSAT broadband business as one of the more exciting product cycles in our coverage, with revenue growth approaching 50% expected in 2012 and potential for substantial operating leverage in 2H12 post the launch of the new C-band footprint. While there have admittedly been repeated frustrations over the last two years with seemingly steady downward guidance/estimate revisions, we are cautiously optimistic that a combination of increased visibility for G&S afforded by the company’s recent $36MM TACNAV award, and the completion of the mini-VSAT investment cycle, should serve to reverse this trend."
FY13 EPS estimate raised from $0.59 to $0.80. FY13 revenues boosted from $146.6M to $159.6M.
For an analyst ratings summary and ratings history on KVH Industries click here. For more ratings news on KVH Industries click here.
Shares of KVH Industries closed at $12.92 yesterday, with a 52 week range of $6.90-$13.12.
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Analyst, Richard Valera, said, "We view KVH’s mini-VSAT broadband business as one of the more exciting product cycles in our coverage, with revenue growth approaching 50% expected in 2012 and potential for substantial operating leverage in 2H12 post the launch of the new C-band footprint. While there have admittedly been repeated frustrations over the last two years with seemingly steady downward guidance/estimate revisions, we are cautiously optimistic that a combination of increased visibility for G&S afforded by the company’s recent $36MM TACNAV award, and the completion of the mini-VSAT investment cycle, should serve to reverse this trend."
FY13 EPS estimate raised from $0.59 to $0.80. FY13 revenues boosted from $146.6M to $159.6M.
For an analyst ratings summary and ratings history on KVH Industries click here. For more ratings news on KVH Industries click here.
Shares of KVH Industries closed at $12.92 yesterday, with a 52 week range of $6.90-$13.12.
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