Needham & Company Maintains a 'Buy' on KVH Industries (KVHI); Adjusting Numbers To Reflect Recent Developments
Tweet
Share
E-mailGet Alerts KVHI Hot Sheet
Price: $4.76 -1.04%
Rating Summary:
4 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
4 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Canaccord Genuity Downgrades Antofagasta Plc. (ANTO:LN) (ANFGF) to Hold
- JPMorgan Upgrades STO Express Co Ltd (002468:CH) to Neutral
- Acerinox SA (ACX:SM) (ANIOY) PT Lowered to EUR8.20 at JPMorgan
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
