Needham & Company Maintains a 'Hold' on Dot Hill (HILL); Preliminary 4Q Slightly Below Street on HDDs;
HILL Hot Sheet
Rating Summary:2 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 11 | New: 38
Needham & Company maintains a 'Hold' on Dot Hill (NASDAQ: HILL).
Analyst, Glenn Hanus, said, "HILL updated its 4Q outlook slightly below Street due to HDD availability although demand was in-line. More importantly, HILL announced a realignment of its R&D efforts to focus on embedded features for a new mid-range line to be available by 3Q. Consolidation among storage providers (ie. Engenio/NTAP) appears to be providing opportunities for HILL to achieve improved rev./EPS and ROI vs. investing further in Cloverleaf sw. HILL believes it can still achieve its Nov’10 stated 2-3 year goals in ’13 based on this restructuring, new products and customer opportunities."
Needham lowers FY11 EPS estimate from (0.02) to (0.03) and FY12 from $0.08 to $0.05.
For an analyst ratings summary and ratings history on Dot Hill click here. For more ratings news on Dot Hill click here.
Shares of Dot Hill closed at $1.61 yesterday, with a 52 week range of $1.19-$3.86.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
Analyst, Glenn Hanus, said, "HILL updated its 4Q outlook slightly below Street due to HDD availability although demand was in-line. More importantly, HILL announced a realignment of its R&D efforts to focus on embedded features for a new mid-range line to be available by 3Q. Consolidation among storage providers (ie. Engenio/NTAP) appears to be providing opportunities for HILL to achieve improved rev./EPS and ROI vs. investing further in Cloverleaf sw. HILL believes it can still achieve its Nov’10 stated 2-3 year goals in ’13 based on this restructuring, new products and customer opportunities."
Needham lowers FY11 EPS estimate from (0.02) to (0.03) and FY12 from $0.08 to $0.05.
For an analyst ratings summary and ratings history on Dot Hill click here. For more ratings news on Dot Hill click here.
Shares of Dot Hill closed at $1.61 yesterday, with a 52 week range of $1.19-$3.86.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- UBS Maintains a 'Buy' on Express Inc. (EXPR); A Misstep, But Still A Consistent Performer
- Goldman Sachs Boosts Target on Williams-Sonoma (WSM) On Signs of Stabilization
- UBS Maintains a 'Buy' on Ralph Lauren (RL); Taking A More Conservative Approach
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated 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!
