Needham & Company Nudges Estimates and Price Target on Inphi Corp. (IPHI); Product Cycles Remain Intact
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Price: $11.41 --0%
Rating Summary:
3 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
3 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade IPHI Now!
Needham & Company maintains a 'Buy' on Inphi Corp. (NYSE: IPHI) price target lowered by $1 to $16.
Analyst, N. Quinn Bolton, said, "Inphi reported 1Q12 results and 2Q12 guidance that are actually better than they first appeared as a warranty charge related to a years-old dispute reduced reported revenue by $750K. 2Q12 revenue guidance was in-line with our estimate but slightly below Street consensus. OPEX, however, was higher than expected and spending will increase as the company invests in new product development, especially its 100GbE SERDES and CDR products."
FY12 EPS estimate cut from $0.32 to $0.23 and FY13 from $0.55 to $0.47.
For an analyst ratings summary and ratings history on Inphi Corp. click here. For more ratings news on Inphi Corp. click here.
Shares of Inphi Corp. closed at $13.69 yesterday, with a 52 week range of $7.13-$21.88.
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Analyst, N. Quinn Bolton, said, "Inphi reported 1Q12 results and 2Q12 guidance that are actually better than they first appeared as a warranty charge related to a years-old dispute reduced reported revenue by $750K. 2Q12 revenue guidance was in-line with our estimate but slightly below Street consensus. OPEX, however, was higher than expected and spending will increase as the company invests in new product development, especially its 100GbE SERDES and CDR products."
FY12 EPS estimate cut from $0.32 to $0.23 and FY13 from $0.55 to $0.47.
For an analyst ratings summary and ratings history on Inphi Corp. click here. For more ratings news on Inphi Corp. click here.
Shares of Inphi Corp. closed at $13.69 yesterday, with a 52 week range of $7.13-$21.88.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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