Needham & Company Reiterates a 'Buy' on Intermolecular (IMI); 4Q11 Results and Expansion of Guardian Contract Highlight Progress
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Price: $1.20 --0%
Rating Summary:
2 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
Rating Summary:
2 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
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Needham & Company reiterates a 'Buy' on Intermolecular (NASDAQ: IMI) price target of $13.00.
Analyst, Y. Edwin Mok, said, "IMI reported better than expected 4Q11 non-GAAP earnings, and announced the renewal and expansion of the Guardian. With substanital backlog coverage and the renewal of one of two key CDPs, we are increasingly confident about our 2012 revenue estimate. Additionally, we believe IMI is actively pursuing new micro-CDP engagements within the semiconductor markets and beyond. We see several positive catalysts coming in the next few months, and suggest investors buy IMI."
"We raise our 2012 non-GAAP EPS to $0.01 on slightly higher revenue, and keep our 2013 rev/non-GAAP EPS unchanged at $105MM/$0.63."
For an analyst ratings summary and ratings history on Intermolecular click here. For more ratings news on Intermolecular click here.
Shares of Intermolecular closed at $9.01 yesterday.
Analyst, Y. Edwin Mok, said, "IMI reported better than expected 4Q11 non-GAAP earnings, and announced the renewal and expansion of the Guardian. With substanital backlog coverage and the renewal of one of two key CDPs, we are increasingly confident about our 2012 revenue estimate. Additionally, we believe IMI is actively pursuing new micro-CDP engagements within the semiconductor markets and beyond. We see several positive catalysts coming in the next few months, and suggest investors buy IMI."
"We raise our 2012 non-GAAP EPS to $0.01 on slightly higher revenue, and keep our 2013 rev/non-GAAP EPS unchanged at $105MM/$0.63."
For an analyst ratings summary and ratings history on Intermolecular click here. For more ratings news on Intermolecular click here.
Shares of Intermolecular closed at $9.01 yesterday.
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