Nomura Securities Maintains a 'Neutral' on ARM Holdings (ARMH); Solid Quarter
Tweet Send to a FriendGet Alerts ARMH Hot Sheet
Price: $45.82 --0%
Rating Summary:
11 Buy, 10 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 19
Rating Summary:
11 Buy, 10 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 19
Trade ARMH Now!
Nomura Securities maintains a 'Neutral' on ARM Holdings (NASDAQ: ARMH), PT 580p.
Analyst, Carmen Boyero, said, "ARM reported a very solid set of numbers this morning, beating the lowered market expectations. Revenues were particularly strong in the processor segment, both in licensing and royalty revenues, driving gross and operating margins significantly above expectations despite the higher-than-expected operating expense. The adoption of ARM technology remains robust, with 25 processor licenses signed, and a backlog that ended up 20% in the quarter. Outlook for Q1 and full-year 2012 was, however, surprisingly cautious in spite of the strong beat. Management is typically conservative with guidance, but this time concerns around the macro-environment and industry confidence seem higher to us."
For an analyst ratings summary and ratings history on ARM Holdings click here. For more ratings news on ARM Holdings click here.
Shares of ARM Holdings closed at $28.36 yesterday, with a 52 week range of $22.10-$32.18.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Carmen Boyero, said, "ARM reported a very solid set of numbers this morning, beating the lowered market expectations. Revenues were particularly strong in the processor segment, both in licensing and royalty revenues, driving gross and operating margins significantly above expectations despite the higher-than-expected operating expense. The adoption of ARM technology remains robust, with 25 processor licenses signed, and a backlog that ended up 20% in the quarter. Outlook for Q1 and full-year 2012 was, however, surprisingly cautious in spite of the strong beat. Management is typically conservative with guidance, but this time concerns around the macro-environment and industry confidence seem higher to us."
For an analyst ratings summary and ratings history on ARM Holdings click here. For more ratings news on ARM Holdings click here.
Shares of ARM Holdings closed at $28.36 yesterday, with a 52 week range of $22.10-$32.18.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Apple (AAPL), Samsung Could Crumble Under High-End Smartphone Pressure
- Needham & Company Maintains Underpform on HP (HPQ), Says Positives Priced In
- Compuware (CPWR) Estimates Trimmed, PT Raised at Jefferies
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Nomura
Login with Facebook
Sign 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!
