Barclays Raises FY12/13 Estimates on Entropic (ENTR); MoCA Strength A Nice Tailwind

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Barclays maintains an 'Equalweight' on Entropic (NASDAQ: ENTR) price target of $5.00.

Analyst, Blayne Curtis, said the company's preannouncement was a nice boost (June qtr revenues bumped to $81-82M from $75-77M), but Entropic is still a work in progress and there's a lot of work integrating the TRID business.

Barclays raises FY12 EPS/revenue from $0.24/$306M to $0.39/$316.5M. FY13 from $0.37/$391M to $0.53/$392M.

For an analyst ratings summary and ratings history on Entropic click here. For more ratings news on Entropic click here.

Shares of Entropic closed at $5.24 yesterday, with a 52 week range of $3.36-$9.44.

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