Canaccord Genuity Maintains a 'Hold' on Rubicon Technology (RBCN); Q2 Beat, But Waiting on Adoption

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Canaccord Genuity maintains a 'Hold' on Rubicon Technology (NASDAQ: RBCN) price target of $10.00.

Analyst, Jonathan Dorsheimer, said, "Rubicon beat on Q2 but guided a little below Street expectations. Revenues were $17.0M compared to consensus of $16.4M and our $16.5M. EPS were ($0.06) compared to consensus and our ($0.12)...2” and 4” prices remain depressed...SoS gaining traction, but need LED pickup to drive upside."

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

Shares of Rubicon Technology closed at $10.70 yesterday, with a 52 week range of $8.20-$14.52.

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