Canaccord Genuity Maintains a 'Hold' on MaxLinear (MXL); Story Intact Despite Revision
Tweet Send to a FriendGet Alerts MXL Hot Sheet
Price: $6.70 -1.18%
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade MXL Now!
Canaccord Genuity maintains a 'Hold' on MaxLinear (NYSE: MXL) price target lowered to $7.00.
Analyst, Jonathan Dorsheimer, said, "A little light on revenue; earnings upside...Ultracap revenue up sequentially...Expectations resetting, shares fairly valued. We continue to believe in the ultracap market, but new high-growth wins such as in transportation are a bit of a missionary sale on COO and thus proving slow to materialize. We believe upside in the near term will likely continue to rely on China wind and hybrids. We are doing more work on these segments and may become more constructive if we can uncover the likelihood of growth beyond current
expectations."
For an analyst ratings summary and ratings history on MaxLinear click here. For more ratings news on MaxLinear click here.
Shares of MaxLinear closed at $4.59 yesterday, with a 52 week range of $3.96-$7.01.
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, Jonathan Dorsheimer, said, "A little light on revenue; earnings upside...Ultracap revenue up sequentially...Expectations resetting, shares fairly valued. We continue to believe in the ultracap market, but new high-growth wins such as in transportation are a bit of a missionary sale on COO and thus proving slow to materialize. We believe upside in the near term will likely continue to rely on China wind and hybrids. We are doing more work on these segments and may become more constructive if we can uncover the likelihood of growth beyond current
expectations."
For an analyst ratings summary and ratings history on MaxLinear click here. For more ratings news on MaxLinear click here.
Shares of MaxLinear closed at $4.59 yesterday, with a 52 week range of $3.96-$7.01.
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
- UPDATE: UBS Downgrades Carnival (CCL) to Neutral; Worst May Not Be Behind
- Jefferies Raises Numbers on hhgregg (HGG), But Remains on Sidelines
- UBS Raises PT on Tesoro (TSO)
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeRelated Entities
Earnings, Canaccord Genuity
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!
