Needham & Company Upgrades Dot Hill (HILL) to Buy; Steady Improvement Seen
Get Alerts HILL Hot Sheet
Price: $9.75 --0%
Rating Summary:
6 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 10
Rating Summary:
6 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 10
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Needham & Company upgraded Dot Hill (NASDAQ: HILL) from Hold to Buy with a price target of $2.50 on gradually improving fundamentals.
"Based on its solid position with HP, technology advances/product execution, improved competitive/industry dynamics, substantial evidence of design win success, and traction in key strategic vertical markets (Media/Entertainment, Oil/Gas, Telco, Big Data) that tend to be higher margin and more sustainable than traditional server /storage OEM designs, we believe HILL could finally be on the road toward improving revenue growth and more consistent profitability/cash flow," analyst Glenn Hanus comments. "HILL provided '13 guidance and a '14 outlook (rev growth 13-30%, EPS $0.11-0.40) based on existing design wins, which is key to credibility."
For an analyst ratings summary and ratings history on Dot Hill click here. For more ratings news on Dot Hill click here.
Shares of Dot Hill closed at $1.50 yesterday.
"Based on its solid position with HP, technology advances/product execution, improved competitive/industry dynamics, substantial evidence of design win success, and traction in key strategic vertical markets (Media/Entertainment, Oil/Gas, Telco, Big Data) that tend to be higher margin and more sustainable than traditional server /storage OEM designs, we believe HILL could finally be on the road toward improving revenue growth and more consistent profitability/cash flow," analyst Glenn Hanus comments. "HILL provided '13 guidance and a '14 outlook (rev growth 13-30%, EPS $0.11-0.40) based on existing design wins, which is key to credibility."
For an analyst ratings summary and ratings history on Dot Hill click here. For more ratings news on Dot Hill click here.
Shares of Dot Hill closed at $1.50 yesterday.
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