BWS Financial Initiates Coverage on Entropic Communications (ENTR) with a Buy
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BWS Financial initiates coverage on Entropic Communications (Nasdaq: ENTR) with a Buy. Price target $4.
BWS analyst says, "ENTR is an evolving story now that MOCA has become a technology that service providers are seriously considering. We believe that ENTR has secured four service providers thus far for MOCA, and could add one more before the end of the year. The current trend would suggest that 2010 could be a developing year for ENTR in which the Company adds additional service providers to their customer list."
"Many investors were burned in 2008 when there was a lack of development on the service provider side causing ENTR shares to decline precipitously. The current levels allow for an attractive entry point with a lower risk profile than a few months ago, even though the shares were cheaper at that time."
Entropic Communications, Inc. (Entropic Communications), is a fabless semiconductor company that designs, develops and markets systems solutions to enable connected home entertainment.
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