Canaccord Adams Initiates Coverage on Atheros Communications (ATHR) with a Hold
ATHR Hot Sheet
Rating Summary:5 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Canaccord Adams initiates coverage on Atheros Communications (Nasdaq: ATHR) with a Hold. Price target $19.
Canaccord analyst says, "We believe Atheros is seeing strength in Q2, which should drive upside to consensus estimates and a healthy Q3 outlook. However, checks indicate this strength has been driven in part by supply constraints, which are expected to ease in late July or early August, possibly prompting a slowdown in bookings. Furthermore, we believe pricing pressure on 802.11 products may hamper Atheros’ gross margins in the second half 2009...Revenue: Q2/09E $105 million; C2009E $417.9 million; C2010E $480 million; EPS: Q2/09E $0.14; C2009E $0.55; C2010E $0.84."
To see more analyst ratings on ATHR Click Here.
Atheros Communications, Inc. (Atheros) is engaged in providing technologies for the wireless and wired communications products that are used by a broad base of customers, including manufacturers of personal computers (PCs), networking equipment and consumer electronics devices.
Canaccord analyst says, "We believe Atheros is seeing strength in Q2, which should drive upside to consensus estimates and a healthy Q3 outlook. However, checks indicate this strength has been driven in part by supply constraints, which are expected to ease in late July or early August, possibly prompting a slowdown in bookings. Furthermore, we believe pricing pressure on 802.11 products may hamper Atheros’ gross margins in the second half 2009...Revenue: Q2/09E $105 million; C2009E $417.9 million; C2010E $480 million; EPS: Q2/09E $0.14; C2009E $0.55; C2010E $0.84."
To see more analyst ratings on ATHR Click Here.
Atheros Communications, Inc. (Atheros) is engaged in providing technologies for the wireless and wired communications products that are used by a broad base of customers, including manufacturers of personal computers (PCs), networking equipment and consumer electronics devices.
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