Deutsche Bank Starts EZchip Semiconductor (EZCH) at Buy

Article Stock Quotes (1) Comments (0)

Deutsche Bank initiates coverage on EZchip Semiconductor (NASDAQ: EZCH) with a Buy. PT $42.00.

The firm comments, "EZchip is the undisputed leader in network processors for the carrier Ethernet switch and router market. Its chips are designed into edge routers by six of the top seven vendors, including market leader Cisco's next generation platforms. Design wins suggest that it will enjoy 50-60% market share for chips in edge routers (vs. 10-15% in 2012) as demand for next generation products ramps up in 2013-15e. A long design and product life cycle means that EZchip has high clarity on its medium-term growth prospects. We think it will be worth the wait; given EZchip's high-margin structure, top-line growth should translate into high earnings."

For an analyst ratings summary and ratings history on EZchip Semiconductor click here. For more ratings news on EZchip Semiconductor click here.

Shares of EZchip Semiconductor closed at $33.81 yesterday, with a 52 week range of $27.02-$46.79.

---

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: Applied Materials, Inc. (AMAT) Tops Q2 EPS by 3c, Offers Guidance
• Topeka Capital Starts Precision Castparts (PCP) at Buy
• Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'

Create E-mail Alert Related Categories

Hot New Coverage, New Coverage

Related Entities

Deutsche Bank, Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?