UPDATE - GARP Research initiates coverage on Immersion Corp. (Nasdaq: IMMR) with a Buy; Think an Announcement is Imminent
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Price: $7.10 --0%
Rating Summary:
6 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 16 | New: 16
Rating Summary:
6 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 16 | New: 16
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UPDATE - GARP Research initiates coverage on Immersion Corp. (Nasdaq: IMMR) with a Buy rating.
GARP analyst, Rob Furlong, said, "Shares have been cut in half since mid-2011, largely because of delayed design wins for the company’s latest technology. We think an announcement is imminent, but more importantly, revenue should grow at double-digit rates regardless. We expect continued adoption of current products to push 25%+ revenue growth over the next few years, which could produce 55¢ of EPS by 2014."
To See Ratings Summary & History on IMMR, Click Here
GARP analyst, Rob Furlong, said, "Shares have been cut in half since mid-2011, largely because of delayed design wins for the company’s latest technology. We think an announcement is imminent, but more importantly, revenue should grow at double-digit rates regardless. We expect continued adoption of current products to push 25%+ revenue growth over the next few years, which could produce 55¢ of EPS by 2014."
To See Ratings Summary & History on IMMR, Click Here
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