Needham & Company maintains a 'Hold' on FSI International (FSII); Still Waiting for Those ORION Acceptances
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Price: $9.80 --0%
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Needham & Company maintains a 'Hold' on FSI International (NASDAQ: FSII).
Needham analyst says, "FSII reported F2Q11 (Feb) earnings upside on better margins; however, revenue guidance for the May quarter was slightly below the Street and is likely to disappoint investors. Bookings outlook is very strong, although back-end loaded, suggesting that FSII expects to turn some ORION programs into revenue and to see more orders in ANTARES. Given the delays of acceptance of its single-wafer ORION product at multiple customers, we prefer to wait for confirmation of product acceptance before turning aggressive on the name...We raise our FY11 EPS estimate to $0.33 on higher margins but maintain our FY12 EPS of $0.56 on
higher opex."
For more ratings news on FSI International click here and for the rating history of FSI International click here.
Shares of FSI International closed at $3.59 yesterday.
Needham analyst says, "FSII reported F2Q11 (Feb) earnings upside on better margins; however, revenue guidance for the May quarter was slightly below the Street and is likely to disappoint investors. Bookings outlook is very strong, although back-end loaded, suggesting that FSII expects to turn some ORION programs into revenue and to see more orders in ANTARES. Given the delays of acceptance of its single-wafer ORION product at multiple customers, we prefer to wait for confirmation of product acceptance before turning aggressive on the name...We raise our FY11 EPS estimate to $0.33 on higher margins but maintain our FY12 EPS of $0.56 on
higher opex."
For more ratings news on FSI International click here and for the rating history of FSI International click here.
Shares of FSI International closed at $3.59 yesterday.
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