FBR Capital Maintains an 'Outperform' on The KEYW Holding Corp (KEYW); 1Q2011 Results Lower than Expected--Outlook Remains Solid

FBR Capital maintains an 'Outperform' on The KEYW Holding Corporation (NASDAQ: KEYW), PT $18.

FBR analyst says, "In what we thought would be a decent quarter for revenues and a flat sequential quarter for EPS, KEYW Holdings reported weaker-than-expected 1Q11 results. In the quarter revenues were lower than expected due to lower-than-forecasted product revenues, while earnings were lower than expected due to the lower volumes and higher-than-expected operating costs. As a result of the weaker quarter, we are slightly lowering our 2011 estimates but maintaining our 2012 estimates and our DCF-derived price target of $18. However, given the growth opportunities in cybersecurity, we are maintaining our Outperform rating."

For more ratings news on The KEYW Holding Corporation click here and for the rating history of The KEYW Holding Corporation click here.

Shares of The KEYW Holding Corporation closed at $10.71 yesterday.

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