Needham & Company Reiterates a 'Buy' on FEI Company (FEIC); Mgmt Outlines Path To Significantly Larger SAM At Annual Investor Meeting
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Price: $106.89 --0%
Rating Summary:
3 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Buy' on FEI Company (NASDAQ: FEIC), raises PT from $42 to $47.
Needham analyst says, "FEIC hosted its annual Investor meeting in New York yesterday, at which management offered a roadmap to double its served
available market by 2014, in part by driving its electron microscope technology into new segments of the Life Science and Natural Resources markets. We believe conditions in the company's core Electronics and Research markets remain healthy. Management reiterated its Q2 and 2011 guidance and raised its long-term target model. FEIC shares, while near their 52-week high, remain attractive, in our view, particularly given potential upside to our estimates."
"FEIC is continuing to guide to Q2 revenue of $195M-$210M (assuming Euro
exchange rate of $1.45), Q2 EPS of $0.55-0.61, and full-year revenue growth of 26% to over $800M. We are maintaining our 2011 EPS estimate at $2.36 and have increased our 2012 EPS estimate to $2.55 from $2.42 on revenue of $833M, up from our prior $803M estimate."
For more ratings news on FEI Company click here and for the rating history of FEI Company click here.
Shares of FEI Company closed at $40.75 yesterday.
Needham analyst says, "FEIC hosted its annual Investor meeting in New York yesterday, at which management offered a roadmap to double its served
available market by 2014, in part by driving its electron microscope technology into new segments of the Life Science and Natural Resources markets. We believe conditions in the company's core Electronics and Research markets remain healthy. Management reiterated its Q2 and 2011 guidance and raised its long-term target model. FEIC shares, while near their 52-week high, remain attractive, in our view, particularly given potential upside to our estimates."
"FEIC is continuing to guide to Q2 revenue of $195M-$210M (assuming Euro
exchange rate of $1.45), Q2 EPS of $0.55-0.61, and full-year revenue growth of 26% to over $800M. We are maintaining our 2011 EPS estimate at $2.36 and have increased our 2012 EPS estimate to $2.55 from $2.42 on revenue of $833M, up from our prior $803M estimate."
For more ratings news on FEI Company click here and for the rating history of FEI Company click here.
Shares of FEI Company closed at $40.75 yesterday.
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