Needham & Company Reiterates a 'Buy' on OCZ Technology Group (OCZ); Likely To Post Solid F1Q Results; Raising Estimates

Needham & Company reiterates a 'Buy' on OCZ Technology Group (NASDAQ: OCZ), PT $13.

Needham analyst says, "We remain positive on OCZ as the company continues to gain sales momentum with both OEMs and the channel, driven by among the broadest product lines in the industry today. Given the company’s expanding proprietary controller technology, the increasing sales momentum, and the margin expansion story set to play out in 2HF12 into F13, we reiterate our Buy."

"We are increasing our F1Q estimates to $71M and breakeven. For F12, raising estimates to $330M (the upper-end of previous revenue guidance) and EPS $0.24, vs. our $314M and $0.20. F13 remains (for the moment) at $404M and $0.50."

For more ratings news on OCZ Technology Group click here and for the rating history of OCZ Technology Group click here.

Shares of OCZ Technology Group closed at $7.08 yesterday.

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