Needham & Company Maintains a 'Strong Buy' on Nova Measuring Instruments (NVMI); Adjusting Estimates in Conjunction With Our Updated Industry Outlook
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Price: $418.12 +1.61%
Rating Summary:
11 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
11 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Strong Buy' on Nova Measuring Instruments (NASDAQ: NVMI), PT $16.
Needham analyst says, "We lower our 2011 revenue/non-GAAP EPS estimates to $112MM/$1.05, and our 2012 estimates to $120MM/$1.19. Our PT remains at $16, which translates to a 2012 P/E of 13.5X."
For more ratings news on Nova Measuring Instruments click here and for the rating history of Nova Measuring Instruments click here.
Shares of Nova Measuring Instruments closed at $10.53 yesterday.
Needham analyst says, "We lower our 2011 revenue/non-GAAP EPS estimates to $112MM/$1.05, and our 2012 estimates to $120MM/$1.19. Our PT remains at $16, which translates to a 2012 P/E of 13.5X."
For more ratings news on Nova Measuring Instruments click here and for the rating history of Nova Measuring Instruments click here.
Shares of Nova Measuring Instruments closed at $10.53 yesterday.
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