Needham & Company Maintains a 'Buy' on Novellus (NVLS); Adjusting Estimates in Conjunction With Our Updated Industry Outlook
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Price: $2.40 --0%
Rating Summary:
1 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Buy' on Novellus (NASDAQ: NVLS), PT $41.
Needham analyst says, "We lower our 2011 revenue/non-GAAP EPS estimates to $1.45B/$3.34, and our 2012 estimates to $1.50B/$3.68. Our PT remains at $41, which translates to a 2012 P/E of 11X."
For more ratings news on Novellus click here and for the rating history of Novellus click here.
Shares of Novellus closed at $36.24 yesterday.
Needham analyst says, "We lower our 2011 revenue/non-GAAP EPS estimates to $1.45B/$3.34, and our 2012 estimates to $1.50B/$3.68. Our PT remains at $41, which translates to a 2012 P/E of 11X."
For more ratings news on Novellus click here and for the rating history of Novellus click here.
Shares of Novellus closed at $36.24 yesterday.
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