BWS Financial Maintains a 'Buy' on Entropic (ENTR); End to VZ strike a Positive Catalyst
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Price: $15.31 --0%
Rating Summary:
4 Buy, 7 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 7 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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BWS Financial maintains a 'Buy' on Entropic (NASDAQ: ENTR) price target of $15.00.
BWS analyst said, "The decision by Verizon (NYSE: VZ)(No Rating) workers to go back to work could become a positive catalyst for Entropic shares. ENTR had issued a lower than expected revenue forecast for the third quarter because VZ had reduced orders for set-top boxes and modems to a bare minimum in light of the potential strike. The strike lasted fourteen days, and with the workers going back to work there could be some improvement in order flow to ENTR. Of course, the true positive catalyst to the topline would come from an official ratification of a new contract between VZ and its workers to remove the risk of another strike in coming weeks if there is no resolution."
For more ratings news on Entropic click here and for the rating history of Entropic click here.
Shares of Entropic closed at $3.61 yesterday.
BWS analyst said, "The decision by Verizon (NYSE: VZ)(No Rating) workers to go back to work could become a positive catalyst for Entropic shares. ENTR had issued a lower than expected revenue forecast for the third quarter because VZ had reduced orders for set-top boxes and modems to a bare minimum in light of the potential strike. The strike lasted fourteen days, and with the workers going back to work there could be some improvement in order flow to ENTR. Of course, the true positive catalyst to the topline would come from an official ratification of a new contract between VZ and its workers to remove the risk of another strike in coming weeks if there is no resolution."
For more ratings news on Entropic click here and for the rating history of Entropic click here.
Shares of Entropic closed at $3.61 yesterday.
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