Needham & Company Maintains a 'Buy' on Majesco Entertainment (COOL); Expecting Strong Growth To Be Evident In F3Q Results
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Price: $20.37 -0.15%
Rating Summary:
1 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 2 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 Majesco Entertainment (NASDAQ: COOL) price target of $5.00.
Needham analyst says, "Majesco will report results for fiscal 3Q (ended July 31) next Tuesday, September 13th after the market closes. We expect results to show continued strong growth in sales and improved EPS, driven mainly by Zumba fitness. We believe sales rose at least 30% and that EPS were at least a breakeven, compared to a non-GAAP loss of $0.04 a year ago. We believe surprises are more likely to be positive, and that positive EPS variances could be added to full year guidance. Looking beyond the next quarter, we believe COOL has a solid product lineup for the holiday season (F1Q’12) and can maintain earnings growth in FY2012 despite more difficult comparisons."
For more ratings news on Majesco Entertainment click here and for the rating history of Majesco Entertainment click here.
Shares of Majesco Entertainment closed at $2.55 yesterday.
Needham analyst says, "Majesco will report results for fiscal 3Q (ended July 31) next Tuesday, September 13th after the market closes. We expect results to show continued strong growth in sales and improved EPS, driven mainly by Zumba fitness. We believe sales rose at least 30% and that EPS were at least a breakeven, compared to a non-GAAP loss of $0.04 a year ago. We believe surprises are more likely to be positive, and that positive EPS variances could be added to full year guidance. Looking beyond the next quarter, we believe COOL has a solid product lineup for the holiday season (F1Q’12) and can maintain earnings growth in FY2012 despite more difficult comparisons."
For more ratings news on Majesco Entertainment click here and for the rating history of Majesco Entertainment click here.
Shares of Majesco Entertainment closed at $2.55 yesterday.
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