Dougherty's Market Checks Indicate GeoEye (GEOY) Won a Value-Added Service Contract
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Price: $35.83 --0%
Rating Summary:
1 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Dougherty & Co is reiterating its Buy rating and $50 price target on shares of GeoEye (NASDAQ: GEOY) as market checks indicate that the won was awarded alue-added services contract similar to the $38 million one that DigitalGlobe (NYSE: DGI) announced on October 5.
An analyst at the firm comments, "We expect GeoEye to announce the win within the next week or so. If the amount were similar to DigitalGlobe's, it would represent at least $15 million in upside to our FY12 revenue estimates, or 4% of total revenue."
For more ratings news on GeoEye click here and for the rating history of GeoEye click here.
Shares of GeoEye closed at $34.57 yesterday.
An analyst at the firm comments, "We expect GeoEye to announce the win within the next week or so. If the amount were similar to DigitalGlobe's, it would represent at least $15 million in upside to our FY12 revenue estimates, or 4% of total revenue."
For more ratings news on GeoEye click here and for the rating history of GeoEye click here.
Shares of GeoEye closed at $34.57 yesterday.
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