Canaccord Genuity Maintains a 'Hold' on Xilinx (XLNX); Lack of Visibility
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Price: $194.92 --0%
Rating Summary:
7 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
7 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Hold' on Xilinx (NASDAQ: XLNX) price target of $28.00.
Canaccord analyst, Bobby Burleson, said, "We are reiterating our HOLD rating on Xilinx following results at the low end of the preannounced range for revenues. Guidance is for another sequential revenue decline in the DecQ, prompting us to reduce our estimates. While three sequential declines for revenue is rare (we are modeling 4% growth for March), a lack of visibility and weak demand downstream pose risks to our revised estimates."
For more ratings news on Xilinx click here and for the rating history of Xilinx click here.
Shares of Xilinx closed at $29.60 yesterday.
Canaccord analyst, Bobby Burleson, said, "We are reiterating our HOLD rating on Xilinx following results at the low end of the preannounced range for revenues. Guidance is for another sequential revenue decline in the DecQ, prompting us to reduce our estimates. While three sequential declines for revenue is rare (we are modeling 4% growth for March), a lack of visibility and weak demand downstream pose risks to our revised estimates."
For more ratings news on Xilinx click here and for the rating history of Xilinx click here.
Shares of Xilinx closed at $29.60 yesterday.
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