Needham & Company Maintains a 'Hold' on Power-One (PWER); Guidance Impacted by Weak Prices and Modest Demand
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Price: $45.05 +0.54%
Rating Summary:
5 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Hold' on Power-One (NASDAQ: PWER).
Needham analyst says, "PWER reported 3Q11 results that largely matched pre-announcement, and provided 4Q11 outlook that was below Street estimates, which was largely expected given modest demand uptick in the near-term. We believe PWER has executed relatively well in the challenging environment, but given our belief that pricing weakness will persist into 1H12, we believe margins will remain limited despite lower costs. As a result, we are keeping our Hold rating and will look for signs of improving market dynamics before getting aggressive...We trim our 2011 non-GAAP EPS est. to $0.68 from $0.78 and 2012 to $0.53 from $0.66."
For more ratings news on Power-One click here and for the rating history of Power-One click here.
Shares of Power-One closed at $4.93 yesterday.
Needham analyst says, "PWER reported 3Q11 results that largely matched pre-announcement, and provided 4Q11 outlook that was below Street estimates, which was largely expected given modest demand uptick in the near-term. We believe PWER has executed relatively well in the challenging environment, but given our belief that pricing weakness will persist into 1H12, we believe margins will remain limited despite lower costs. As a result, we are keeping our Hold rating and will look for signs of improving market dynamics before getting aggressive...We trim our 2011 non-GAAP EPS est. to $0.68 from $0.78 and 2012 to $0.53 from $0.66."
For more ratings news on Power-One click here and for the rating history of Power-One click here.
Shares of Power-One closed at $4.93 yesterday.
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