Needham & Company Reiterates a 'Hold' on Pulse Electronics (PULS); Solid 3Q Delivered On Improving Profitability; Potential Wireless Momentum Could Be (Temporarily) Derailed
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Price: $49.63 -0.02%
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 1 | Down: 3 | New: 5
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 1 | Down: 3 | New: 5
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Needham & Company reiterates a 'Hold' on Pulse Electronics (NYSE: PULS).
Needham analyst says, "Overall, PULS is building the potential to have a meaningfully better 2012 if it: (a) executes on improving prospects in its Wireless business; (b) is able to achieve or exceed goals of its cost initiatives; and (c) can exhibit some return to growth in its Network and Power businesses (vs. current conditions). However, as the broader macro environment continues to be spotty at best, we suspect the near-term for PULS may remain challenging and limit the traction desired. Consequently, we reiterate our Hold pending tangible evidence of forward progress."
"Our Dec. est. becomes $92.0M and ($0.02) non-GAAP, vs. our prior $100M and $0.04. For 2011, we are forecasting $371M and $0.07, vs. our prior $387M and $0.08. Our 2012 becomes $405M & $0.30, vs. prior $412 & $0.32."
For an analyst ratings summary and ratings history on Pulse Electronics click here. For more ratings news on Pulse Electronics click here.
Shares of Pulse Electronics closed at $3.27 yesterday.
Needham analyst says, "Overall, PULS is building the potential to have a meaningfully better 2012 if it: (a) executes on improving prospects in its Wireless business; (b) is able to achieve or exceed goals of its cost initiatives; and (c) can exhibit some return to growth in its Network and Power businesses (vs. current conditions). However, as the broader macro environment continues to be spotty at best, we suspect the near-term for PULS may remain challenging and limit the traction desired. Consequently, we reiterate our Hold pending tangible evidence of forward progress."
"Our Dec. est. becomes $92.0M and ($0.02) non-GAAP, vs. our prior $100M and $0.04. For 2011, we are forecasting $371M and $0.07, vs. our prior $387M and $0.08. Our 2012 becomes $405M & $0.30, vs. prior $412 & $0.32."
For an analyst ratings summary and ratings history on Pulse Electronics click here. For more ratings news on Pulse Electronics click here.
Shares of Pulse Electronics closed at $3.27 yesterday.
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