Needham & Company Reiterates a 'Buy' on Mentor Graphics (MENT); Strong 3QF12 Results and Improved Bookings Outlook
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Price: $37.25 --0%
Rating Summary:
2 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
2 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Needham & Company reiterates a 'Buy' on Mentor Graphics (NASDAQ: MENT) price target raised $1 to $16.
Needham analyst says, "Much like Cadence, which reported a month before it, Mentor put up very solid 3QF12 results, including an improved overall bookings outlook for the year. Management noted seeing no signs of slowing in its business, including emulation—historically the most cyclically sensitive EDA spending category. While we expect macro headwinds/headlines are likely to keep investors skeptical on the sustainability of the recent strength in the EDA sector, we continue to see EDA as a more resilient and defensive way to play the secular trend of increasing semiconductor penetration."
For an analyst ratings summary and ratings history on Mentor Graphics click here. For more ratings news on Mentor Graphics click here.
Shares of Mentor Graphics closed at $11.41 yesterday.
Needham analyst says, "Much like Cadence, which reported a month before it, Mentor put up very solid 3QF12 results, including an improved overall bookings outlook for the year. Management noted seeing no signs of slowing in its business, including emulation—historically the most cyclically sensitive EDA spending category. While we expect macro headwinds/headlines are likely to keep investors skeptical on the sustainability of the recent strength in the EDA sector, we continue to see EDA as a more resilient and defensive way to play the secular trend of increasing semiconductor penetration."
For an analyst ratings summary and ratings history on Mentor Graphics click here. For more ratings news on Mentor Graphics click here.
Shares of Mentor Graphics closed at $11.41 yesterday.
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