Needham & Company Maintains a 'Hold' on Daktronics (DAKT); FQ2 EPS Fall Short As Strong Revenue Surprise Offset By Weaker Gross Margins

Needham & Company maintains a 'Hold' on Daktronics (NASDAQ: DAKT).

Needham analyst says, "DAKT posted stronger than expected FQ2 revenues yesterday, although EPS fell short of consensus due to lower than expected gross margins. Bookings increased 15% y/o/y, above our expectations, and management guided to revenues that were above consensus for the seasonally weaker FQ3. With overall demand relatively healthy across its major markets, including Live Events and Commercial (including digital billboards) and a possible new growth leg emerging from architectural displays, one could make a case for becoming more constructive on DAKT at current prices, were it not for lingering concerns about gross margins."

For an analyst ratings summary and ratings history on Daktronics click here. For more ratings news on Daktronics click here.

Shares of Daktronics closed at $9.13 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Coherent (COHR) PT Raised to $420 at Needham
• Wolverine World Wide (WWW) PT Raised to $24 at Needham
• NANO Nuclear Announces Participation in Several Investor Conferences