Needham & Company Maintains a 'Hold' on Zoltek Companies (ZOLT); Wind Storm Brewing?

Needham & Company maintains a 'Hold' on Zoltek Companies, Inc. (NASDAQ: ZOLT).

Needham analyst says, "The company's recent financial results suggest that a 'wind storm' is potentially brewing. If so, this suggests growth times are
ahead for Zoltek with the likelihood of positive operating performance. However, we would like to see more evidence of increasing carbon fiber (CF) uptake or adoption in the industrial markets before potentially becoming more positive on ZOLT shares."

"For fiscal 2012, we are projecting revenue growth of 21% y/y to $183.0 million with operating EPS of $0.18. Our preliminary fiscal 2013 estimates are revenue of $212 million (+16%) and operating EPS of $0.36."

For an analyst ratings summary and ratings history on Zoltek Companies, Inc. click here. For more ratings news on Zoltek Companies, Inc. click here.

Shares of Zoltek Companies, Inc. closed at $9.00 yesterday.

---

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

---

You May Also Be Interested In

• LeonaBio (LONA) Price Target Cut to $17 by Citizens Amid Pipeline Development
• Coherent (COHR) PT Raised to $420 at Needham
• JPMorgan Upgrades Amber Enterprises India Ltd (AMBER:IN) to Overweight