Needham & Company Reiterates a 'Buy' on Analogic (ALOG); Another Good Qtr with Top Line Beat and Improving Business Prospects
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Price: $83.95 --0%
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Buy' on Analogic Corporation (NASDAQ: ALOG) price target of $62.00.
Needham analyst says, "Last night ALOG reported results for F1Q12 ended in October. There was strength in the Medical Imaging business, which topped our estimates, while the always volatile Security business fell a little short. We think new products, strength in the Imaging segment, a coming replacement cycle in the Security business in the U.S. and a regulatory-driven upgrade cycle in Europe will drive revenue over the next couple of years. Notably, after the quarter end, ALOG received a $20 M Security order
that included the first high speed units for the OUS market."
Needham bumps FY12 EPS estimate from $2.21 to $2.30 and FY13 from $3.06 to $3.11.
For an analyst ratings summary and ratings history on Analogic Corporation click here. For more ratings news on Analogic Corporation click here.
Shares of Analogic Corporation closed at $54.91 yesterday.
Needham analyst says, "Last night ALOG reported results for F1Q12 ended in October. There was strength in the Medical Imaging business, which topped our estimates, while the always volatile Security business fell a little short. We think new products, strength in the Imaging segment, a coming replacement cycle in the Security business in the U.S. and a regulatory-driven upgrade cycle in Europe will drive revenue over the next couple of years. Notably, after the quarter end, ALOG received a $20 M Security order
that included the first high speed units for the OUS market."
Needham bumps FY12 EPS estimate from $2.21 to $2.30 and FY13 from $3.06 to $3.11.
For an analyst ratings summary and ratings history on Analogic Corporation click here. For more ratings news on Analogic Corporation click here.
Shares of Analogic Corporation closed at $54.91 yesterday.
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