Needham & Company Reiterates a 'Buy' on OCZ Technology (OCZ); Posts Eighth Consecutive Quarter Of Revenue Growth With Solid F3Q

Needham & Company reiterates a 'Buy' on OCZ Technology Group (NASDAQ: OCZ) price target of $14.00

Needham analyst says, "We remain positive on OCZ, one of our top picks for C2012, as the company is seeing meaningful traction within its key product categories of enterprise, high performance server (and PCIe) and consumer lines. We expect further traction and margin expansion in the coming quarters driven by NAND packaging, enterprise product mix, and acquisitions. With a meaningful short interest, we see strong results precipitating a short squeeze over the course of the year."

Needham raises FY12 revenue estimate from $358.8M to $364.5M and FY13 from $439.2M to $467.7M.

For an analyst ratings summary and ratings history on OCZ Technology Group click here. For more ratings news on OCZ Technology Group click here.

Shares of OCZ Technology Group closed at $8.10 yesterday.

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