Needham & Company maintains a 'Hold' on Aixtron (AIXG); Needham Growth Conference: Challenging Times Ahead

Needham & Company maintains a 'Hold' on Aixtron (NASDAQ: AIXG).

Needham analyst says, "At the Needham Growth Conference, AIXG management confirmed the challenging business environment, suggesting weak order intake in 4Q11 and persisting through 1H12. We continue to believe the current downturn in the MOCVD space could extend for the next 12-18 months, and see downside to Street's estimates...Not surprisingly, AIXG remains cautious in the near-term, but management is optimistic about long-term prospects...We are not changing our estimates at this time." (Needham sees FY11 EPS of $1.20 and FY12 of $0.32)

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

Shares of Aixtron closed at $13.72 yesterday.

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