Needham & Company Maintains a 'Hold' on Multi-Fineline (MFLX); The One That Got Away
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Price: $16.87 --0%
Rating Summary:
0 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 9 | New: 13
Rating Summary:
0 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 9 | New: 13
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Needham & Company maintains a 'Hold' on Multi-Fineline (NASDAQ: MFLX).
Analyst, Richard Kugele, said, "As evidenced by the company’s pre-announcement in January and last night’s solid F2Q/F2H guidance, MFLX recovered much faster than we expected from the component shortages in Thailand. Combined with some level of competitive share gains and a robust market for smartphones and tablets, the company is on track for a much stronger balance of the year. That said, we clearly missed our opportunity in the near-term to upgrade. Until we can gain comfort with higher F13 estimates to justify a larger multiple/target (or the stock pulls back) we must maintain our Hold."
Kugele raises FY12 EPS estimate from $1.65 to $1.77, but slashes FY13 from $2.25 to $1.88.
For an analyst ratings summary and ratings history on Multi-Fineline click here. For more ratings news on Multi-Fineline click here.
Shares of Multi-Fineline closed at $25.38 yesterday.
Analyst, Richard Kugele, said, "As evidenced by the company’s pre-announcement in January and last night’s solid F2Q/F2H guidance, MFLX recovered much faster than we expected from the component shortages in Thailand. Combined with some level of competitive share gains and a robust market for smartphones and tablets, the company is on track for a much stronger balance of the year. That said, we clearly missed our opportunity in the near-term to upgrade. Until we can gain comfort with higher F13 estimates to justify a larger multiple/target (or the stock pulls back) we must maintain our Hold."
Kugele raises FY12 EPS estimate from $1.65 to $1.77, but slashes FY13 from $2.25 to $1.88.
For an analyst ratings summary and ratings history on Multi-Fineline click here. For more ratings news on Multi-Fineline click here.
Shares of Multi-Fineline closed at $25.38 yesterday.
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