Needham & Company Maintains a 'Hold' on Power-One (PWER); Respectable Q4 Results, but 2012 Will Be Transitional Year
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Price: $45.42 +1.02%
Rating Summary:
5 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
Rating Summary:
5 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
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Needham & Company maintains a 'Hold' on Power-One (NASDAQ: PWER).
Analyst, Y. Edwin Mok, said, "PWER reported better than expected 4Q11 results but provided 1Q12 guidance that was below Street estimates, which was largely expected given modest demand uptick in the near-term. We believe PWER is taking the right steps to expand its international presence, especially given weakness in Europe. However, this transition will take time and the increased investment in international operations will limit margins, in our view. Therefore, we are keeping our rating and will look for more progress on new markets share gains before getting aggressive."
"We trim our 2012 non-GAAP EPS est. to $0.48 and 2012 to $0.54."
For an analyst ratings summary and ratings history on Power-One click here. For more ratings news on Power-One click here.
Shares of Power-One closed at $4.52 yesterday.
Analyst, Y. Edwin Mok, said, "PWER reported better than expected 4Q11 results but provided 1Q12 guidance that was below Street estimates, which was largely expected given modest demand uptick in the near-term. We believe PWER is taking the right steps to expand its international presence, especially given weakness in Europe. However, this transition will take time and the increased investment in international operations will limit margins, in our view. Therefore, we are keeping our rating and will look for more progress on new markets share gains before getting aggressive."
"We trim our 2012 non-GAAP EPS est. to $0.48 and 2012 to $0.54."
For an analyst ratings summary and ratings history on Power-One click here. For more ratings news on Power-One click here.
Shares of Power-One closed at $4.52 yesterday.
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