Needham & Company Raises Estimates on Coinstar (CSTR); Finally Announces Video Streaming Service

Needham & Company maintains a 'Hold' on Coinstar (NASDAQ: CSTR).

Needham analyst says, "Coinstar easily topped its fourth quarter earnings per share guidance, although the upside was much less than it appeared. The more significant news is that the company announced a joint venture with Verizon (NYSE: VZ) to offer a video subscription service. We continue with a hold rating but are raising our 2012 estimate from $4.00 to $4.10.

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

Shares of Coinstar closed at $50.56 yesterday.

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