Needham & Company Maintains a 'Hold' on Dot Hill (HILL); Preliminary 4Q Slightly Below Street on HDDs;

Needham & Company maintains a 'Hold' on Dot Hill (NASDAQ: HILL).

Analyst, Glenn Hanus, said, "HILL updated its 4Q outlook slightly below Street due to HDD availability although demand was in-line. More importantly, HILL announced a realignment of its R&D efforts to focus on embedded features for a new mid-range line to be available by 3Q. Consolidation among storage providers (ie. Engenio/NTAP) appears to be providing opportunities for HILL to achieve improved rev./EPS and ROI vs. investing further in Cloverleaf sw. HILL believes it can still achieve its Nov’10 stated 2-3 year goals in ’13 based on this restructuring, new products and customer opportunities."

Needham lowers FY11 EPS estimate from (0.02) to (0.03) and FY12 from $0.08 to $0.05.

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

Shares of Dot Hill closed at $1.61 yesterday.

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