Canaccord Genuity Maintains a 'Hold' on Echelon (ELON); Building Towards Breakeven
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Price: $21.88 --0%
Rating Summary:
4 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Hold' on Echelon (NASDAQ: ELON) price target lowered to 8.00.
Analyst, John Quealy, said, "Visibility remains constrained given timing of metering deployments and the bottoming of the building management market. That said, the expansion of the pipeline and reiteration of breakeven in ’12 are notable."
"Our 2012 rev/GAAP/pro forma estimates go to $166.5M/$(0.28)/$0.00 from $162.2M/$(0.26)/$0.00. We introduce 2013 rev/GAAP/pro forma estimates of $176.0M/$(0.18)/$0.10."
For an analyst ratings summary and ratings history on Echelon click here. For more ratings news on Echelon click here.
Shares of Echelon closed at $6.15 yesterday.
Analyst, John Quealy, said, "Visibility remains constrained given timing of metering deployments and the bottoming of the building management market. That said, the expansion of the pipeline and reiteration of breakeven in ’12 are notable."
"Our 2012 rev/GAAP/pro forma estimates go to $166.5M/$(0.28)/$0.00 from $162.2M/$(0.26)/$0.00. We introduce 2013 rev/GAAP/pro forma estimates of $176.0M/$(0.18)/$0.10."
For an analyst ratings summary and ratings history on Echelon click here. For more ratings news on Echelon click here.
Shares of Echelon closed at $6.15 yesterday.
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