Needham & Company Maintains a 'Buy' on KVH Industries (KVHI); In-Line Qtr; Mini-VSAT Product Cycle Appears Intact

Needham & Company maintains a 'Buy' on KVH Industries (NASDAQ: KVHI) price target raised from $10 to $12.

Needham analyst says, "We view KVH’s mini-VSAT broadband business as one of the more exciting product cycles in our coverage, with revenue growth approaching 50% expected in 2012 and potential for substantial operating leverage in 2H12 post the launch of the new C-band footprint. While there have admittedly been repeated frustrations over the last year+ with downward guidance/estimate revisions, we think the lowered expectations across all of the company’s business should provide a better baseline to execute against in 2012 than has been the case for some time and set the stock up for better performance."

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

Shares of KVH Industries closed at $9.02 yesterday.

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