Needham & Company Reiterates a 'Buy' on Netlist (NLST); Posts Solid 4Q On Base Business; Ramp on Track
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Price: $5.88 +18.55%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Buy' on Netlist (NASDAQ: NLST) price target of $4.50.
Analyst, Richard Kugele, said, "NLST reported in line 4Q revenue with impressive margins that propelled it to a non-GAAP EPS profit of $0.01 (ex. options). The company reiterated its expectations of strong growth in the back half of 2012, which should begin to materialize as the Romley launch commences and its OEM qualifications bear fruit. In the meantime NLST continues to invest in several other promising products that are expected to drive growth in 2012 and beyond."
"Adjusting estimates slightly. 1Q becomes $16.8M/loss of $0.05 vs. prior $17.3M/loss of $0.05. 2012 estimates become $81.3M/loss of $0.08 vs. prior $81M/loss of $0.07. Introducing 2013 est. of $102M/$0.13, noting that forecasting accuracy is limited."
For an analyst ratings summary and ratings history on Netlist click here. For more ratings news on Netlist click here.
Shares of Netlist closed at $3.75 yesterday.
Analyst, Richard Kugele, said, "NLST reported in line 4Q revenue with impressive margins that propelled it to a non-GAAP EPS profit of $0.01 (ex. options). The company reiterated its expectations of strong growth in the back half of 2012, which should begin to materialize as the Romley launch commences and its OEM qualifications bear fruit. In the meantime NLST continues to invest in several other promising products that are expected to drive growth in 2012 and beyond."
"Adjusting estimates slightly. 1Q becomes $16.8M/loss of $0.05 vs. prior $17.3M/loss of $0.05. 2012 estimates become $81.3M/loss of $0.08 vs. prior $81M/loss of $0.07. Introducing 2013 est. of $102M/$0.13, noting that forecasting accuracy is limited."
For an analyst ratings summary and ratings history on Netlist click here. For more ratings news on Netlist click here.
Shares of Netlist closed at $3.75 yesterday.
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