Needham & Company Maintains a 'Hold' on Dot Hill (HILL); In-line Q4; Uptick in Guidance
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Price: $9.75 --0%
Rating Summary:
6 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 13 | New: 26
Rating Summary:
6 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 13 | New: 26
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Needham & Company maintains a 'Hold' on Dot Hill (NASDAQ: HILL).
Analyst, Glenn Hanus, said, "HILL continues to progress in its transformation from a low-margin, entry-level, OEM storage array provider to a storage solutions company with a broader customer base and higher GM% products. HILL is realigning its R&D to focus on a new mid-range line to FCS by 3Q. M&A (i.e., Engenio/NTAP) is providing opportunities for HILL to achieve improved rev./EPS and ROI vs. investing further in Cloverleaf sw. HILL reiterated its view that it can achieve its 11/’10 stated 2-3 year goals in ’13 ($0.30+ EPS on $260+M) based on growth from its existing customer base, unannounced wins, new customer opp. and new products."
Needham tweaks FY12 estimates from $0.05 to $0.04 and revs from $$216.5 mln to $216.8mln.
For an analyst ratings summary and ratings history on Dot Hill click here. For more ratings news on Dot Hill click here.
Shares of Dot Hill closed at $1.40 yesterday.
Analyst, Glenn Hanus, said, "HILL continues to progress in its transformation from a low-margin, entry-level, OEM storage array provider to a storage solutions company with a broader customer base and higher GM% products. HILL is realigning its R&D to focus on a new mid-range line to FCS by 3Q. M&A (i.e., Engenio/NTAP) is providing opportunities for HILL to achieve improved rev./EPS and ROI vs. investing further in Cloverleaf sw. HILL reiterated its view that it can achieve its 11/’10 stated 2-3 year goals in ’13 ($0.30+ EPS on $260+M) based on growth from its existing customer base, unannounced wins, new customer opp. and new products."
Needham tweaks FY12 estimates from $0.05 to $0.04 and revs from $$216.5 mln to $216.8mln.
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 $1.40 yesterday.
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