Needham & Company Maintains a 'Hold' on Dot Hill (HILL); In-line Q4; Uptick in Guidance
Tweet
Share
E-mailGet Alerts HILL Hot Sheet
Price: $9.75 --0%
Rating Summary:
6 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 64
Rating Summary:
6 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 64
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Kepler Cheuvreux Upgrades Entain PLC (ENT:LN) (GMVHF) to Buy
- Raymond James Resumes Republic Bancorp (RBCAA) at Market Perform
- Stifel Starts Taiwan Semi (TSM) at Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
