Brean Murray Carret & Co. Maintains a 'Buy' on Xyratex (XRTX); S-T Hiccup, But L-T Potential with Dividend Growth
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Price: $2.06 -4.19%
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Brean Murray Carret & Co. maintains a 'Buy' on Xyratex (NASDAQ: XRTX) price target raised from $18 to $20.
Analyst, Ananda Baruah, said, "Strong Feb Qtr EPS as margins were stronger than anticipated with revenue a tad softer...Guidance is directly in-line with our expectations, although softer than Street - as such, we expect the stock to trade softer...XTRX again increased the dividend to $0.075 qtrly, $0.30 annually - and it stated it is committed to increasing the dividend until it settles in a 2-3%...High Performance Computing (HPC) should generate revenue in 2H12 and holds considerable promise - and we believe Gross Margins may be 20%+ (vs. mid-teens NSS GM currently and perhaps 2x those of XRTX's NetApp (Nasdaq: NTAP) business."
For an analyst ratings summary and ratings history on Xyratex click here. For more ratings news on Xyratex click here.
Shares of Xyratex closed at $17.82 yesterday.
Analyst, Ananda Baruah, said, "Strong Feb Qtr EPS as margins were stronger than anticipated with revenue a tad softer...Guidance is directly in-line with our expectations, although softer than Street - as such, we expect the stock to trade softer...XTRX again increased the dividend to $0.075 qtrly, $0.30 annually - and it stated it is committed to increasing the dividend until it settles in a 2-3%...High Performance Computing (HPC) should generate revenue in 2H12 and holds considerable promise - and we believe Gross Margins may be 20%+ (vs. mid-teens NSS GM currently and perhaps 2x those of XRTX's NetApp (Nasdaq: NTAP) business."
For an analyst ratings summary and ratings history on Xyratex click here. For more ratings news on Xyratex click here.
Shares of Xyratex closed at $17.82 yesterday.
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