Needham & Company Maintains a 'Buy' on KVH Industries (KVHI); Like Mini-VSAT Broadband Story

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April 12, 2012 7:29 AM EDT
Get Alerts KVHI Hot Sheet
Price: $7.98 +1.01%

Rating Summary:
    4 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 4 | New: 7
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Needham & Company maintains a 'Buy' on KVH Industries (NASDAQ: KVHI) price target of $12.00.

Analyst, Richard Valera, said, "Following a day hosting KVH management in investor meetings, we remain bullish on KVH’s mini-VSAT broadband business. While near-term business trends were not discussed, we came away encouraged regarding KVH’s opportunity to take advantage of some competitive, but very customer-unfriendly moves being made by maritime giant Inmarsat.

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 $10.32 yesterday.

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