Needham & Company Maintains a 'Buy' on Synacor (SYNC); Adjusting FY Estimates
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Price: $2.19 --0%
Rating Summary:
2 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Buy' on Synacor (NASDAQ: SYNC) price target of $8.00.
Analyst, Laura Martin, said, "We adjust our FY12 estimates to reflect 1Q12 actual results, management comments made on the earnings call and updated FY12 guidance. As a result, we raise our FY12 revenue by 1.6% to $125.9mm, and we raise our EPS by $0.02 to $0.16."
For an analyst ratings summary and ratings history on Synacor click here. For more ratings news on Synacor click here.
Shares of Synacor closed at $7.38 yesterday.
Analyst, Laura Martin, said, "We adjust our FY12 estimates to reflect 1Q12 actual results, management comments made on the earnings call and updated FY12 guidance. As a result, we raise our FY12 revenue by 1.6% to $125.9mm, and we raise our EPS by $0.02 to $0.16."
For an analyst ratings summary and ratings history on Synacor click here. For more ratings news on Synacor click here.
Shares of Synacor closed at $7.38 yesterday.
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