Needham & Company Maintains a 'Hold' on Hittite Microwave (HITT); Looking For A Lower Entry Point
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Price: $78.00 --0%
Rating Summary:
0 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
0 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Needham & Company maintains a 'Hold' on Hittite Microwave (NASDAQ: HITT).
Analyst, N. Quinn Bolton, said, "Hittite reported solid 1Q12 results but mixed 2Q12 guidance. On a positive note, revenue showed resilience in the face of uncertain wireless service provider and defense spending driven by test & measurement strength and the rebound in a long-term military program. However, higher OPEX and an increase in the tax rate in 2012 are offsetting the revenue strength. Though Hittite has once again demonstrated the stability of its diverse business model, revenue growth remains modest as highlighted by
weaker than expected 2Q12 guidance." (FY12 EPS estimate cut from $2.25 to $2.15)
For an analyst ratings summary and ratings history on Hittite Microwave click here. For more ratings news on Hittite Microwave click here.
Shares of Hittite Microwave closed at $49.87 yesterday.
Analyst, N. Quinn Bolton, said, "Hittite reported solid 1Q12 results but mixed 2Q12 guidance. On a positive note, revenue showed resilience in the face of uncertain wireless service provider and defense spending driven by test & measurement strength and the rebound in a long-term military program. However, higher OPEX and an increase in the tax rate in 2012 are offsetting the revenue strength. Though Hittite has once again demonstrated the stability of its diverse business model, revenue growth remains modest as highlighted by
weaker than expected 2Q12 guidance." (FY12 EPS estimate cut from $2.25 to $2.15)
For an analyst ratings summary and ratings history on Hittite Microwave click here. For more ratings news on Hittite Microwave click here.
Shares of Hittite Microwave closed at $49.87 yesterday.
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