Canaccord Genuity Maintains a 'Hold' on Cascade Microtech (CSCD); In-line Qtr and Guidance
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Price: $21.86 --0%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Hold' on Cascade Microtech (NASDAQ: CSCD) price target raised from $4 to $5.
Analyst, Bobby Burleson, said, "We remain HOLD rated following last night's in-line revenue and slight EPS upside. Management sees growth for probes and systems driving mid-single-digit growth in 2012. High exposure to smartphone chip designs is driving probes, while systems look to outstrip semi capex and deliver growth versus the broader industry's high single digit decline. We could get more constructive if our yet-to-be-published 2013 estimates exhibit strong operating leverage and we feel strength in probes is sustainable."
For an analyst ratings summary and ratings history on Cascade Microtech click here. For more ratings news on Cascade Microtech click here.
Shares of Cascade Microtech closed at $4.95 yesterday.
Analyst, Bobby Burleson, said, "We remain HOLD rated following last night's in-line revenue and slight EPS upside. Management sees growth for probes and systems driving mid-single-digit growth in 2012. High exposure to smartphone chip designs is driving probes, while systems look to outstrip semi capex and deliver growth versus the broader industry's high single digit decline. We could get more constructive if our yet-to-be-published 2013 estimates exhibit strong operating leverage and we feel strength in probes is sustainable."
For an analyst ratings summary and ratings history on Cascade Microtech click here. For more ratings news on Cascade Microtech click here.
Shares of Cascade Microtech closed at $4.95 yesterday.
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