Needham & Company Reiterates a 'Buy' on OCZ Technology Group (OCZ); Adjusting Estimates on Q4 Results
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Price: $0.05 --0%
Rating Summary:
5 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
5 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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Needham & Company reiterates a 'Buy' on OCZ Technology Group (NASDAQ: OCZ) price target of $14.00.
Analyst, Richard Kugele, said, "Revenue and margin. Margin and revenues. In our view, these are the metrics that OCZ should be measured by, not earnings, any more than other high-profile names such as Fusion-io (NYSE: FIO)(NR) should be measured this way. In hyper-growth spaces, we see profitable market share as tantamount to EPS. In this regard, OCZ has surpassed all our expectations since launching coverage early last year. With outlook accelerating within data center and web 2.0 customers, we expect further revenue and margin growth in F13/F14."
"Our estimates for F1Q go to $115M/loss of $0.11 vs. our prior $112.7M/$0.06. Our F2013 estimates go to $672M/$0.48 vs. our prior $555.7M/$0.63. We introduce our F2014 estimates of $1B/$1.40."
For an analyst ratings summary and ratings history on OCZ Technology Group click here. For more ratings news on OCZ Technology Group click here.
Shares of OCZ Technology Group closed at $5.99 yesterday.
Analyst, Richard Kugele, said, "Revenue and margin. Margin and revenues. In our view, these are the metrics that OCZ should be measured by, not earnings, any more than other high-profile names such as Fusion-io (NYSE: FIO)(NR) should be measured this way. In hyper-growth spaces, we see profitable market share as tantamount to EPS. In this regard, OCZ has surpassed all our expectations since launching coverage early last year. With outlook accelerating within data center and web 2.0 customers, we expect further revenue and margin growth in F13/F14."
"Our estimates for F1Q go to $115M/loss of $0.11 vs. our prior $112.7M/$0.06. Our F2013 estimates go to $672M/$0.48 vs. our prior $555.7M/$0.63. We introduce our F2014 estimates of $1B/$1.40."
For an analyst ratings summary and ratings history on OCZ Technology Group click here. For more ratings news on OCZ Technology Group click here.
Shares of OCZ Technology Group closed at $5.99 yesterday.
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