Needham & Company Maintains a 'Hold' on Park Electrochemical (PKE);

Needham & Company maintains a 'Hold' on Park Electrochemical (NYSE: PKE).

Analyst, Sean K.F. Hannan, said, "PKE is facing a PCB demand environment that is partially subdued by the sluggish telecom/datacom spending (already well known). New products and eventual elimination of cost redundancies in the Advanced Composite business should aid the model in 2HF13 without a notable reliance on broader demand recovery, but at present we believe PKE remains growth-challenged."

"Our F1Q estimate becomes $45M & $0.21 (incl. opt.), vs. prior $51.3M & $0.37. F13 now $194M & $1.18, vs. prior $212M & $1.63. New F14 est. of $214M & $1.64."

For an analyst ratings summary and ratings history on Park Electrochemical click here. For more ratings news on Park Electrochemical click here.

Shares of Park Electrochemical closed at $26.05 yesterday.

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