Needham & Company Maintains a 'Hold' on Planar Systems (PLNR); Cutting Estimates on Stalling Digital Signage Growth

Needham & Company maintains a 'Hold' on Planar Systems (NASDAQ: PLNR).

Analyst, James Ricchiuti, said, "The revenue shortfall was across the company’s major product segments, including digital signage and commercial and industrial displays. Management expects the loss to narrow in the June quarter and guided to a slight non-GAAP profit in F4Q. Digital signage remains the key to PLNR’s turnaround, and the shortfall in this area of the business in FQ3 appears to be more of a temporary setback. Nonetheless, we are again reducing our F2H & F13 estimates." (FY12 from (0.31) to (0.39) and FY13 from $0.01 to (0.01))

For an analyst ratings summary and ratings history on Planar Systems click here. For more ratings news on Planar Systems click here.

Shares of Planar Systems closed at $1.87 yesterday.

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