Needham & Company Maintains a 'Hold' on Power-One (PWER); Margins Hit By International
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Price: $45.05 +0.54%
Rating Summary:
5 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Hold' on Power-One (NASDAQ: PWER).
Analyst, Y. Edwin Mok, said, "PWER reported strong 1Q12 revenue but earnings missed on one-time expenses. While the company provided higher revenue guidance for 2Q12, weaker margins coupled with the expectation for 3Q12 revenue to decline will likely to limit the stock, in our view. We believe PWER is going through the growing pains of international expansion, resulting in margin pressure and uneven revenue growth trends. We recommend investors wait for margins to stabilize and sustainable growth to resume before getting involved."
Mok cut FY12 EPS estimate from $0.48 to $0.33 and FY13 from $0.54 to $0.50.
For an analyst ratings summary and ratings history on Power-One click here. For more ratings news on Power-One click here.
Shares of Power-One closed at $4.43 yesterday.
Analyst, Y. Edwin Mok, said, "PWER reported strong 1Q12 revenue but earnings missed on one-time expenses. While the company provided higher revenue guidance for 2Q12, weaker margins coupled with the expectation for 3Q12 revenue to decline will likely to limit the stock, in our view. We believe PWER is going through the growing pains of international expansion, resulting in margin pressure and uneven revenue growth trends. We recommend investors wait for margins to stabilize and sustainable growth to resume before getting involved."
Mok cut FY12 EPS estimate from $0.48 to $0.33 and FY13 from $0.54 to $0.50.
For an analyst ratings summary and ratings history on Power-One click here. For more ratings news on Power-One click here.
Shares of Power-One closed at $4.43 yesterday.
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