Barclays Lowers Estimates on LTX-Credence (LTXC); Traction Not Showing Up in the Numbers
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Price: $9.35 --0%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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Barclays maintains an 'Equalweight' on LTX-Credence (NASDAQ: LTXC) price target of $6.00 (from $7.00).
Analyst, C. J. Muse, said, "On the positive side, LTXC continues to execute to its target model, is gaining incremental traction in the MCU space with its DiamondX product, and remains opportunistic in its share repurchasing, with ~$15M left on its buyback program. On the negative side, with our expectations for the overall SOC test market to remain at ~$2.5-2.55B in both 2012 and 2013, LTXC's anticipated market share gains have yet to materialize in the numbers."
Barclays lowers CY12 estimates to $149M/-$0.14 (street $173M/$0.16) and CY13 estimates to $175M/$0.20 (street $240M/$0.88). (FY12 EPS estimate from $0.55 to -0.07, establishes FY13 at $0.45).
For an analyst ratings summary and ratings history on LTX-Credence click here. For more ratings news on LTX-Credence click here.
Shares of LTX-Credence closed at $5.62 yesterday.
Analyst, C. J. Muse, said, "On the positive side, LTXC continues to execute to its target model, is gaining incremental traction in the MCU space with its DiamondX product, and remains opportunistic in its share repurchasing, with ~$15M left on its buyback program. On the negative side, with our expectations for the overall SOC test market to remain at ~$2.5-2.55B in both 2012 and 2013, LTXC's anticipated market share gains have yet to materialize in the numbers."
Barclays lowers CY12 estimates to $149M/-$0.14 (street $173M/$0.16) and CY13 estimates to $175M/$0.20 (street $240M/$0.88). (FY12 EPS estimate from $0.55 to -0.07, establishes FY13 at $0.45).
For an analyst ratings summary and ratings history on LTX-Credence click here. For more ratings news on LTX-Credence click here.
Shares of LTX-Credence closed at $5.62 yesterday.
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