Needham & Company Reiterates a 'Buy' on Exa Corporation (EXA); Strong Q2 as Company Gains Traction
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Price: $24.24 --0%
Rating Summary:
1 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Buy' on Exa Corporation (NASDAQ: EXA) price target of $14.00.
Analyst, James Ricciuti, said, "EXA after the market close yesterday reported its first quarter as a public company (after completing an IPO at $10.00 share in late June). FQ2 revenues were slightly better than expected, while earnings came in well above expectations, reflecting lower than expected operating expense and some below-the--line items. EXA has registered 18 consecutive years of growth, including a CAGR of ~30% since 2002, and has been profitable on an adjusted EBIDTA basis in each of the last three years. We believe EXA is capable of delivering ~20% L-T growth with improving operating leverage. We view EXA as one of the more exciting micro-cap growth stories in our coverage universe."
Raising FY13 EPS estimate from $0.20 to $0.28.
For an analyst ratings summary and ratings history on Exa Corporation click here. For more ratings news on Exa Corporation click here.
Shares of Exa Corporation closed at $12.11 yesterday.
Analyst, James Ricciuti, said, "EXA after the market close yesterday reported its first quarter as a public company (after completing an IPO at $10.00 share in late June). FQ2 revenues were slightly better than expected, while earnings came in well above expectations, reflecting lower than expected operating expense and some below-the--line items. EXA has registered 18 consecutive years of growth, including a CAGR of ~30% since 2002, and has been profitable on an adjusted EBIDTA basis in each of the last three years. We believe EXA is capable of delivering ~20% L-T growth with improving operating leverage. We view EXA as one of the more exciting micro-cap growth stories in our coverage universe."
Raising FY13 EPS estimate from $0.20 to $0.28.
For an analyst ratings summary and ratings history on Exa Corporation click here. For more ratings news on Exa Corporation click here.
Shares of Exa Corporation closed at $12.11 yesterday.
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