Intevac (IVAC) $27M Army Contract Corroborates 20% Photonics Growth Goal - Needham & Company
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Price: $4.00 --0%
Rating Summary:
2 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Needham & Company reiterated a Buy rating and $6 price target on shares of Intevac (NASDAQ: IVAC) after the company announced that its Photonics division had won a two-year, $27M order (its largest ever) for night vision cameras from the US Army.
"No change to our estimates at this time," Richard Kugele said. "However, we believe the win corroborates the company's goal of 20% growth for the division in 2014, and see it as an encouraging sign of traction in Photonics."
For an analyst ratings summary and ratings history on Intevac click here. For more ratings news on Intevac click here.
Shares of Intevac closed at $4.74 yesterday.
"No change to our estimates at this time," Richard Kugele said. "However, we believe the win corroborates the company's goal of 20% growth for the division in 2014, and see it as an encouraging sign of traction in Photonics."
For an analyst ratings summary and ratings history on Intevac click here. For more ratings news on Intevac click here.
Shares of Intevac closed at $4.74 yesterday.
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