Close

Cantor Fitzgerald Starts Neonode (NEON) at Buy; Expecting Tier-One Wins For Printers and Handsets

June 7, 2012 5:46 PM EDT
Get Alerts NEON Hot Sheet
Price: $1.40 +2.94%

Rating Summary:
    3 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
Cantor Fitzgerald initiates coverage on Neonode (NASDAQ: NEON) with a Buy. PT $9.00.

Analyst, Daniel Gelbtuch, said, "NEON is the leading developer, patent owner, and licensor of optical-infrared touch-sensing solutions, which compete with capacitive and resistive touch technologies...We believe NEON’s optical-infrared touch solutions will dramatically disrupt the burgeoning touch-sensor market over the next year, due to its substantially cheaper relative costs and best-of-breed performance."

"From a legal perspective, NEON’s smartphone IP (e.g., "slide to unlock") has been cited as prior art in the Apple-Samsung lawsuit and could possess a substantial strategic value to anyone in mobile computing. Our $9 target does not assign strategic or economic value to NEON's foundational IP."

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

Shares of Neonode closed at $5.80 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

New Coverage

Related Entities

Cantor Fitzgerald