Needham & Company maintained a Hold rating on Xcerra Corporation (NASDAQ: XCRA) following the company's 3Q earnings report. XCRA reported revenues of $82.2MM, slightly ahead of the Street's $81.4MM estimate. EPS was reported in-line with the Street's estimate of $0.00. Guidance for July's quarter are $89-93MM in revenue, and $0.07-$0.10 in EPS, largely in-line with the Street's $91.6MM/0.09.

Analyst Edwin Mok commented, "Xcerra reported F3Q16 (Apr) results and provided F4Q16 (Jul) guidance mostly consistent with consensus. Overall SemiTest is rebounding on seasonal strength coupled with some incremental market share gains, particularly around IoT-driven applications and China, where XCRA reported new wins and orders. We believe XCRA has made good progress towards several drivers, including securing Diamondx orders in display driver, adding a new InCarrier customer and growing its leadership in MEMS handling. Given the recent run-up of the stock, we believe the improved growth prospects are already discounted in the current share price, and therefore, we would wait for a pull-back or accelerated growth before getting aggressive on the name. Maintain our Hold."

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

Shares of Xcerra Corporation closed at $7.00 yesterday.