Newport Corp (NEWP) Tops Q4 EPS by 12c

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30% Order Growth Support Newport's (NEWP) Buy Rating and PT Hike - Needham & Company

February 10, 2015 9:58 AM EST

Newport (NASDAQ: NEWP) posted much stronger-than-expected Q4 numbers, and as a result Needham & Company reiterate their Buy rating and raised their price target from $21 to $23.

Analyst James Ricchiut notes orders were up 30% quarter-over-quarter in many of NEWP's major verticals: Life and Health Sciences,... More