Ikanos Communications (IKAN) Posts Wider-than-Expected Q1 Loss, Outlook
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Needham & Company Remains Bullish on Ikanos Communications (IKAN) While Lowering Price Target
May 5, 2015 7:44 AM EDTNeedham & Company maintained a Buy rating on Ikanos Communications (NASDAQ: IKAN) and lowers price target to $5 (from $6.50) after 1Q15 results came in slightly below expectations. IKAN reported revenue of $10.2M which was within the guided range of $10-12M but below the estimate of $11m. But with two new gateway design wins announced, Needham expects... More
