National Instruments Reports Preliminary Revenue Estimate of $288 Million for Q1 2016
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Stifel Cuts Price Target on National Instruments (NATI) Following Negative Pre-Announcement
April 5, 2016 9:37 AM EDTStifel maintained a Buy rating on National Instruments (NASDAQ: NATI), and cut the price target to $33.00 (from $36.00), following the company's announcement that it expects its financial results for 1Q16 to miss the previously disclosed guidance ranges for revenue and EPS. NATI expects revenue to be approximately $288 million, versus prior guidance of $290-$320 million, and... More
