Any long term investor should sit and listen to the investor presentation that was held yesterday between 1:00-3:00pm. The presentation was very thorough and detailed the roadmap for getting to a minnimum of $6.00 eps by 2018.
I think this may be the reason why the stock is up. Seventeen minutes after the Needham downgrade Morgan Stanley upgraded the stock from EW to OW with a price target of $41 based on earnings and multiples. In other words Morgan Stanley's call trumps Needham's call.
I was ready to sell this and I saw this jump in price on CNBC. All I can find is the fact it was downgraded but there is a lot of consolidation taking place in this sector and maybe it is moving on rumors.