With TQNT's history of under-performing and the poor guidance given (given halfway through the quarter with the inventory item overhang), what is the upside to an analysts buy recommendation?
In fact, at this point, I would be leary of an upgrade as perhaps someone wanting to sell into strength.
I think TQNT may attract some buyers at these prices who see the new products, hopefully read of some socket wins and then believe the 2H2013 guidance AND believes it after TQNT did not come follow through well with their 2H 2012 bullishness.
I think TQNT could have good gains from here in one year after they report their 2H 2013 but why would an analyst stick his neck out for them..............given TQNT's history?
Probably not until after Q1 earning and a FCST with FY guideince is given. TQNT did better than expected in Q4, but Q1 guidence was below the Street, so we got clobbered. Because of past predictions and below expectation perforamance any time TQNT does not meet Street expectations we will get clobbered.