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EZchip Semiconductor Ltd. Message Board

  • wall_st_knight_mare wall_st_knight_mare Feb 14, 2013 10:03 AM Flag

    EZchip upgraded to Outperform at Oppenheimer; tgt $31

    9:29 AM ET

    . Oppenheimer upgrades EZCH to Outperform from Perform and sets target price at $31, based on much-improved risk-reward, following a 21% sell-off Wednesday. They believe the sell-off is overdone and exaggerates the impact of mgmt's reduced long-term revenue target. Despite lower guidance, EZCH still offers attractive investment potential for 1) expanding edge router market and rising customer traction; 2) high margin/leverage operating model; and 3) $6 cash per share. They note their current FY16 revenue targets and annual top-line growth are significantly lower than the company's long-term target ('12-'16 rev. CAGR of 19% vs 32%).

 
EZCH
25.11-0.30(-1.18%)Sep 19 3:59 PMEDT

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