Brean Murray Carret Comments On Xyratex's Greater-Than-Anticipated Softness
Symbols: XRTX
Posted in: Analyst Color, Analyst Ratings
According to Brean Murray Carret, Xyratex (NASDAQ: XRTX) saw greater than anticipated softness in drive equipment profits and revenues.
Brean Murray Carret reported that XRTX is feeling greater-than-anticipated negative impact to both storage infrastructure revenue and segment gross margin. “Our $12.50 TP is ~6.0x our 2011 EPS of $1.00 ex-2H11 $6.00 net-cash esrtimate.”
Xyratex closed yesterday at $11.16.
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