Benchmark Has Hold on STEC

The Benchmark Company is out with a research report on STEC INC (NASDAQ: STEC) and it has a Hold rating after it reported earnings.

In a note to clients, The Benchmark Company writes, "Following 3Q11 results, we reiterate our Hold rating. While STEC was able to report better-than-expected 3Q11 results, STEC's next few quarters will be hampered as customers await the company's gen IV ZeusIOPS SSDs and PCIe cards."

Shares of STEC are down $2.35 to $9.35, a loss of 20.09%.