Deutsche Bank remains Hold-rated on Inphi IPHI as it believes valuation is fair at the $14 price target (maintained), ahead of Q1 results.
Deutsche Bank comments, "We expect IPHI to report 1Q12 results in-line with its guidance of $19-21m (+10% to +21% q/q). Our 1Q12E of $20m (+16% q/q)/$0.04 is in-line with Street at $20m/$0.04 and above first quarter seasonality of +13%. Our GM estimate of 64.5% (+20bps q/q) is also in-line with mid-point mgmt's 1Q guidance range of 64-65%. By segment, we expect Computing up +19% q/q, Networking up +11% q/q and Other flat q/q."
IPHI closed at $14.44 on Friday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in