Voltaire Ltd. (VOLT) Looking For A Strong Performance In 2010
By Benzinga Staff
February 09, 2010 5:16 PM
February 09, 2010 5:16 PM
Symbols: VOLT
Analysts Daniel Meron and Tom Erlich at RBC Capital Markets have released an update on Voltaire Ltd. (NASDAQ: VOLT). The company has reported results for the fourth-quarter.
The company reported revenue of $17.4 million in the quarter, which is ahead of analysts’ estimate of $17 million. The company reported EPS of $0.01. Analysts had forecast a loss of $0.03 per share.
According to analysts, the revenue guidance for FY10 is in line with expectations. However, analysts believe that the guidance may prove conservative as the company has multiple growth drivers.
Analysts have maintained an Outperform rating for Voltaire Ltd., with a price target of $8.
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