Loading...
Loading...
Sonic Solutions
SNIC has provided new FY12 guidance for the combined company now that it has partnered with RoxioNow.
Sonic Solutions forecasted FY12 EPS of $0.44-$0.59, far higher than JP Morgan's prior estimate of $0.19.
JP Morgan analysts Paul Coster, Marija Krgovic, and Mark Strouse have raised their estimates based on this guidance.
The analysts said, "With increased evidence from a succession of marketing partnerships that RoxioNow has strong momentum going into the 2010 holiday season, we are revising our estimates to align more closely with this guidance, though we remain below the low-end of the EPS range, owing to the risks inherent in this de novo business."
The price target was raised to $13.50, from a previous target of $13.00. SNIC is rated Overweight, and is currently trading at $8.20.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: Analyst ColorPrice TargetAnalyst RatingsApplication SoftwareInformation TechnologyJP MorganMarija KrgovicMark StrousePaul Coster
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