Market Overview

MIPS Technologies Inc. (MIPS) Maintains Buy Rating

Share:

Analysts at Craig-Hallum Capital Group LLC have maintained their Buy rating for MIPS Technologies Inc. (NASDAQ: MIPS). The company reported revenue of $15.2 million and non GAAP EPS of $0.09 for the second quarter of fiscal year 2010. The company reported an operating margin of 23.5%.

Analysts believe that the Android platform provides the company with a significant opportunity. For the second quarter the company did not have a license deal associated with Android. However, analysts expect MIPS to add 2-4 deals in the third quarter and 4-6 deals in the fourth quarter. Analysts expect these deals to be worth $500,000 and above.

Analysts have set a price target of $6 for MIPS Technologies Inc. based on an EPS estimate of $0.40 for fiscal year 2011.

 

Related Articles (MIPS)

View Comments and Join the Discussion!

Posted-In: Craig-Hallum Capital Group LLCAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
MRTXHC Wainwright & Co.Maintains257.0
NVDATruist SecuritiesMaintains672.0
NVDASusquehannaMaintains625.0
BLKBMO CapitalMaintains715.0
BLKDeutsche BankMaintains838.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com