LeCroy (NASDAQ:LCRY) not only turned in a sold second quarter, with bookings growing at a 35 percent clip, but they're also receiving orders in January at record levels.
Needham says, "LCRY turned a stellar FQ2 report yesterday after preannouncing better than expected results ahead of the company's recent presentation at the Needham Growth Conference. Bookings rose 35% y/o/y, and orders thus far in January are on a record pace. Mgmt raised full-year guidance, citing broad-based strength in the mid-range and high-end segments of the scope market and across its major geographic regions. Given the current demand environment, we believe there is further upside to operating margins over and above mgmt's latest guidance.
"We are raising our non-GAAP EPS estimate for FQ3 to $0.30 from $0.25 on revenues of $45.6M. We are raising our F11 EPS estimate to $1.09 from $1.00 on revenues of $176M and have increased our F12 EPS estimate to $1.20 from $1.15 on revenues of $193M."
Needham & Company maintains a 'Buy' rating on LeCroy (LCRY), which closed Thursday at $13.37, down $0.08, or 0.59 percent. Needham raised their price target on LeCroy from $16 to $17.
Showing posts with label LeCroy. Show all posts
Showing posts with label LeCroy. Show all posts
Friday, January 28, 2011
Friday, January 14, 2011
LeCroy (NASDAQ:LCRY) EPS Raised on Bookings, Revenue, Earnings
A positive pre-announcement from LeCroy (NASDAQ:LCRY) boosted Needham's EPS estimates on the company, as bookings increased at the company, along with revenue and earnings.
Needham says, "LCRY continues to demonstrate strong bookings, revenue and earnings growth, as underscored by the company's upside preannouncement ahead of management's presentation yesterday at the Needham Growth Conference. We are raising our estimates for 2H and F12. Given the continued strength in the business and the company's vastly improved balance sheet, we believe LCRY shares can continue to work higher in 2011...We are increasing our F11 EPS estimate to $1.00 on revenues of $174.3M, up from our prior $0.90 EPS and $165.2 revenue estimates. We are increasing our F12 EPS estimate to $1.15 from $1.02, with revenues forecast to increase 10% next year to $191M, up from our prior $179.7M estimate. We believe there is upside to both our F11 and F12 estimates."
Needham & Company maintains a "Buy" rating on LeCroy, which closed at $13.48, down $0.17, or 1.25 percent. Needham raised their price target on LeCroy from $13 to $16.
Needham says, "LCRY continues to demonstrate strong bookings, revenue and earnings growth, as underscored by the company's upside preannouncement ahead of management's presentation yesterday at the Needham Growth Conference. We are raising our estimates for 2H and F12. Given the continued strength in the business and the company's vastly improved balance sheet, we believe LCRY shares can continue to work higher in 2011...We are increasing our F11 EPS estimate to $1.00 on revenues of $174.3M, up from our prior $0.90 EPS and $165.2 revenue estimates. We are increasing our F12 EPS estimate to $1.15 from $1.02, with revenues forecast to increase 10% next year to $191M, up from our prior $179.7M estimate. We believe there is upside to both our F11 and F12 estimates."
Needham & Company maintains a "Buy" rating on LeCroy, which closed at $13.48, down $0.17, or 1.25 percent. Needham raised their price target on LeCroy from $13 to $16.
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