Tuesday, 1 January 2013

Mindspeed MSPD stock prices target by Cantor Fitzgerald

Mindspeed MSPD stock prices target by Cantor Fitzgerald : Cantor Fitzgerald reissued their hold rating on shares of Mindspeed Technologies (NASDAQ: MSPD) in a research report released on Friday morning. Cantor Fitzgerald currently has a $3.00 price target on the stock.

“On December 3, Mindspeed raised its revenue guidance on the current quarter to $37.5 to $38.5 million compared to prior guidance of $36.5 to $37.5 million. We had been estimating $36.9 million. (Our estimates and the company’s guidance exclude $6 million in non-core intellectual property sales that is slated to be reported). The company also said that it expects to reach non-GAAP operating profitability in the current quarter, with gross margins at the high end of its prior guidance of 58-59%. The company cited improved demand in its wireline businesses and progress in the small cell deployment in Korea.,” the firm’s analyst wrote.

Separately, analysts at Stifel Nicolaus raised their price target on shares of Mindspeed Technologies to $4.40 in a research note to investors on Tuesday, November 6th.

Mindspeed Technologies opened at 4.68 on Friday. Mindspeed Technologies has a 1-year low of $2.31 and a 1-year high of $7.28. The stock’s 50-day moving average is currently $3.86. The company’s market cap is $195.3 million.

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