Markets & Finance

Roth Capital Ups California Amplifier Outlook


Roth Capital raised its estimates on California Amplifier (CAMP).

Analyst David Kang says the satellite TV equipment maker reported that positive demand should continue into the third quarter

Analyst David Kang says results from the maker of microwave equipment for the satellite TV industry easily surpassed the consensus estimates of $18.2 million revenues, and a 4 cents loss. He says the company reported that demand picture shifted favorably in the second half of the second quarter, and positive momentum should continue into the third quarter.

Kang raised his $77.1 million fiscal 2004 (Feb.) revenue estimate to $100 million, and upped the 1 cents earnings per share estimate to 13 cents. He also boosted the $85.1 million fiscal 2005 revenue estimate to $112 million, and upped the 20 cents earnings per share estimate to 31 cents.

Despite the impressive results, he's keeping his neutral rating on the belief that growth prospect of the satellite TV industry are unappealing. He says he'd review his stance if, and only if, the company's revenue mix shifts to the wireless access sector.


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