Markets & Finance

SoundView Ups Omnivision Technologies Estimates


SoundView raised its estimates on Omnivision Technologies (OVTI).

Analyst Tristan Gerra says the company posted a superb quarter, beating upwardly revised guidance and forecasting continued strong growth into the third quarter. Gerra says the shift toward higher sensor resolutions in digital cameras is encouraging. Also, he says strong manufacturing execution provides added confidence to original equipment manufacturers as the company is able to ship in volumes.

Gerra raised the $1.23 fiscal 2004 (Apr.) earnings per share estimate to $1.44, and raised the $1.80 fiscal 2005 estimate to $1.84. He has a $55 target. Gerra reiterates his neutral rating on lack of visibility regarding sustained demand for camera phones post-Christmas, and on valuation.


Hollywood Goes YouTube
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus