Wunderlich lowers their AMSC tgt to $45 from $50 to account for changes in shipment patterns, product transition at its largest account, and for the impact of the acquisition of The Switch. The firm says they have taken the conservative side of the company’s comments but still believe the company could reach $1 billion of revenue before it says it will in fiscal 2014. Excluding cash of $5.00 per share, the stock trades at about 9x their CY12 non-GAAP EPS estimate, for a PEG of about 0.15x
Next earnings release: May 12 before market, unconfirmed. Thomson Reuters estimate: 0.37
If you enjoy the content at iBankCoin, please follow us on Twitter
