Roth Capital Initiates Buy On Dot Hill Systems; Sees 50% Upside For The Stock

In a research note issued Friday, Roth Capital analyst Michael Staiger initiated a coverage on shares of Dot Hill Systems Corporation (HILL). He issued a Buy rating and a price target of $7.00, which represents a potential upside of 50% from where the stock is currently trading.

Staiger noted, “We believe that the January 2014 product announcement of the 5000 series with RealStor auto tiering software is under-appreciated. We see HILL evolving towards a software-defined storage model that enables it to offer both OEM and vertical market customers leading edge capacity solutions. In our view, success of RealStor is not factored into management guidance or Street estimates, and could be a source of upside to revenues and gross margins in 2014”.

According to, which measures analysts and bloggers success rate based on how their calls perform, analyst Michael Staiger currently has a one-year average return of 10.7% and a 50% success rate.  Staiger is ranked #2298 out of 3212 analysts.

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