There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Emcore Corp (NASDAQ:EMKR), Rudolph Technologies (NYSE:RTEC) and Finjan Holdings (NASDAQ:FNJN) with bullish sentiments.
Emcore Corp (EMKR)
In a report released today, Dave Kang from B.Riley FBR maintained a Buy rating on Emcore Corp, with a price target of $6. The company’s shares opened today at $4.80, close to its 52-week low of $4.40.
Kang observed:
“EMCORE Corp. (EMKR) reported F3Q revenue/EPS below our and consensus estimates, with F3Q marking the final quarter of inventory burn at the company’s main cable TV (CATV) customer. Due to multiple factors, GM was significantly lower in (ex-1x items) versus 27% in F2Q, as the company was affected by expense de-leveraging from lower volumes and higher factory costs from new products; GM should start to bounce back in F4Q. F4Q guidance was ahead of our estimate and in line with the consensus, which was skewed by a single outlier Street estimate. The rest of the business (Chips/Navigation/Satcom) represented 34% of total revenue and appears to be tracking to prior design/pipeline outlooks for product ramps in FY19/ FY20.”
According to TipRanks.com, Kang is a 5-star analyst with an average return of 16.9% and a 59.0% success rate. Kang covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Lumentum Holdings, and NeoPhotonics.
Emcore Corp has an analyst consensus of Moderate Buy, with a price target consensus of $6.
See today’s analyst top recommended stocks >>
Rudolph Technologies (RTEC)
B.Riley FBR analyst Craig Ellis reiterated a Buy rating on Rudolph Technologies today and set a price target of $36. The company’s shares opened today at $26.60.
Ellis said:
“Thursday (8/2), front- and back-end process control, lithography, and software specialist Rudolph Technologies’ (RTEC) 2Q18 results mixed with lower sales but higher EPS, while 3Q’s outlook was moderately below on an expected industry pause. Yet, RTEC indicated 4Q would reach “similar” levels to 1H18, implying +15.0% Q/Q growth. So, a short-lived 3Q downturn and swift 4Q recovery may be at hand, we sense aided by the resilience and diversity of a unique front- and back-end model, new product positives, and SAM expansion. Positives are 50 bps of GM upside reaching target levels, further Software sales momentum, and ongoing Firefly fluorescent inspection product success a fast 4Q recovery bucking typical seasonality, (-12% Q/Q T-3 year).”
According to TipRanks.com, Ellis is a top 25 analyst with an average return of 36.0% and a 77.5% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Axcelis Technologies, and Silicon Laboratories.
Rudolph Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $36.
Finjan Holdings (FNJN)
B.Riley FBR analyst Mike Crawford maintained a Buy rating on Finjan Holdings yesterday and set a price target of $5. The company’s shares opened today at $4.20.
Crawford observed:
“Buy-rated Finjan (FNJN, $5 PT) filed its 10-Q and released 2Q18 results before the open on 8/2 and held its conference call after the close. As previewed, FNJN reported a third sequential period of outsized earnings in 2Q, following its $13.4M license entered with an amount comprising close to 1% of the Tokyo-based company’s global revenue. This lifted total revenue to $17.3M in the period and over $80M for 1H18. GAAP EPS was $0.24 in 2Q, which FNJN exited carrying $68M of cash & investments, no debt (or preferred), and with $2M executed on its recently enacted $10M buyback. We increase our FY18 revenue, EBITDA, and EPS projections from $84M, $47M, and $0.96/$1.11 (GAAP/pro forma) to $99M, $60M, and $1.31/$1.46, respectively.”
According to TipRanks.com, Crawford is a 4-star analyst with an average return of 9.7% and a 60.0% success rate. Crawford covers the Consumer Goods sector, focusing on stocks such as Kratos Defense, Silicon Motion, and Ducommun Inc.
Finjan Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $5.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
