Zoran Due for a Bounceback – Analyst Blog
Source: http://www.zacks.com/stock/news/16513/Zoran+Due+for+a+Bounceback+-+Analyst+BlogPosted on Monday, December 22nd, 2008 | In Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Zoran Corporation’s (ZRAN) revenues in the last few quarters were disappointing, with several sectors being influenced by the poor economic environment.
The company’s guidance for a significant slowdown in business activity was well below the analyst consensus. Cash flow is positive, excluding acquisitions, and total cash should provide a buffer to further declines in stock price.
Our price target remains at $15.00 and our recommendation is a BUY. Zoran Corp. is a leading provider of digital solutions for applications in the growing digital entertainment and digital imaging markets.
Read the full analyst report on ZRAN
“ZRAN” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
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