from www.streetinsider.com:
>>UPDATE - GARP Research initiates coverage on Immersion Corp. with a Buy rating.
GARP analyst, Rob Furlong, said, "Shares have been cut in half since mid-2011, largely because of delayed design wins for the company’s latest technology. We think an announcement is imminent, but more importantly, revenue should grow at double-digit rates regardless. We expect continued adoption of current products to push 25%+ revenue growth over the next few years, which could produce 55¢ of EPS by 2014."
Tuesday, November 15, 2011
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