Axiom Capital Cuts Power-One to Hold (PWER)

By admin | 6 years ago

Power-One (NASDAQ: PWER) was downgraded by analysts at Axiom Capital to a “hold” rating in a research report issued to clients and investors on Tuesday.

PWER has been the subject of a number of other recent research reports. Analysts at Jefferies Group (NYSE: JEF) reiterated a “buy” rating on shares of Power-One in a research note to investors on Friday, May 4th. Separately, analysts at Needham & Company reiterated a “hold” rating on shares of Power-One in a research note to investors on Friday, May 4th. Finally, analysts at Bank of America (NYSE: BAC) initiated coverage on shares of Power-One in a research note to investors on Thursday, April 19th. They set an “underperform” rating on the stock.

Shares of Power-One opened at 3.68 on Tuesday. Power-One has a 52 week low of $3.63 and a 52 week high of $9.15. The company has a market cap of $448.6 million and a P/E ratio of 5.31.

Power-One last announced its earnings results on Thursday, May 3rd. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.09 by $0.06. Power-One’s revenue was down 7.7% compared to the same quarter last year. On average, analysts predict that Power-One will post $0.11 earnings per share next quarter.

Power-One, Inc. (Power-One) is a designer and manufacturer of energy-efficient power conversion and power management solutions for renewable/alternative energy, routers, data storage, servers and data centers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications.

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