Needham & Company Reaffirms Buy Rating on Ocz Technology Group (OCZ)

By admin | 6 years ago

Ocz Technology Group (NYSE: OCZ)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company in a report released on Wednesday.

Shares of Ocz Technology Group traded down 2.37% during mid-day trading on Wednesday, hitting $5.0277. Ocz Technology Group has a 52 week low of $4.14 and a 52 week high of $10.94. The company’s market cap is $261.3 million.

The company last announced its quarterly results on Tuesday, May 1st. It reported ($0.11) earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.08 EPS by $0.19. The company’s quarterly revenue was up 70.9% on a year-over-year basis. On average, analysts predict that Ocz Technology Group will post $0.08 earnings per share next quarter.

OCZ has been the subject of a number of other recent research reports. Analysts at Benchmark Co. cut their price target on shares of Ocz Technology Group from $7.00 to $6.00 in a research note to investors on Tuesday, April 24th. They now have a “hold” rating on the stock. Separately, analysts at Dougherty & Co initiated coverage on shares of Ocz Technology Group in a research note to investors on Tuesday, February 28th. They set a “buy” rating and a $13.50 price target on the stock. Finally, analysts at Auriga reiterated a “hold” rating on shares of Ocz Technology Group in a research note to investors on Thursday, February 9th.

OCZ Technology Group, Inc. (OCZ) is a provider of high performance solid state drives (SSDs) and memory modules for computing devices and systems.

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