Kaufman Bros. analyst downgrade Netlogic
–(www.FinancialNewsUSA.com)– 01/04/2010 – Technology industry news provided by Financial News USA.
Kaufman Bros. analyst downgraded shares of NetLogic Microsystems Inc. (NasdaqGS: NETL) on Monday.The stock went from “buy” to “hold,” as a Kaufman analyst in a note said the companies shares were fairly valued.
NetLogic shares were down 26 cents to $46 in premarket trading Monday.
Analysts expect the company to meet or exceed forecasts when it reports financial results for the fourth quarter of 2009. He projects earnings of 42 cents per share on sales of $61.5 million, roughly in line with forecasts of analysts surveyed by Thomson Reuters.
De Silva said NetLogic should get a boost from a better-than-expected recovery in demand for wireless infrastructure chips and “steady” demand in business network demand. About Financial News USA
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