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Zoran Due for a Bounceback
Zoran Corporation's (ZRAN - Analyst Report) 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
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| Market Summary | Nov 21, 2009 16:50 pm ET |
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