PDF Solutions "buy," estimates reduced

01/15/07 - Deutsche Securities

NEW YORK, January 15 (newratings.com) - Analysts at Deutsche Securities maintain their "buy" rating on PDF Solutions (PDFS), while reducing their estimates for the company. The target price is set to $15.

In a research note published on January 12, the analysts mention that the company has reported its preliminary 4Q results short of expectations. The shortfall is on account of the push-out of several Data Power software deals and a customer cancellation of a Letter of Agreement for an integrated yield ramp engagement, the analysts say. The EPS estimate for the full year has been reduced from $0.75 to $0.70.