InvenSense higher after Canaccord launch

Canaccord has launched coverage on InvenSense (INVN +1.8%) with a Buy and $29 target.

The launch comes ten days after InvenSense posted its FQ1 report. The motion sensor vendor offered mixed FQ2 guidance, but also hiked its FY15 guidance and made CC remarks (transcript) about growing North American sales with the help of "significant share gain at several existing and new customers" (quite possibly a reference to Apple).

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Comments (2)
  • Esekla
    , contributor
    Comments (4791) | Send Message
    Uh, modestly higher, but still below its pricing before earnings and now near lows of the day.


    Sell-side analysts have finally caught on, are really pumping this story now, which is exactly the time to be patient. See the reasons to be skeptical of near-term greatness in my recent articles.
    8 Aug 2014, 09:53 AM Reply Like
  • dpw8248
    , contributor
    Comments (93) | Send Message
    A whole 23 minutes into trading at lows of the day.
    8 Aug 2014, 03:32 PM Reply Like
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