Dot Hill Systems Upgraded to Outperform at Zacks (HILL)
Dot Hill Systems (NASDAQ:HILL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has a $4.60 target price on the stock. Zacks‘ price target points to a potential upside of 9.00% from the stock’s previous close.
Shares of Dot Hill Systems (NASDAQ:HILL) traded up 1.42% during mid-day trading on Tuesday, hitting $4.28. The stock had a trading volume of 536,265 shares. Dot Hill Systems has a 52-week low of $0.91 and a 52-week high of $4.55. The stock has a 50-day moving average of $3.04 and a 200-day moving average of $2.67. The company’s market cap is $252.5 million.
Dot Hill Systems (NASDAQ:HILL) last released its earnings data on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.02. The company had revenue of $52.60 million for the quarter, compared to the consensus estimate of $51.55 million. During the same quarter last year, the company posted ($0.03) earnings per share. Analysts expect that Dot Hill Systems will post $0.16 EPS for the current fiscal year.
Separately, analysts at Needham & Company raised their price target on shares of Dot Hill Systems from $3.25 to $3.50 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock.
Dot Hill Systems Corp. (NASDAQ:HILL) is a provider of storage systems and enterprise server software for organizations requiring networked storage and data management solutions in an open systems architecture.
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