Cascade Microtech (CSCD) Releases Quarterly Earnings, Beats Estimates By $0.02 EPS
Cascade Microtech (NASDAQ:CSCD) posted its quarterly earnings results on Wednesday. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.02, American Banking and Market News reports. The company had revenue of $33.50 million for the quarter, compared to the consensus estimate of $33.50 million.
Shares of Cascade Microtech (NASDAQ:CSCD) traded up 0.76% during mid-day trading on Wednesday, hitting $11.92. 56,174 shares of the company’s stock traded hands. Cascade Microtech has a 1-year low of $7.25 and a 1-year high of $13.95. The stock has a 50-day moving average of $12.71 and a 200-day moving average of $10.85. The company has a market cap of $193.5 million and a price-to-earnings ratio of 12.86.
A number of research firms have recently commented on CSCD. Analysts at Canaccord Genuity initiated coverage on shares of Cascade Microtech in a research note on Tuesday, July 1st. They set a “buy” rating and a $16.00 price target on the stock. On the ratings front, analysts at Zacks downgraded shares of Cascade Microtech to a “neutral” rating in a research note on Tuesday, June 3rd. They now have a $12.20 price target on the stock. Finally, analysts at Craig Hallum initiated coverage on shares of Cascade Microtech in a research note on Tuesday, June 3rd. They set a “buy” rating and a $15.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $14.04.
Cascade Microtech, Inc designs, develops, manufactures and markets wafer probing and test socket solutions for the electrical measurement and testing of semiconductor devices.
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