EZchip weakness a buying opportunity, says Benchmark Co. Benchmark Co. recommends using the weakness in EZchip shares post the company's Q4 results as a buying opportunity. The firm thinks today's sell-off is overdone and maintains a Buy rating on the name with a $40 price target.
EZchip sees Q2 revenue $27.5M-$28.5M, consensus $28.3M Sees Q2 gross margins in the 75% range. Says NP-5 product revenues poised for growth in 2015. EZchip (EZCH) expects revenues from Cisco (CSCO) to continue to grow in 2015, 2016. Comments made on the Q1 earnings conference call. EZchip is down 25.24% to $14.62 in mid-morning trading.