EZchip pullback a buying opportunity, says MKM Partners MKM Partners said it continues to have conviction in EZchip's product roadmap and earnings growth potential following the company's Q4 results. The firm recommends using today's sell-off as a buying opportunity, and keeps a Buy rating on the name despite lowering its price target for shares to $39 from $44.
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.