Cohu shares are trading lower after the company reported worse-than-expected Q2 revenue results and issued Q3 revenue guidance below estimates. Additionally, Needham lowered its price target on the stock from $37 to $33.
Portfolio Pulse from Benzinga Newsdesk
Cohu shares are trading lower after the company reported worse-than-expected Q2 revenue results and issued Q3 revenue guidance below estimates. Additionally, Needham lowered its price target on the stock from $37 to $33.
August 01, 2024 | 3:00 pm
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Cohu shares are trading lower due to disappointing Q2 revenue results and lower-than-expected Q3 revenue guidance. Needham also reduced its price target from $37 to $33.
The combination of worse-than-expected Q2 revenue results, lower Q3 guidance, and a reduced price target from Needham is likely to negatively impact Cohu's stock price in the short term.
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