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Enter Symbol:
 
Zoran Corporation (ZRAN) [hlAlert]

Rating:
Buy ZRAN
down 65.95 %

Zoran Corporation (ZRAN) rated Buy with price target $15 by Needham

Posted on: Monday,  Sep 14, 2009  8:25 AM ET by Needham

Needham rated Buy Zoran Corporation (NASDAQ: ZRAN) on 09/14/2009. Previously Needham rated Buy Zoran Corporation (NASDAQ: ZRAN) on 10/23/2007., when
the stock price was $24.00. Since then, Zoran Corporation has lost 65.96% as of 08/30/2011's recent price of $8.17.
If you would have followed the previous Needham's recommendation on ZRAN, you would have lost 65.95% of your investment in 1407 days.

Zoran Corporation is a provider of digital solutions in the digital entertainment and digital imaging market. Zoran has developed high-performance digital audio and video, imaging applications and Connect Share Entertain technologies for the digital home. The Company?s products consist of integrated circuits and related products used in digital versatile disc (DVD), players, movie and home theater systems, digital cameras and video editing systems. It provides integrated circuits (ICs), software and platforms for digital television applications that enable the delivery and display of digital video content through a set-top box or television, as well as digital imaging products consisting of semiconductor hardware and software that enable users to print, scan, process and transmit documents to computer peripherals that perform printing functions. On June 12, 2008, the Company completed the acquisition of Let It Wave, which is a fabless development-stage semiconductor company.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/14/2009 8:25 AM Buy
None
11.10 15.00
as of 12/31/2009
1 Week down  -20.46 %
1 Month down  -3.06 %
3 Months down  -23.09 %
1 YTD up  29.72 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/7/2008 9:25 AM Buy
None
7.09 10.00
7/29/2008 8:25 AM Buy
None
8.47 13.50
4/22/2008 8:25 AM Buy
None
13.78 20.00
1/17/2008 9:25 AM Buy
None
15.47 22.00
10/23/2007 9:25 AM Buy
None
24.00 27.00

(*) Stock Price at the time of the recommendation.
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