What analysts say:
- Buy, sell, or hold?: The majority of analysts back Tessera Technologies as a buy. But with 60% of analysts rating it a buy, Tessera Technologies is still below the mean analyst rating of its nearest 10 competitors, which average 63.2% buys. Analysts don't like Tessera Technologies as much as competitor Magma Design Automation overall. Three out of three analysts rate Magma Design Automation a buy compared with three of five for Tessera Technologies. Analysts' rating of Tessera Technologies has stayed constant from three months prior.
- Revenue forecasts: On average, analysts predict $72.5 million in revenue this quarter. That would represent a decline of 2.8% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.24 per share. Estimates range from $0.19 to $0.27.
What our community says:
CAPS All-Stars are solidly backing the stock, with 95.5% awarding it an "outperform" rating. The community at large backs the All-Stars, with 93.3% granting it a rating of "outperform." Fools are gung-ho about Tessera Technologies and haven't been shy with their opinions lately, logging 174 posts in the past 30 days. Even with a robust four out of five stars, Tessera Technologies' CAPS rating falls a little short of the community's upbeat outlook.
Tessera Technologies' profit has risen year over year by an average of 52.5%. Revenue has now gone up for three straight quarters.
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