Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

JP Morgan Upgrades Cascade Microtech

JP Morgan upgrades advanced wafer probing card maker Cascade Microtech (CSCD) to overweight from neutral.

Analyst Murali Abburi upgrades on the stock's compelling valuation, and his increasing comfort with the growth story of the probe card business.

He notes strong 22 cents first-quarter earnings per share (including a benefit from a favorable tax rate) beat his and consensus 13 cents estimate. He says first-quarter probe card revenues increased 86% year-over-year, and he believes they are continuing to gain traction with customers, on pace to grow over 70% this year.

Even valuing Cascade Microtech solely on its probe systems business, Abburi believes shares are trading at a substantial 40% to 50% discount to its peers on p-e and P/TBV (share price divided by tangible net assets) basis. Also, Cascade has $47.8 million in cash, or $4.10 per share.

blog comments powered by Disqus