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

Needham Ups Brooks Automation to Buy from Hold

Needham upgraded the semiconductor supplier Brooks Automation (BRKS) to buy from hold, citing the company's better than expected revenues of $127.2 million.

Analyst Robert Maire says bookings grew 25% in the first quarter over the preceding quarter (excluding about two months of Helix), which is better than the company's expectation of 15% to 20% growth. Maire says the positive bookings environment seems to be continuing into the March quarter, and bookings are expected to increase sequentially in the $165 million to $175 million range. Maire thinks Brooks Automation has done a good job of integration of Helix, as the merger had been accretive from the start. He adds that the company has also started to achieve some of its targeted cost savings. He has a $22 price target on the stock.

blog comments powered by Disqus