Xcerra Corporation (XCRA) Stock Formed Double Top. What To Expect?

July 27, 2018 - By Kristin Houston

Xcerra Corporation (NASDAQ:XCRA) Logo

The chart of Xcerra Corporation (XCRA) shows a double top with $15.08 target or 7.00 % above today’s $14.09 share price. The 5 months chart pattern indicates low risk for the $773.75M company. It was reported on Jul, 27 by Finviz.com. If the $15.08 price target is reached, the company will be worth $54.16 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.50% or $0.07 during the last trading session, reaching $14.09. About 155,495 shares traded. Xcerra Corporation (NASDAQ:XCRA) has risen 43.78% since July 27, 2017 and is uptrending. It has outperformed by 31.21% the S&P500.

Analysts await Xcerra Corporation (NASDAQ:XCRA) to report earnings on August, 29. They expect $0.28 EPS, up 12.00 % or $0.03 from last year’s $0.25 per share. XCRA’s profit will be $15.38 million for 12.58 P/E if the $0.28 EPS becomes a reality. After $0.24 actual EPS reported by Xcerra Corporation for the previous quarter, Wall Street now forecasts 16.67 % EPS growth.

Xcerra Corporation (NASDAQ:XCRA) Ratings Coverage

Among 5 analysts covering Xcerra (NASDAQ:XCRA), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Xcerra had 10 analyst reports since February 23, 2018 according to SRatingsIntel. The stock of Xcerra Corporation (NASDAQ:XCRA) has “Buy” rating given on Friday, February 23 by Craig Hallum. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, May 29. On Wednesday, May 9 the stock rating was downgraded by Needham to “Hold”. The firm earned “Buy” rating on Friday, February 23 by Stifel Nicolaus. On Friday, February 23 the stock rating was upgraded by DA Davidson to “Buy”. The firm has “Buy” rating by Needham given on Tuesday, April 17. The firm earned “Hold” rating on Thursday, May 24 by FBR Capital. DA Davidson downgraded the shares of XCRA in report on Tuesday, May 8 to “Neutral” rating. The company was maintained on Friday, May 18 by FBR Capital.

More important recent Xcerra Corporation (NASDAQ:XCRA) news were published by: Nasdaq.com which released: “Xcerra Announces Microchip Technology as the Recipient of the 500th Diamondx Test System” on July 17, 2018, also Streetinsider.com published article titled: “Form 8-K COHU INC For: Jul 26”, Streetinsider.com published: “Cohu (COHU) and Xcerra (XCRA) Announce Early Termination of HSR Waiting Period in Connection with Proposed …” on July 27, 2018. More interesting news about Xcerra Corporation (NASDAQ:XCRA) was released by: Nasdaq.com and their article: “Cohu and Xcerra Announce Early Termination of HSR Waiting Period in Connection with Proposed Acquisition of Xcerra” with publication date: July 27, 2018.

Xcerra Corporation provides test and handling capital equipment, interface products, and test fixtures and related services to the semiconductor and electronics manufacturing industries worldwide. The company has market cap of $773.75 million. It operates through two divisions, Semiconductor Test Solutions and Electronic Manufacturing Solutions. It has a 15.87 P/E ratio. The firm offers Diamond series platform that offers high-density packaging for the testing of microcontrollers, and consumer and digital ASSP and ASIC devices; X-Series platform that offers configurations for the testing of analog ASSP and ASIC, power, automotive, mixed signal, and RF applications; and ASL platform for testing linear, low-end mixed signal, precision analog, and power management devices.

Xcerra Corporation (NASDAQ:XCRA) Ratings Chart

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