Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?Axsys Technologies (NASDAQ: AXYS) designs
and develops high performance surveillance cameras, imaging systems and related motion control technologies, serving the aerospace, defense, and high-performance commercial markets. Applications include airborne thermal targeting, missile tracking, space-borne surveillance and semiconductor micro-inspection. The Department of Defense, Boeing (NYSE: BA) and Intel (NASDAQ: INTC) are among the firm's major customers.
The company surprised the Street last week, when it reported Q4 EPS of 36 cents and revenues of $47.9 million. Analysts had been looking for 33 cents and $45.7 million. Management also guided FY08 EPS to $1.70-$1.75 ($1.63 consensus) and FY08 revenues to $208-$212 million ($198.96M consensus). Stifel Nicolaus subsequently reiterated its "buy" recommendation and boosted its price target to $54.
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