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.

Continue reading Axsys Technologies (AXYS): Price cycles in bullish 'flag' formation

Axsys Technologies (AXYS): Price cycles in bullish 'flag' formation originally appeared on BloggingStocks on Mon, 25 Feb 2008 14:12:00 EST. Please see our terms for use of feeds.