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Novellus NVLS (news,
chart,
quote) - NVLS volatility at 37 into lower order guidance; EPS, Shipment & sales unchanged
NVLS, develops, manufactures, sells & supports equipment used in the fabrication of integrated circuits, reduced 3rd quarter midpoint order guidance from $332 million to $324 million while leaving its shipment, sales and EPS guidance unchanged. NVLS closed at $27.16. RBCM has a $35 price target on NVLS. NVLS over all option implied volatility of 37 is above its 6-month average of 35 according to Track Data, suggesting non-directional movement.
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