Dot Hill Systems (HILL) Updates FY13 Earnings Guidance

Dot Hill Systems (NASDAQ: HILL) updated its FY13 earnings guidance on Friday. The company provided earnings per share guidance of $0.02-0.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.05, Stock Ratings Network.com reports. The company issued revenue guidance of $205-227 million, compared to the consensus revenue estimate of $207.92 million.Dot Hill Systems also updated its Q2 guidance to ($0.01)-0.02 EPS.

A number of research firms have also recently commented on HILL. Analysts at Needham & Company upgraded shares of Dot Hill Systems from a hold rating to a buy rating in a research note to investors on Tuesday, April 9th. They now have a $2.50 price target on the stock. Analysts at Lake Street Capital initiated coverage on shares of Dot Hill Systems in a research note to investors on Monday, April 1st. They set a buy rating and a $2.00 price target on the stock.

Shares of Dot Hill Systems (NASDAQ: HILL) traded up 8.16% during mid-day trading on Friday, hitting $2.12. Dot Hill Systems has a one year low of $0.72 and a one year high of $1.77. The stock’s 50-day moving average is currently $1.32. The company’s market cap is $124.3 million.

Dot Hill Systems (NASDAQ: HILL) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $44.90 million for the quarter, compared to the consensus estimate of $44.45 million. Analysts expect that Dot Hill Systems will post $0.05 EPS for the current fiscal year.

Dot Hill Systems Corp. (NASDAQ: HILL) is a provider of storage systems and enterprise server software for organizations requiring networked storage and data management solutions in an open systems architecture.

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