STEC, Inc. (STEC) Upgraded at Avian from Negative to Neutral

STEC, Inc. (STEC) has been upgraded today by the research analysts at investment firm Avian which upgraded STEC from a “negative” rating to “neutral.”  Avian did not provide a new price target for STEC, adjusted or otherwise.  STEC is up during intraday trading.

STEC is slated to release their next earnings report on August 3rd, 2011  and is estimated to post EPS of 24 cents.  Their last earnings report was released on May 10th, 2011 and announced EPS of 32 cents with revenue totaling 94.9 million which was up 144.6 %  year to year.  STEC is currently trading below its 50 & 200-day moving averages and 2011 is currently a down year for the company.

STEC, Inc. is a global provider of enterprise-class Flash-based solid-state drives (“SSDs”) that are designed to increase the performance of enterprise-class hardware that companies use to retain and access their critical data.  The company has market capitalization of $910,000,000 and 51,147,000 shares outstanding.  STEC has a 52-week high of $25.44 with the low being $10.63 dollars.

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