Mercury Computer Systems Inc (MRCY) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ($0.28)-($0.24) for the period.

Several analysts have also recently commented on the stock. Analysts at Jefferies Group downgraded shares of Mercury Computer Systems from a buy rating to a hold rating in a research note to investors on Monday. They now have a $12.00 price target on the stock, down previously from $16.00. Analysts at CRT Capital downgraded shares of Mercury Computer Systems from a fair value rating to a sell rating in a research note to investors on Wednesday, August 1st.

Mercury Computer Systems Inc (MRCY) traded up 3.21% on Thursday, hitting $9.64. Mercury Computer Systems Inc (MRCY) has a 1-year low of $8.51 and a 1-year high of $15.88. The company has a market cap of $299.0 million and a price-to-earnings ratio of 12.45.

Mercury Computer Systems last issued its earnings results on Tuesday, July 31st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.10. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts predict that Mercury Computer Systems Inc (MRCY) will post $0.45 earnings per share for the current fiscal year.

Mercury Computer Systems, Inc. (Mercury) designs, manufactures and markets high-performance embedded, real-time digital signal and image processing systems and software for embedded and other specialized computing markets.

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