Hudson Securities Lowers DGLY EPS Estimates

Hudson Securities has lowered EPS estimates on Digital Alley DGLY. Hudson Securities writes, "A tough fourth quarter was signaled early on when the company announced its restructuring efforts in order to get its costs down to a level where it could achieve profitability just on the $6 million quarterly run rate of its legacy DVM-750 rearview mirror product… We are lowering our 2011 EPS estimate to $0.11 from $0.26 and our 2012 EPS estimate to $0.27 from $0.35." DGLY has a Buy Rating and $4 Price Target. DGLY closed yesterday at $1.35 a share.