Sanmina-SCI (NASDAQ:SANM) Growth Driven by Multiple Catalysts

Sanmina-SCI (NASDAQ:SANM) is poised to enjoy strong growth in 2011, based on a pipeline of catalysts in a number of company segments.

Needham says, "Overall, Sanmina continues to be well positioned to demonstrate solid growth this year through a healthy pipeline of new wins in spaces such as Medical, Communications, Enterprise Computing & Storage and further aided by the acquisition of BreconRidge. We believe the company is executing well on and improved cost structure, and we further remain of the opinion that volume returning to components (in 2HF11) should drive healthy leverage and earnings growth in the model.

"Only minor changes to estimates. F2Q11 becomes $1.645B in revs. and $0.41. vs, prior $1.650B and $0.41. F11 now $6.86B and $1.86, vs. previous $6.86B & $1.83."

Needham & Company reiterates a "Buy" rating on Sanmina-SCI Corp. (SANM), which closed Tuesday at $14.77, gaining $0.70, or 4.98 percent. Needham has a price target on Sanmina-SCI of $19.