Avanir Pharmaceuticals Inc. (NASDAQ: AVNR), Urban Outfitters, Inc. (NASDAQ: URBN), Venoco, Inc. (NYSE: VQ), ADTRAN, Inc. (NASDAQ: ADTN), Bravio Brio (NASDAQ: BBRG) and Biglari Holdings (NYSE: BH) had ratings on them reiterated by analysts.
Jefferies (NYSE:JEF) reiterated its "Underperform" rating on Urban Outfitters, Inc. (URBN). They have a price target of $17.00 on the company.
Jefferies reiterated its "Hold" rating on Venoco, Inc. (VQ). They have a price target of $10.00 on the company.
Needham & Company reiterated its "Buy" rating on ADTRAN, Inc. (ADTN).
Jefferies reiterated its "Hold" rating on Avanir Pharmaceuticals Inc. (AVNR). They have a price target of $3.00 on the company, down from $3.50.
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Bravio Brio (BBRG). They have a price target of $25.00 on the company.
BGB Securities reiterated its "Buy" rating on Biglari Holdings (BH). They have a price target of $500.00 on the company.
Showing posts with label ADTRAN. Show all posts
Showing posts with label ADTRAN. Show all posts
Wednesday, December 14, 2011
Monday, August 1, 2011
ADTRAN (ADTN) (AIG) (CIEN) (SONS) (XTEX) (VHS) Get New Coverage
ADTRAN, Inc. (NASDAQ: ADTN), American International Group, Inc. (NYSE: AIG), Ciena Corp. (NASDAQ: CIEN), Sonus Networks, Inc. (NASDAQ: SONS), Crosstex Energy LP (NASDAQ: XTEX) and Vanguard Health System (NYSE: VHS) getting new coverage from analysts.
Kaufman Brothers initiated coverage on ADTRAN, Inc. (ADTN). They placed a “Buy” rating and a price target of $50.00 on the company.
Citigroup (NYSE:C) initiated coverage on American International Group, Inc. (AIG). They placed a “Hold” rating and a price target of $33.00 on the company.
Kaufman Brothers initiated coverage on Ciena Corp. (CIEN). They placed a “Hold” rating and a price target of $17.00 on the company.
Kaufman Brothers initiated coverage on Sonus Networks, Inc. (SONS). They placed a “Hold” rating and a price target of $3.50 on the company.
Janney Montgomery Scott initiated coverage on Crosstex Energy LP (XTEX). They placed a “Buy” rating on the company.
Susquehanna Vanguard initiated coverage on Health System (VHS). They placed a “Positive” rating on the company.
Kaufman Brothers initiated coverage on ADTRAN, Inc. (ADTN). They placed a “Buy” rating and a price target of $50.00 on the company.
Citigroup (NYSE:C) initiated coverage on American International Group, Inc. (AIG). They placed a “Hold” rating and a price target of $33.00 on the company.
Kaufman Brothers initiated coverage on Ciena Corp. (CIEN). They placed a “Hold” rating and a price target of $17.00 on the company.
Kaufman Brothers initiated coverage on Sonus Networks, Inc. (SONS). They placed a “Hold” rating and a price target of $3.50 on the company.
Janney Montgomery Scott initiated coverage on Crosstex Energy LP (XTEX). They placed a “Buy” rating on the company.
Susquehanna Vanguard initiated coverage on Health System (VHS). They placed a “Positive” rating on the company.
Friday, January 21, 2011
ADTRAN (NASDAQ:ADTN) Fully Priced Says Jefferies (NYSE:JEF)
ADTRAN (NASDAQ:ADTN) handily exceeded expectations in their latest earnings report, in earnings and revenue. Yet Jefferies feels the share price of ADTRAN accurately portrays the value of the company.
Jefferies said, "Q4 was unusual as it marked the first-ever quarter where the organization generated significant Professional Services revenue. All of this business, we understand, was tied to the Broadband Access business."
Looking forward, Jefferies said they're raising their full year 2011 EPS and revenue estimates from $1.90 and $698 million to $2.05 and $711 million. Jefferies gave their full year 2012 EPS and revenues estimates at $2.20 and $750 million.
Jefferies is maintaining their "Hold" rating on ADTRAN (ADTN), which closed Thursday at $41.75, down $0.50, or 1.18 percent. Jefferies boosted their price target on ADTRAN from $34 to $42.
Jefferies said, "Q4 was unusual as it marked the first-ever quarter where the organization generated significant Professional Services revenue. All of this business, we understand, was tied to the Broadband Access business."
Looking forward, Jefferies said they're raising their full year 2011 EPS and revenue estimates from $1.90 and $698 million to $2.05 and $711 million. Jefferies gave their full year 2012 EPS and revenues estimates at $2.20 and $750 million.
Jefferies is maintaining their "Hold" rating on ADTRAN (ADTN), which closed Thursday at $41.75, down $0.50, or 1.18 percent. Jefferies boosted their price target on ADTRAN from $34 to $42.
Wednesday, January 19, 2011
ADTRAN (NASDAQ:ADTN) Strongly Positioned in Access Equipment
ADTRAN (NASDAQ:ADTN) has finished up a strong 2010 and appears ready for a solid 2011, according to Barclays, which sees a solid year for them in access equipment.
Barclays says, "We expect ADTRAN's 4Q results to wrap up a strong year and set the company up for a solid 2011. In our view, ADTRAN is well situated to benefit from its positioning in access equipment where we expect continued and sustainable investment through 2011."
"Our new 2010 estimates reflect better than seasonal trends in 4Q. Our 2011 outlook reflects some moderation in ADTRAN's HDSL business, but continued growth in next generation product demand, particularly as the company continues to benefit from fiber based deployments." (FY11 from $1.66 to $1.67 and FY12 from $1.90 to $1.95)."
Barclays reiterates an "Overweight" rating on ADTRAN (ADTN), which closed Tuesday at $39.65, up $0.25, or 0.63 percent. Barclays raised their price target on ADTRAN from $38 to $43.
Barclays says, "We expect ADTRAN's 4Q results to wrap up a strong year and set the company up for a solid 2011. In our view, ADTRAN is well situated to benefit from its positioning in access equipment where we expect continued and sustainable investment through 2011."
"Our new 2010 estimates reflect better than seasonal trends in 4Q. Our 2011 outlook reflects some moderation in ADTRAN's HDSL business, but continued growth in next generation product demand, particularly as the company continues to benefit from fiber based deployments." (FY11 from $1.66 to $1.67 and FY12 from $1.90 to $1.95)."
Barclays reiterates an "Overweight" rating on ADTRAN (ADTN), which closed Tuesday at $39.65, up $0.25, or 0.63 percent. Barclays raised their price target on ADTRAN from $38 to $43.
Friday, December 31, 2010
ADTRAN (NASDAQ:ADTN) Driven by New Product Categories
After several years of flat sales, GARP Research says ADTRAN (NASDAQ:ADTN) has turned things around in 2010, and are poised to grow as three new product categories shore up the company and its mature products.
GARP said, "After four years of flat sales, 2010 marks an exciting inflection point for ADTRAN. Three new product categories, Broadband Access, Optical Access, and Internetworking, are now meaningfully offsetting a secular decline in the firm’s mature products which represented nearly half its sales in 2009, down from 70% in 2005. We think the US is on the cusp of a multi-year infrastructure upgrade, which will phase out voice-based platforms designed two decades ago and usher in new Ethernet enabled equipment optimized to carry data and video traffic. ADTRAN’s TA5000 multi-service broadband access platform sits at the forefront of this trend.
"ADTRAN typically prices its products at substantial discounts to its large peers—up to 30% in some cases. Remarkably, this has not hurt profitability and its 20%+operating margin is about twice its rivals and rising. Despite this fundamental momentum and a commendable run in 2010, ADTN trades at under 16x our 2011 EPS estimate, and under 12x our 2013 estimate ex. $5.75/sh net cash."
GARP Research maintains a "Buy" rating on ADTRAN, which closed Thursday at $36.38, up $0.17, or 0.47 percent.
GARP said, "After four years of flat sales, 2010 marks an exciting inflection point for ADTRAN. Three new product categories, Broadband Access, Optical Access, and Internetworking, are now meaningfully offsetting a secular decline in the firm’s mature products which represented nearly half its sales in 2009, down from 70% in 2005. We think the US is on the cusp of a multi-year infrastructure upgrade, which will phase out voice-based platforms designed two decades ago and usher in new Ethernet enabled equipment optimized to carry data and video traffic. ADTRAN’s TA5000 multi-service broadband access platform sits at the forefront of this trend.
"ADTRAN typically prices its products at substantial discounts to its large peers—up to 30% in some cases. Remarkably, this has not hurt profitability and its 20%+operating margin is about twice its rivals and rising. Despite this fundamental momentum and a commendable run in 2010, ADTN trades at under 16x our 2011 EPS estimate, and under 12x our 2013 estimate ex. $5.75/sh net cash."
GARP Research maintains a "Buy" rating on ADTRAN, which closed Thursday at $36.38, up $0.17, or 0.47 percent.
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