Aruba Networks, Inc. (NASDAQ: ARUN), SXC Health Solutions (NASDAQ: SXCI), Wintrust Financial (NASDAQ: WTFC), Xcel Energy Inc. (NYSE: XEL), AllianceBernstein Holding LP (NYSE: AB) and AMR Co. (NYSE: AMR) were upgraded by analysts.
Aruba Networks, Inc. (ARUN) was upgraded by Janney Montgomery Scott from a “Neutral” rating to a “Buy” rating.
SXC Health Solutions (SXCI) was upgraded by GMP Securities to a “Buy” rating.
Wintrust Financial (WTFC) was upgraded by FIG Partners to an “Outperform” rating.
Xcel Energy Inc. (XEL) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.
AllianceBernstein Holding LP (AB) was upgraded by Sanford C. Bernstein to a “Hold” rating.
AMR Co. (AMR) was upgraded by Dahlman Rose from a “Sell” rating to a “Hold” rating.
Showing posts with label Aruba Networks. Show all posts
Showing posts with label Aruba Networks. Show all posts
Monday, November 21, 2011
Tuesday, August 30, 2011
Zumiez (ZUMZ) (ARUN) (BAC) (ZQK) (BEBE) (CYBX) Price Targets Changed
Zumiez (NASDAQ: ZUMZ), Aruba Networks, Inc. (NASDAQ: ARUN), Bank of America (NYSE: BAC), Quiksilver, Inc. (NYSE: ZQK), Bebe stores (NASDAQ: BEBE) and Cyberonics (NASDAQ: CYBX) price targets adjusted by analysts.
Zumiez (ZUMZ) had its price target lowered by Wedbush to $21.00.
Aruba Networks, Inc. (ARUN) had its price target lowered by Morgan Keegan to $30.00.
Bank of America (BAC) had its price target lowered by Sterne Agee to $9.00.
Quiksilver, Inc. (ZQK) had its price target lowered by Jefferies (NYSE:JEF) to $4.50.
Bebe stores (BEBE) had its price target lowered by Wedbush to $8.00.
Cyberonics (CYBX) had its price target lowered by Piper Jaffray (NYSE:PJC) to $34.00.
Zumiez (ZUMZ) had its price target lowered by Wedbush to $21.00.
Aruba Networks, Inc. (ARUN) had its price target lowered by Morgan Keegan to $30.00.
Bank of America (BAC) had its price target lowered by Sterne Agee to $9.00.
Quiksilver, Inc. (ZQK) had its price target lowered by Jefferies (NYSE:JEF) to $4.50.
Bebe stores (BEBE) had its price target lowered by Wedbush to $8.00.
Cyberonics (CYBX) had its price target lowered by Piper Jaffray (NYSE:PJC) to $34.00.
Apple (AAPL) (P) (VIA) (WPI) (QCOM) (ARUN) Ratings Reiterated
Apple, Inc (NASDAQ: AAPL), Pandora Media (NYSE: P), Viacom Inc. (NYSE: VIA), Watson Pharmaceuticals Incorporated (NYSE: WPI), QUALCOMM, Inc. (NASDAQ: QCOM) and Aruba Networks, Inc. (NASDAQ: ARUN) had ratings on them reiterated by analysts.
JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Overweight" rating on Pandora Media (P).
Bank of America (NYSE:BAC) reiterated its "Buy" rating on Apple, Inc (AAPL).
Wunderlich reiterated its "Buy" rating on Viacom Inc. (VIA).
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Watson Pharmaceuticals Incorporated (WPI).
Goldman Sachs (NYSE:GS) reiterated its "Buy" rating on QUALCOMM, Inc. (QCOM).
Wedbush reiterated its "Outperform" rating on Aruba Networks, Inc. (ARUN).
JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Overweight" rating on Pandora Media (P).
Bank of America (NYSE:BAC) reiterated its "Buy" rating on Apple, Inc (AAPL).
Wunderlich reiterated its "Buy" rating on Viacom Inc. (VIA).
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Watson Pharmaceuticals Incorporated (WPI).
Goldman Sachs (NYSE:GS) reiterated its "Buy" rating on QUALCOMM, Inc. (QCOM).
Wedbush reiterated its "Outperform" rating on Aruba Networks, Inc. (ARUN).
Monday, August 29, 2011
VMware (VMW) (AHONY) (ARB) (RIMM) (ARUN) Upgraded
VMware, Inc. (NYSE: VMW), Koninklijke Ahold (NASDAQ: AHONY), Arbitron Inc. (NYSE: ARB), Research In Motion (NASDAQ: RIMM) and Aruba Networks, Inc. (NASDAQ: ARUN) upgraded by analysts.
VMware, Inc. (VMW) was upgraded by Pacific Crest from a “Sector Perform” rating to an “Outperform” rating.
Koninklijke Ahold (AHONY) was upgraded by Citigroup (NYSE:C) from a “Buy” rating to a “Hold” rating.
Arbitron Inc. (ARB) was upgraded by Gilford Securities to a “Buy” rating.
Research In Motion (RIMM) was upgraded by Sterne Agee from a “Neutral” rating to a “Buy” rating. They have a price target of $35.00 on the company.
Aruba Networks, Inc. (ARUN) was upgraded by BMO Capital Markets to a “Market Perform” rating.
VMware, Inc. (VMW) was upgraded by Pacific Crest from a “Sector Perform” rating to an “Outperform” rating.
Koninklijke Ahold (AHONY) was upgraded by Citigroup (NYSE:C) from a “Buy” rating to a “Hold” rating.
Arbitron Inc. (ARB) was upgraded by Gilford Securities to a “Buy” rating.
Research In Motion (RIMM) was upgraded by Sterne Agee from a “Neutral” rating to a “Buy” rating. They have a price target of $35.00 on the company.
Aruba Networks, Inc. (ARUN) was upgraded by BMO Capital Markets to a “Market Perform” rating.
Friday, August 26, 2011
First Solar (FSLR) (ARUN) (CLD) (GEN) (LII) (RIMM) (VMW) (WSO) Upgraded
First Solar (NASDAQ:FSLR), Aruba Networks (NASDAQ:ARUN), Cloud Peak Energy (NYSE:CLD), GenOn Energy (NYSE:GEN), Lennox International (NYSE:LII), Research In Motion (NASDAQ:RIMM), VMware, (NYSE:VMW) and Watsco (NYSE:WSO) upgraded by analysts.
Aruba Networks (ARUN) was upgraded by Capital Markets to a "Market Perform" rating.
Cloud Peak Energy (CLD) was upgraded by Dahlman Rose from a "Hold" rating to a "Buy" rating. They placed a price target of $24 on the company.
First Solar (FSLR) was upgraded by Collins Stewart from a "Neutral" rating to a "Buy" rating. They placed a price target of $132 on the company.
GenOn Energy (NYSE:GEN) was upgraded by SunTrust (NYSE:STI) from a "Neutral" rating to a "Buy" rating.
Lennox International (LII) was upgraded by KeyBanc Capital Markets to a "Buy" rating.
Research In Motion (RIMM) was upgraded by Sterne Agee from a "Neutral" rating to a "Buy" rating.
VMware, (VMW) was upgraded by Pacific Crest from a "Sector Perform" rating to an "Outperform" rating.
Watsco (WSO) was upgraded by KeyBanc Capital Markets to a "Buy" rating.
Aruba Networks (ARUN) was upgraded by Capital Markets to a "Market Perform" rating.
Cloud Peak Energy (CLD) was upgraded by Dahlman Rose from a "Hold" rating to a "Buy" rating. They placed a price target of $24 on the company.
First Solar (FSLR) was upgraded by Collins Stewart from a "Neutral" rating to a "Buy" rating. They placed a price target of $132 on the company.
GenOn Energy (NYSE:GEN) was upgraded by SunTrust (NYSE:STI) from a "Neutral" rating to a "Buy" rating.
Lennox International (LII) was upgraded by KeyBanc Capital Markets to a "Buy" rating.
Research In Motion (RIMM) was upgraded by Sterne Agee from a "Neutral" rating to a "Buy" rating.
VMware, (VMW) was upgraded by Pacific Crest from a "Sector Perform" rating to an "Outperform" rating.
Watsco (WSO) was upgraded by KeyBanc Capital Markets to a "Buy" rating.
First Solar (FSLR) (ARUN) (CLD) (BLK) (HOT) Ratings Changed
First Solar (NASDAQ:FSLR), Aruba Networks (NASDAQ:ARUN), Cloud Peak Energy (NYSE:CLD), BlackRock (NYSE:BLK) and Starwood Hotels (NYSE:HOT) had their ratings changed by analysts.
Aruba Networks (ARUN) was upgraded by BMO from "Underperform" to "Market Perform." They have a price target of $20 on the company. They cited valuation as the catalyst behind the call.
BlackRock (BLK) has a new "Hold" rating on them from Jefferies (NYSE:JEF). They have a price target of $177 on the company.
Cloud Peak Energy (CLD) upgraded by Dahlman Rose from "Hold" to "Buy." They have a price target of $24 on the company.
First Solar (FSLR) was upgraded by Collins Stewart from "Neutral" to "Buy" rating. They have a price target of $132 on the company. They cited valuation as the catalyst behind the call.
Starwood Hotels (HOT) was downgraded by Morgan Stanley (NYSE:MS) from an "Overweight" to "Equal weight" rating. They have a price target of $47 on the company.
Aruba Networks (ARUN) was upgraded by BMO from "Underperform" to "Market Perform." They have a price target of $20 on the company. They cited valuation as the catalyst behind the call.
BlackRock (BLK) has a new "Hold" rating on them from Jefferies (NYSE:JEF). They have a price target of $177 on the company.
Cloud Peak Energy (CLD) upgraded by Dahlman Rose from "Hold" to "Buy." They have a price target of $24 on the company.
First Solar (FSLR) was upgraded by Collins Stewart from "Neutral" to "Buy" rating. They have a price target of $132 on the company. They cited valuation as the catalyst behind the call.
Starwood Hotels (HOT) was downgraded by Morgan Stanley (NYSE:MS) from an "Overweight" to "Equal weight" rating. They have a price target of $47 on the company.
Wednesday, August 24, 2011
Trina Solar (TSL) (APKT) (RVBD) (ARUN) (FFIV) Price Targets Changed
Trina Solar (NYSE: TSL), Acme Packet, Inc. (NASDAQ: APKT), Riverbed Technology, Inc. (NASDAQ: RVBD), Aruba Networks, Inc. (NASDAQ: ARUN) and F5 Networks (NASDAQ: FFIV) price targets adjusted by analysts.
Trina Solar (TSL) had its price target lowered by Collins Stewart from $19.00 to $15.00. They have a “Neutral” rating on the company.
Acme Packet, Inc. (APKT) had its price target lowered by Barclays Capital from $74.00 to $65.00. They have an “Overweight” rating on the company.
Riverbed Technology, Inc. (RVBD) had its price target lowered by Barclays Capital from $38.00 to $30.00. They have an “Overweight” rating on the company.
Aruba Networks, Inc. (ARUN) had its price target lowered by Barclays Capital from $33.00 to $23.00. They have an “Overweight” rating on the company.
F5 Networks (FFIV) had its price target lowered by Barclays Capital from $118.00 to $100.00. They have an “Overweight” rating on the company.
Trina Solar (TSL) had its price target lowered by Collins Stewart from $19.00 to $15.00. They have a “Neutral” rating on the company.
Acme Packet, Inc. (APKT) had its price target lowered by Barclays Capital from $74.00 to $65.00. They have an “Overweight” rating on the company.
Riverbed Technology, Inc. (RVBD) had its price target lowered by Barclays Capital from $38.00 to $30.00. They have an “Overweight” rating on the company.
Aruba Networks, Inc. (ARUN) had its price target lowered by Barclays Capital from $33.00 to $23.00. They have an “Overweight” rating on the company.
F5 Networks (FFIV) had its price target lowered by Barclays Capital from $118.00 to $100.00. They have an “Overweight” rating on the company.
Taleo (TLEO) (AKAM) (MSFT) (AMAT) (RCII) (ARUN) Price Targets Changed
Taleo Corp. (NASDAQ: TLEO), Akamai Technologies (NASDAQ: AKAM), Microsoft Corp (NASDAQ: MSFT), Applied Materials, Inc. (NASDAQ: AMAT), Rent-A-Center, Inc (NASDAQ: RCII) and Aruba Networks, Inc. (NASDAQ: ARUN) had price targets adjusted by analysts.
Taleo Corp. (TLEO) had its price target lowered by Stifel Nicolaus from $42.00 to $35.00. They have a “Buy” rating on the company.
Akamai Technologies (AKAM) had its price target lowered by Stifel Nicolaus from $36.00 to $32.00. They have a “Buy” rating on the company.
Microsoft Corp. (MSFT) had its price target lowered by Stifel Nicolaus from $37.00 to $32.00. They have a “Buy” rating on the company.
Applied Materials, Inc. (AMAT) had its price target lowered by RBC Capital from $14.00 to $12.00. They have a “Sector Perform” rating on the company.
Rent-A-Center, Inc. (RCII) had its price target lowered by Northland Securities from $37.00 to $31.00. They have an “Outperform” rating on the company.
Aruba Networks, Inc. (ARUN) had its price target lowered by RBC Capital from $36.00 to $25.00. They have an “Outperform” rating on the company.
Taleo Corp. (TLEO) had its price target lowered by Stifel Nicolaus from $42.00 to $35.00. They have a “Buy” rating on the company.
Akamai Technologies (AKAM) had its price target lowered by Stifel Nicolaus from $36.00 to $32.00. They have a “Buy” rating on the company.
Microsoft Corp. (MSFT) had its price target lowered by Stifel Nicolaus from $37.00 to $32.00. They have a “Buy” rating on the company.
Applied Materials, Inc. (AMAT) had its price target lowered by RBC Capital from $14.00 to $12.00. They have a “Sector Perform” rating on the company.
Rent-A-Center, Inc. (RCII) had its price target lowered by Northland Securities from $37.00 to $31.00. They have an “Outperform” rating on the company.
Aruba Networks, Inc. (ARUN) had its price target lowered by RBC Capital from $36.00 to $25.00. They have an “Outperform” rating on the company.
Priceline (PCLN) (PLCE) (XOXO) (AOL) (AMRC) (ARUN) Get New Coverage
Priceline (NASDAQ: PCLN), Children’s Place Retail Stores, Inc. (NASDAQ: PLCE), XO Group Inc (NASDAQ: XOXO), AOL (NYSE: AOL), Ameresco Inc (NASDAQ: AMRC) and Aruba Networks, Inc. (NASDAQ: ARUN) getting new analyst coverage.
Credit Suisse (NYSE:CS) initiated coverage on Priceline (PCLN). They placed an “Outperform” rating on the company.
Janney Montgomery Scott initiated coverage on Children’s Place Retail Stores, Inc. (PLCE). They placed a “Neutral” rating and a price target of $45.00 on the company.
Credit Agricole initiated coverage on XO Group Inc. (XOXO). They placed an “Underperform” rating on the company.
Credit Agricole initiated coverage on AOL (AOL). They placed an “Outperform” rating on the company.
Wedbush initiated coverage on Ameresco Inc. (AMRC). They placed an “Outperform” rating and a price target of $17.00 on the company.
Brigantine initiated coverage on Aruba Networks, Inc. (ARUN). They placed a “Buy” rating and a price target of $20.00 on the company.
Credit Suisse (NYSE:CS) initiated coverage on Priceline (PCLN). They placed an “Outperform” rating on the company.
Janney Montgomery Scott initiated coverage on Children’s Place Retail Stores, Inc. (PLCE). They placed a “Neutral” rating and a price target of $45.00 on the company.
Credit Agricole initiated coverage on XO Group Inc. (XOXO). They placed an “Underperform” rating on the company.
Credit Agricole initiated coverage on AOL (AOL). They placed an “Outperform” rating on the company.
Wedbush initiated coverage on Ameresco Inc. (AMRC). They placed an “Outperform” rating and a price target of $17.00 on the company.
Brigantine initiated coverage on Aruba Networks, Inc. (ARUN). They placed a “Buy” rating and a price target of $20.00 on the company.
Sunday, May 22, 2011
Price Targets (ARUN) (URBN) (VIT) (ADI) (BXP) Weekly Recap
Price targets on shares of Aruba Networks, Inc. (NASDAQ: ARUN), Urban Outfitters, Inc. (NASDAQ: URBN), VanceInfo Technologies Inc. (NYSE: VIT), Analog Devices, Inc. (NYSE: ADI) and Boston Properties (NYSE: BXP) updated by analysts during the last week.
Wedbush analysts raised their price target on Aruba Networks, Inc. (ARUN) to $29.00.
Morgan Stanley (NYSE:MS) cut their price target on Urban Outfitters, Inc. (URBN) from $36.00 to $34.00.
Deutsche Bank (NYSE:DB) cut their price target on VanceInfo Technologies Inc. (VIT) from $40.00 to $37.00. They have a “buy” rating on the company.
Goldman Sachs (NYSE:GS) raised their price target on Analog Devices, Inc. (ADI) to $40.00.
RBC Capital raised their price target on Boston Prpts (BXP) from $101.00 to $113.00. They have a “sector perform” rating on the company.
Wedbush analysts raised their price target on Aruba Networks, Inc. (ARUN) to $29.00.
Morgan Stanley (NYSE:MS) cut their price target on Urban Outfitters, Inc. (URBN) from $36.00 to $34.00.
Deutsche Bank (NYSE:DB) cut their price target on VanceInfo Technologies Inc. (VIT) from $40.00 to $37.00. They have a “buy” rating on the company.
Goldman Sachs (NYSE:GS) raised their price target on Analog Devices, Inc. (ADI) to $40.00.
RBC Capital raised their price target on Boston Prpts (BXP) from $101.00 to $113.00. They have a “sector perform” rating on the company.
Friday, May 20, 2011
Price Targets on (GPS) (AAPL) (ADSK) (ARO) (ARUN) Updated
Price targets on shares of The Gap Inc. (NYSE: GPS), Apple, Inc (NASDAQ: AAPL), Autodesk (NASDAQ: ADSK), Aeropostale, Inc. (NYSE: ARO) and Aruba Networks, Inc. (NASDAQ: ARUN) were updated by analysts.
Janney Montgomery Scott cut their price target on The Gap Inc. (GPS) from $24.00 to $21.00. They have a “neutral” rating on the company.
Sterne Agee raised their price target on Apple, Inc (AAPL) to $460.00.
Piper Jaffray (NYSE:PJC) raised their price target on Autodesk (ADSK) to $44.00.
Citigroup (NYSE:C) cut their price target on Aeropostale, Inc. (ARO) to $22.00.
UBS AG (NYSE:UBS) raised their price target on Aruba Networks, Inc. (ARUN) from $31.00 to $33.00. They have a “neutral” rating on the company.
Janney Montgomery Scott cut their price target on The Gap Inc. (GPS) from $24.00 to $21.00. They have a “neutral” rating on the company.
Sterne Agee raised their price target on Apple, Inc (AAPL) to $460.00.
Piper Jaffray (NYSE:PJC) raised their price target on Autodesk (ADSK) to $44.00.
Citigroup (NYSE:C) cut their price target on Aeropostale, Inc. (ARO) to $22.00.
UBS AG (NYSE:UBS) raised their price target on Aruba Networks, Inc. (ARUN) from $31.00 to $33.00. They have a “neutral” rating on the company.
Ratings on (INTU) (RAX) (ARO) (ADSK) (ARUN) Reiterated
Ratings on shares of Intuit Inc. (NASDAQ: INTU), Rackspace Hosting, Inc. (NYSE: RAX), Aeropostale, Inc. (ARO), Autodesk (NASDAQ: ADSK) and Aruba Networks, Inc. (NASDAQ: ARUN) were reiterated by analysts.
Wedbush reiterated an “outperform” rating on Intuit Inc. (INTU).
Stifel Nicolaus reiterated a “buy” rating on Rackspace Hosting, Inc. (RAX).
Morgan Stanley (NYSE:MS) reiterated an “underweight” rating on Aeropostale, Inc. (ARO).
Stifel Nicolaus reiterated a “hold” rating on Autodesk (ADSK).
Wedbush reiterated a “neutral” rating on Aruba Networks, Inc. (ARUN).
Wedbush reiterated an “outperform” rating on Intuit Inc. (INTU).
Stifel Nicolaus reiterated a “buy” rating on Rackspace Hosting, Inc. (RAX).
Morgan Stanley (NYSE:MS) reiterated an “underweight” rating on Aeropostale, Inc. (ARO).
Stifel Nicolaus reiterated a “hold” rating on Autodesk (ADSK).
Wedbush reiterated a “neutral” rating on Aruba Networks, Inc. (ARUN).
Wednesday, May 18, 2011
Price Targets on (ADI) (AMGN) (ARUN) (COKE) (CSA) Updated
Price Targets on Analog Devices, Inc. (NYSE: ADI), Amgen, Inc. (NASDAQ: AMGN), Aruba Networks, Inc. (NASDAQ: ARUN), Coca-Cola Bottling Co. Consolidated (NASDAQ: COKE) and Cogdell Spencer Inc (NYSE: CSA) updated by analysts.
Deutsche Bank (NYSE:DB) raised their price target on Analog Devices, Inc. (ADI) to $42.00.
Bank of America (NYSE:BAC) raised their price target on Amgen, Inc. (AMGN) to $62.00.
Wedbush raised their price target on Aruba Networks, Inc. (ARUN) to $29.00.
Citigroup (NYSE:C) raised their price target on Coca-Cola Bottling Co. Consolidated (COKE) to $69.00.
Deutsche Bank raised their price target on Cogdell Spencer Inc (CSA) to $20.00.
Deutsche Bank (NYSE:DB) raised their price target on Analog Devices, Inc. (ADI) to $42.00.
Bank of America (NYSE:BAC) raised their price target on Amgen, Inc. (AMGN) to $62.00.
Wedbush raised their price target on Aruba Networks, Inc. (ARUN) to $29.00.
Citigroup (NYSE:C) raised their price target on Coca-Cola Bottling Co. Consolidated (COKE) to $69.00.
Deutsche Bank raised their price target on Cogdell Spencer Inc (CSA) to $20.00.
Price Targets on (ADI) (ARUN) (BXP) (COKE) (CSA) Updated
Price Targets on Analog Devices, Inc. (NYSE: ADI), Aruba Networks, Inc. (NASDAQ: ARUN), Boston Properties (NYSE: BXP), Coca-Cola Bottling Co. Consolidated (NASDAQ: COKE) and Cogdell Spencer Inc (NYSE: CSA) updated by analysts.
Goldman Sachs (NYSE:GS) raised their price target on Analog Devices, Inc. (ADI) to $40.00.
Wedbush raised their price target on Aruba Networks, Inc. (ARUN) to $29.00.
RBC Capital raised their price target on Boston Properties (BXP) from $101.00 to $113.00. They have a “sector perform” rating on the company.
Citigroup (NYSE:C) raised their price target on Coca-Cola Bottling Co. Consolidated (COKE) to $69.00.
Goldman Sachs (NYSE:GS) raised their price target on Cogdell Spencer Inc (CSA) to $13.00. They have a “sell” rating on the company.
Goldman Sachs (NYSE:GS) raised their price target on Analog Devices, Inc. (ADI) to $40.00.
Wedbush raised their price target on Aruba Networks, Inc. (ARUN) to $29.00.
RBC Capital raised their price target on Boston Properties (BXP) from $101.00 to $113.00. They have a “sector perform” rating on the company.
Citigroup (NYSE:C) raised their price target on Coca-Cola Bottling Co. Consolidated (COKE) to $69.00.
Goldman Sachs (NYSE:GS) raised their price target on Cogdell Spencer Inc (CSA) to $13.00. They have a “sell” rating on the company.
Tuesday, April 5, 2011
Cisco (CSCO) Has More Pain to Come Says Gleacher
Cisco Systems (CSCO) will continue to struggle according to Gleacher & Co. analyst Brian Marshall, who recommended for investors to resist the temptation to acquire the stock on low valuation at this time, as its “financial model is likely to continue to deteriorate.”
Marshall pointed to some of the competitors of Cisco, like Aruba Networks (ARUN), F5 Networks (FFIV), Juniper Networks (JNPR) and Acme Packet (APKT) as having carved out some niche positions in markets like Application Networking and WAN Optimization as factors nibbling away at the strength of the company.
Marshall said, "In the mid- to late-1990s (e.g., 1995 to 1999), CSCO grew its total revenue base on average 52.9% Y/Y each year […] However, during the last 10 calendar years, CSCO’s average annual revenue growth decline to just 6.9%, year over year, as the company’s market share began to peak and its core market opportunity became exhausted or fully penetrated. […] If CSCO truly wants to grow 12-17% over the long-term, the company will have to identify the source of the $4.6 billion of incremental annual revenue derived from non-core markets. If one assumes CSCO will remain acquisitive (highly likely), adding roughly $500 million of acquired annual revenue would still leave a $4.1 billion hole relative to plan. The investment community will certainly require more granularity than just the simple statement “the remaining $4.1 billion revenue stream will come from advanced technologies and new market adjacencies”. Many bears believe as CSCO searches for incremental revenue growth outside its core networking/telecom vertical, the company will dilute its current margin profile. In fact, this trend has already begun as operating margins have decline almost 600bps over the past 12 months (e.g., 30.3% in January 2010 to 24.5% in January 2011). If CSCO continues to enjoy success with its new market expansion opportunities (e.g., UCS servers, Flip camcorder, Cius enterprise tablet, etc.), it is inevitable the company will suffer a lower margin profile in the future."
Cisco was trading at $17.27, gaining $0.21, or 1.23 percent, as of 11:45 AM EDT.
Marshall pointed to some of the competitors of Cisco, like Aruba Networks (ARUN), F5 Networks (FFIV), Juniper Networks (JNPR) and Acme Packet (APKT) as having carved out some niche positions in markets like Application Networking and WAN Optimization as factors nibbling away at the strength of the company.
Marshall said, "In the mid- to late-1990s (e.g., 1995 to 1999), CSCO grew its total revenue base on average 52.9% Y/Y each year […] However, during the last 10 calendar years, CSCO’s average annual revenue growth decline to just 6.9%, year over year, as the company’s market share began to peak and its core market opportunity became exhausted or fully penetrated. […] If CSCO truly wants to grow 12-17% over the long-term, the company will have to identify the source of the $4.6 billion of incremental annual revenue derived from non-core markets. If one assumes CSCO will remain acquisitive (highly likely), adding roughly $500 million of acquired annual revenue would still leave a $4.1 billion hole relative to plan. The investment community will certainly require more granularity than just the simple statement “the remaining $4.1 billion revenue stream will come from advanced technologies and new market adjacencies”. Many bears believe as CSCO searches for incremental revenue growth outside its core networking/telecom vertical, the company will dilute its current margin profile. In fact, this trend has already begun as operating margins have decline almost 600bps over the past 12 months (e.g., 30.3% in January 2010 to 24.5% in January 2011). If CSCO continues to enjoy success with its new market expansion opportunities (e.g., UCS servers, Flip camcorder, Cius enterprise tablet, etc.), it is inevitable the company will suffer a lower margin profile in the future."
Cisco was trading at $17.27, gaining $0.21, or 1.23 percent, as of 11:45 AM EDT.
Friday, January 28, 2011
Riverbed Technology (Nasdaq:RVBD) Looks Good Going Forward
Riverbed Technology (RVBD) reported large fourth quarter sales and profit growth that beat analyst estimates and appeared to calm nervous investors.
The developer of products to safely speed, or "optimize," data and apps over wide-area networks said per-share profit minus items soared 73% to 19 cents from 11 cents in the same quarter last year. Revenue increased 47% to $165.4 million.
For the exiting quarter, Riverbed expects sales in a range of $159 million to $161 million, which would jump 41% to 43% and above the $154.6 million analysts are looking for. Riverbed says it expects gross margin to be level at 78%.
F5 Networks (FFIV), earlier this week, dragged down fellow cloud computing stocks January 19 when it reported sales, and a sales outlook, which missed outlooks. Besides Riverbed, other notable cloud stocks that plummeted included Juniper Networks (JNPR), Aruba Networks (ARUN) and Blue Coat Systems (BCSI).
For full year 2010, Riverbed's per-share profit surged 74% to 59 cents. Full-year 2010 revenue increased 40% to $551.9 million.
Riverbe CEO and co-founder Jerry Kennelly, said, "Riverbed's financial performance is almost unmatched by our technology peers over the past 12 months. Our addressable market is expanding, and our core business drivers are strong."
Wedbush noted, "We think Riverbed represents an attractive way for investors to capitalize on powerful secular trends in technology including datacenter consolidation, datacenter virtualization, and public cloud migrations all of which we expect to continue to gain momentum in 2011. We think the company is entering 2011 with significant momentum and visibility and has potential to continue to exceed estimates over the next several quarters. Our preliminary checks with channel suggest that core WAN optimization market still poised for significant growth as contacts report strong budget flush dynamics in Q4."
Riverbed Technology closed Thursday at $34.91, up $0.62, or 1.80 percent.
The developer of products to safely speed, or "optimize," data and apps over wide-area networks said per-share profit minus items soared 73% to 19 cents from 11 cents in the same quarter last year. Revenue increased 47% to $165.4 million.
For the exiting quarter, Riverbed expects sales in a range of $159 million to $161 million, which would jump 41% to 43% and above the $154.6 million analysts are looking for. Riverbed says it expects gross margin to be level at 78%.
F5 Networks (FFIV), earlier this week, dragged down fellow cloud computing stocks January 19 when it reported sales, and a sales outlook, which missed outlooks. Besides Riverbed, other notable cloud stocks that plummeted included Juniper Networks (JNPR), Aruba Networks (ARUN) and Blue Coat Systems (BCSI).
For full year 2010, Riverbed's per-share profit surged 74% to 59 cents. Full-year 2010 revenue increased 40% to $551.9 million.
Riverbe CEO and co-founder Jerry Kennelly, said, "Riverbed's financial performance is almost unmatched by our technology peers over the past 12 months. Our addressable market is expanding, and our core business drivers are strong."
Wedbush noted, "We think Riverbed represents an attractive way for investors to capitalize on powerful secular trends in technology including datacenter consolidation, datacenter virtualization, and public cloud migrations all of which we expect to continue to gain momentum in 2011. We think the company is entering 2011 with significant momentum and visibility and has potential to continue to exceed estimates over the next several quarters. Our preliminary checks with channel suggest that core WAN optimization market still poised for significant growth as contacts report strong budget flush dynamics in Q4."
Riverbed Technology closed Thursday at $34.91, up $0.62, or 1.80 percent.
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