Ratings on Amazon.com, Inc. (NASDAQ: AMZN), Boeing Company (NYSE: BA), Brigham Exploration (NASDAQ: BEXP), Ceragon Networks Ltd. (NASDAQ: CRNT) and Cogdell Spencer Inc (NYSE: CSA) reiterated by analysts.
Benchmark Co. placed a price target of $212.00 on Amazon.com, Inc. (AMZN). They have a “buy” rating on the company.
EarlyBird Capital reiterated a “buy” rating on The Boeing Company (BA). They have a price target of $90.00 on the company.
BMC Equities Research reiterated a “buy” rating on Cogdell Spencer Inc (CSA). They have a price target of $19.00 on the company.
Global Hunter Securities reiterated an “accumulate” rating on Brigham Exploration (BEXP).
Hudson Securities reiterated a “buy” rating on Ceragon Networks Ltd. (CRNT).
Showing posts with label Ceragon Networks. Show all posts
Showing posts with label Ceragon Networks. Show all posts
Wednesday, May 18, 2011
Monday, January 24, 2011
Ceragon (Nasdaq:CRNT), DragonWave (Nasdaq:DRWI), Anaren (Nasdaq:ANEN) to Benefit from Wireless Infrastructure Spending
Saying they believe the spend for wireless infrastructure should continue to grow in 2011, Canaccord sees Ceragon (Nasdaq:CRNT), DragonWave (Nasdaq:DRWI) and Anaren (Nasdaq:ANEN) continuing to benefit from it.
Canaccord says, "Based on our proprietary telecom survey, we believe vendors exposed to wireless infrastructure spending and mobile backhaul spending should benefit as carriers increase spending in these key areas to meet growing bandwidth demand. This demand is the result of increased traffic growth from smartphones and connected mobile computing tablets and laptops. For 2011, we prefer smaller cap companies with exposure to growth segments in infrastructure, a diversified customer base, and a defensible business model versus larger cap incumbents. We reiterate our BUY rating for Ceragon Networks (CRNT), DragonWave (DRWI), and Anaren (ANEN). We are increasing our Powerwave (PWAV) estimates but maintain our HOLD rating, and we maintain our HOLD rating on Ericsson (ERIC)."
Ceragon was trading at $13.40, up $0.24, or 1.82 percent, as of 2:48 PM EST. DragonWave was trading at $7.44, up $0.11, or 1.50 percent. Anaren was trading at $21.37, up $0.26, or 1.23 percent.
Canaccord says, "Based on our proprietary telecom survey, we believe vendors exposed to wireless infrastructure spending and mobile backhaul spending should benefit as carriers increase spending in these key areas to meet growing bandwidth demand. This demand is the result of increased traffic growth from smartphones and connected mobile computing tablets and laptops. For 2011, we prefer smaller cap companies with exposure to growth segments in infrastructure, a diversified customer base, and a defensible business model versus larger cap incumbents. We reiterate our BUY rating for Ceragon Networks (CRNT), DragonWave (DRWI), and Anaren (ANEN). We are increasing our Powerwave (PWAV) estimates but maintain our HOLD rating, and we maintain our HOLD rating on Ericsson (ERIC)."
Ceragon was trading at $13.40, up $0.24, or 1.82 percent, as of 2:48 PM EST. DragonWave was trading at $7.44, up $0.11, or 1.50 percent. Anaren was trading at $21.37, up $0.26, or 1.23 percent.
Friday, January 21, 2011
Ceragon Networks' (NASDAQ:CRNT) Acquisition of 'NERA Networks AS' as Dilutive 2011, Accretive 2012
After the acquisition of NERA Networks AS from Eltek ASA, Canaccord said they see the deal being dilutive to 2011 and accretive to 2012.
Canaccord says, "Ceragon Networks announced the acquisition of NERA Networks AS from Eltek ASA for approximately $48.5M, cash- and debtfree. Consistent with management commentary, we expect the acquisition to be dilutive to 2011 but substantially accretive to 2012 earnings...we have revised our 2011 revenue and pro forma EPS estimates from $291M/$0.75 to $461M/$0.45 and raised our 2012 estimates from $354M/$0.90 to $548M/$1.08."
Canaccord Genuity maintains a "Buy" rating on Ceragon Networks (CRNT), which closed Thursday at $13.18, losing $1.06, or 7.44 percent. Canaccord has a price target of $18 on Ceragon.
Canaccord says, "Ceragon Networks announced the acquisition of NERA Networks AS from Eltek ASA for approximately $48.5M, cash- and debtfree. Consistent with management commentary, we expect the acquisition to be dilutive to 2011 but substantially accretive to 2012 earnings...we have revised our 2011 revenue and pro forma EPS estimates from $291M/$0.75 to $461M/$0.45 and raised our 2012 estimates from $354M/$0.90 to $548M/$1.08."
Canaccord Genuity maintains a "Buy" rating on Ceragon Networks (CRNT), which closed Thursday at $13.18, losing $1.06, or 7.44 percent. Canaccord has a price target of $18 on Ceragon.
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