Barclays Maintains an 'Equalweight' on Tellabs (TLAB); Share Pressure Continues
TLAB Hot Sheet
Rating Summary:1 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 82
Barclays maintains an 'Equalweight' on Tellabs (NASDAQ: TLAB), PT $5.
Barclays analyst says, "We reduce our estimates below consensus to reflect further market share concerns: Our lowered estimates reflect new concerns around the 7100 trajectory, AT&T (NYSE: T) /T-Mobile (NYSE: DT)(NYSE: VZ) acquisition, and rising SmartCore (EPC) competition...We lower our 2011/12 EPS estimates to ($0.02)/$0.06 vs. consensus of $0.01/$0.09. Upside in FY12 to $0.12 on better int'l; downside to $0.01 on further T/VZ declines. Valuation is not attractive even in an upside case, in our view."
For more ratings news on Tellabs click here and for the rating history of Tellabs click here.
Shares of Tellabs closed at $5.32 yesterday, with a 52 week range of $4.87-$9.45.
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Barclays analyst says, "We reduce our estimates below consensus to reflect further market share concerns: Our lowered estimates reflect new concerns around the 7100 trajectory, AT&T (NYSE: T) /T-Mobile (NYSE: DT)(NYSE: VZ) acquisition, and rising SmartCore (EPC) competition...We lower our 2011/12 EPS estimates to ($0.02)/$0.06 vs. consensus of $0.01/$0.09. Upside in FY12 to $0.12 on better int'l; downside to $0.01 on further T/VZ declines. Valuation is not attractive even in an upside case, in our view."
For more ratings news on Tellabs click here and for the rating history of Tellabs click here.
Shares of Tellabs closed at $5.32 yesterday, with a 52 week range of $4.87-$9.45.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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