MKM Partners Reiterates a 'Buy' on Tellabs (TLAB); Winning Two Ways

July 30, 2012 10:53 AM EDT
Get Alerts TLAB Hot Sheet
Price: $2.44 --0%

Rating Summary:
    2 Buy, 12 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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MKM Partners reiterates a 'Buy' on Tellabs (NASDAQ: TLAB) price target of $4.50.

Analyst, Michael Genovese, said, "We see two ways to win with TLAB - EV expansion from stability and M&A potential. Tellabs' $288mn enterprise value, which is just 0.25x sales, should continue to improve... Looking further ahead, revenues should see a solid 4Q12 sequential increase driven by seasonality. We expect the shares to work from current levels based on the above factors alone. In addition there is the potential that Tellabs' IP/Ethernet products, Metro Optical products and/or Services unit may find interest from strategic or private equity buyers, which could help further unlock value in TLAB."

For an analyst ratings summary and ratings history on Tellabs click here. For more ratings news on Tellabs click here.

Shares of Tellabs closed at $3.33 yesterday.

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