Nomura Securities Maintains a 'Neutral' on Alcatel-Lucent (ALU); Speedy New 7950 XRS Core Router

May 24, 2012 9:04 AM EDT
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Nomura Securities maintains a 'Neutral' on Alcatel-Lucent (NYSE: ALU) price target of $1.27.

Analyst, Stuart Jeffrey, said, "New 7950 XRS core router beats rivals solutions on speed, density and feature sets. Relative to prior expectations, the product is set to launch slightly earlier than we had thought and boasts greater density levels. We believe that this positions Alcatel-Lucent well to gain between a 10% and 20% share of the core router market by end-2014. We have modestly raised our 2013/14 revenue estimates by 0.4%/1.1%, while 2014 recurring EPS is increased to EUR 0.09 from EUR 0.08. ALU’s rating remains Neutral on liquidity concerns, Cisco (Nasdaq: CSCO) remains Buy rated given low multiples and core share gains are already in estimates, Juniper (Nasdaq: JNPR) remains Neutral with a negative bias given headwinds to long-term growth."

For an analyst ratings summary and ratings history on Alcatel-Lucent click here. For more ratings news on Alcatel-Lucent click here.

Shares of Alcatel-Lucent closed at $1.57 yesterday.

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