Nomura Securities Maintains a 'Neutral' on Alcatel-Lucent (ALU); Speedy New 7950 XRS Core Router
Tweet Send to a FriendGet Alerts ALU Hot Sheet
Price: $1.48 +2.78%
Rating Summary:
7 Buy, 8 Hold, 8 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
7 Buy, 8 Hold, 8 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade ALU Now!
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, with a 52 week range of $1.39-$6.05.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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, with a 52 week range of $1.39-$6.05.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
- Deutsche Bank Resumes CenterPoint Energy (CNP) at Hold
- Janney Capital Trims Numbers on Buckle (BKE), Margins Peaking
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Nomura
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
