Nomura Securities on Global Communications Equipment: Q2 Preview (ALU, ERIC, NOK, JNPR, FFIV, CSCO, RVBD, CIEN)
Tweet Send to a FriendGet Alerts NOK Hot Sheet
Price: $3.83 -0.78%
Rating Summary:
10 Buy, 14 Hold, 15 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
10 Buy, 14 Hold, 15 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade NOK Now!
Nomura Securities on Global Communications Equipment: Q2 Preview
Analyst, Stuart Jeffrey, said, "Stuart Jeffrey, "We do not expect any of our coverage stocks to pre-announce, but, if any do, they are likely to do so the week of July 9. We see a high risk that carrier-related revenues miss expectations for 2Q, and we expect outlook comments for 2H to remain cautious. We expect our sector will likely perform poorly through the 2Q results season. Alcatel-Lucent (NYSE: ALU, Ericsson (Nasdaq; ERIC), Nokia’s (NYSE: NOK) NSN unit and Juniper (NasdaqL JNPR) may thus see risk to revenue expectations. We expect 2Q enterprise revenues to meet expectations but see a risk that guidance disappoints. However, pockets of strength include F5’s (Nasdaq: FFIV) ADC market. Cisco (Nasdaq: CSCO) is likely to remain cautious on macro trends, Riverbed (Nasdaq: RVBD) may have some scope to outperform. We see further downside risk to estimates at Nokia and TomTom, given secular and macro pressures. While industry pressures remain, we believe that Ciena (Nasdaq: CIEN), Cisco and Ericsson have scope to surprise due to company-specific dynamics.
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, "Stuart Jeffrey, "We do not expect any of our coverage stocks to pre-announce, but, if any do, they are likely to do so the week of July 9. We see a high risk that carrier-related revenues miss expectations for 2Q, and we expect outlook comments for 2H to remain cautious. We expect our sector will likely perform poorly through the 2Q results season. Alcatel-Lucent (NYSE: ALU, Ericsson (Nasdaq; ERIC), Nokia’s (NYSE: NOK) NSN unit and Juniper (NasdaqL JNPR) may thus see risk to revenue expectations. We expect 2Q enterprise revenues to meet expectations but see a risk that guidance disappoints. However, pockets of strength include F5’s (Nasdaq: FFIV) ADC market. Cisco (Nasdaq: CSCO) is likely to remain cautious on macro trends, Riverbed (Nasdaq: RVBD) may have some scope to outperform. We see further downside risk to estimates at Nokia and TomTom, given secular and macro pressures. While industry pressures remain, we believe that Ciena (Nasdaq: CIEN), Cisco and Ericsson have scope to surprise due to company-specific dynamics.
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
- Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
- UPDATE: UBS Starts Insmed (INSM) at Buy
- UPDATE: Bernstein Cuts BlackBerry (BBRY) to Underperform; Notes Weak BB10 Traction
Create E-mail Alert Related Categories
Analyst Comments, 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!
