UBS on Communication Equipment: Q2 Preview - Expecting A Challenging Quarter...For Some
Tweet Send to a FriendGet Alerts RVBD Hot Sheet
Price: $16.54 +0.49%
Rating Summary:
15 Buy, 19 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
15 Buy, 19 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade RVBD Now!
UBS on Communication Equipment: Q2 Preview - Expecting A Challenging Quarter
Analyst, Nikos Theodosopoulos, sees weakening marco environment during the quarter and the firm's read through to peer IT companies, supply chains and VARs. Europe and U.S. Government seem to be the largest culprits.
Theodosopoulos sees Riverbed (Nasdaq: RVBD), F5 (Nasdaq: FFIV) and Juniper (Nasdaq: JNPR), Polycom (Nasdaq: PLCM) and Aruba Networks (Nasdaq: ARUN) being vulnerable to either miss or guide down in their respective Q2 reports. He says JDS Uniphase (Nasdaq: JDSU) has a smaller enterprise business, but is still not immune to telco spending. (JNPR's price target gets cut from $21 to $17)
Onto more positive leads, Theodosopoulos, said, "...we see Arris Group (Nasdaq: ARRS), Corning (NYSE: GLW) and ADTRAN (Nasdaq: ADTN) has having less relative risk going into 2Q in terms of results and guidance. For ARRS, checks indicate the WiFi EMTA upgrade cycle is still strong, supported by strong 1Q b2b of 1.43. For GLW, though TV demand is soft, we likely will see in line volume and pricing trends in the quarter. For ADTN, we expect limited exposure to weak areas of macro (very little EMEA, Financials and GOV) should provide protection."
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, Nikos Theodosopoulos, sees weakening marco environment during the quarter and the firm's read through to peer IT companies, supply chains and VARs. Europe and U.S. Government seem to be the largest culprits.
Theodosopoulos sees Riverbed (Nasdaq: RVBD), F5 (Nasdaq: FFIV) and Juniper (Nasdaq: JNPR), Polycom (Nasdaq: PLCM) and Aruba Networks (Nasdaq: ARUN) being vulnerable to either miss or guide down in their respective Q2 reports. He says JDS Uniphase (Nasdaq: JDSU) has a smaller enterprise business, but is still not immune to telco spending. (JNPR's price target gets cut from $21 to $17)
Onto more positive leads, Theodosopoulos, said, "...we see Arris Group (Nasdaq: ARRS), Corning (NYSE: GLW) and ADTRAN (Nasdaq: ADTN) has having less relative risk going into 2Q in terms of results and guidance. For ARRS, checks indicate the WiFi EMTA upgrade cycle is still strong, supported by strong 1Q b2b of 1.43. For GLW, though TV demand is soft, we likely will see in line volume and pricing trends in the quarter. For ADTN, we expect limited exposure to weak areas of macro (very little EMEA, Financials and GOV) should provide protection."
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
- UPDATE: BofA/Merrill Lynch Upgrades Adobe (ADBE) to Buy
- Adobe (ADBE) Posts Positive Creative Cloud Subscriber Surprise in Q2 - Jefferies
- Wedbush Starts USG Corp. (USG) at Neutral
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBS
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!
