Wedbush Reiterates an Outperform to AsiaInfo Holdings (ASIA); Raises 2009 Estimates
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Wedbush reiterates an Outperform to AsiaInfo Holdings (Nasdaq: ASIA), price target $28.
Wedbush analyst says, "We view AsiaInfo as one of the best smid cap growth ideas given the solid Q3 EPS beat and Q4 outlook that implies continued robust growth in revenue and EPS. We would use recent weakness to add to or establish positions. Q3 EPS easily exceeds expectations on in-line revenue. Contract momentum and robust growth in the China telecom market should lead to solid growth through 2010 and beyond. We believe recent balance sheet concerns are overblown. Increasing our 2009 EPS estimates and maintaining our 2010 above consensus estimates, which we recently increased when we upgraded shares of ASIA."
To see more analyst ratings on ASIA Click Here.
AsiaInfo Holdings, Inc. provides telecommunications software solutions, and information technology (IT) security products and services for telecommunications service providers, as well as to other major enterprises in China.
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