Oscar Gruss Downgrades Alvarion Ltd. (ALVR) to Hold; Cautious Outlook
ALVR Hot Sheet
Rating Summary:0 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 24 | Down: 13 | New: 29
Oscar Gruss downgrades Alvarion Ltd. (Nasdaq: ALVR) from Buy to Hold. Price target lowered from $6 to $5.
Oscar analyst says, "ALVR reported revenues and earnings above street’s. However, Company’s guidance fell short of expectations mirroring a more cautious outlook on growth into next year. We are downgrading our rating and target price to HOLD and $5.00 given the company’s hesitant outlook. This reflects further regulatory delays, competitive pressures from Chinese players and credit constraints hindering WiMAX growth...We believe the Company’s pure-play strategy positions Alvarion to capture meaningful opportunities once hesitation dissipates. Until then, we are taking a neutral stance awaiting for more enabling/success factors to come together. Our $5.00 price target reflects EV/Sales ratios of 1.0x and 0.8x for 2009 and 2010, respectively, inline with peers."
To see more analyst ratings on ALVR Click Here.
Alvarion Ltd. supplies top-tier carriers, Internet service providers (ISPs), and private network operators with solutions based on the Worldwide Interoperability for Microwave Access (WiMAX) standard, as well as other wireless broadband solutions.
Oscar analyst says, "ALVR reported revenues and earnings above street’s. However, Company’s guidance fell short of expectations mirroring a more cautious outlook on growth into next year. We are downgrading our rating and target price to HOLD and $5.00 given the company’s hesitant outlook. This reflects further regulatory delays, competitive pressures from Chinese players and credit constraints hindering WiMAX growth...We believe the Company’s pure-play strategy positions Alvarion to capture meaningful opportunities once hesitation dissipates. Until then, we are taking a neutral stance awaiting for more enabling/success factors to come together. Our $5.00 price target reflects EV/Sales ratios of 1.0x and 0.8x for 2009 and 2010, respectively, inline with peers."
To see more analyst ratings on ALVR Click Here.
Alvarion Ltd. supplies top-tier carriers, Internet service providers (ISPs), and private network operators with solutions based on the Worldwide Interoperability for Microwave Access (WiMAX) standard, as well as other wireless broadband solutions.
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