Oscar Gruss Downgrades RADVision Ltd. (RVSN) to Hold
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Oscar Gruss downgrades RADVision Ltd. (NASDAQ: RVSN) from Buy to Hold. Price target increased from $6.50 to $7.
Oscar analyst says, "We see encouraging signs indicating demand for Video Conferencing is holding up. Keeping in mind management’s face lifted guidance, we consider most positives are priced-in; therefore, we downgrade our rating to HOLD and raise our price target to $7.00."
"We believe Radvision is making stable advancement despite the challenging conditions and lower visibility in the background. At current levels, we believe the upside on the stock remains limited. Our price target reflects a 2009 EV/EBIT of 4.6x, a discount to peers."
RADVISION Ltd. (RADVISION) is a designer, developer and provider of products and technology that enable real-time voice, video and data communication over packet and mobile third generation (3G) networks, including the Internet and other Internet Protocol (IP), networks.
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