Cantor Fitzgerald Starts Emulex (ELX) at Buy; Overhang Nearing End, Romley Ahead
Tweet Send to a FriendGet Alerts ELX Hot Sheet
Price: $6.16 +0.98%
Rating Summary:
5 Buy, 9 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
5 Buy, 9 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade ELX Now!
Cantor Fitzgerald initiates coverage on Emulex (NYSE: ELX) with a Buy. PT $12.00.
Analyst, Paul Mansky, said, "Fundamentally, we view the company as being a key benefactor of the 10GbE cycle – expected to accelerate with the Romley server introductions commencing mid-year. Meanwhile, our initial assessment of the downside risk to estimates relative to the Broadcom litigation leaves the stock attractive at current levels. Should there be added volatility around the final ruling expected Friday March 9th (post close), we recommend a more aggressive accumulation."
For an analyst ratings summary and ratings history on Emulex click here. For more ratings news on Emulex click here.
Shares of Emulex closed at $10.22 yesterday, with a 52 week range of $5.86-$11.19.
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, Paul Mansky, said, "Fundamentally, we view the company as being a key benefactor of the 10GbE cycle – expected to accelerate with the Romley server introductions commencing mid-year. Meanwhile, our initial assessment of the downside risk to estimates relative to the Broadcom litigation leaves the stock attractive at current levels. Should there be added volatility around the final ruling expected Friday March 9th (post close), we recommend a more aggressive accumulation."
For an analyst ratings summary and ratings history on Emulex click here. For more ratings news on Emulex click here.
Shares of Emulex closed at $10.22 yesterday, with a 52 week range of $5.86-$11.19.
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
- Emulex to Present at Upcoming Conferences
- Stifel Nicolaus Starts LKQ Corp. (LKQ) at Buy
- Topeka Capital Starts Spansion (CODE) at Buy
Create E-mail Alert Related Categories
New CoverageRelated Entities
Cantor Fitzgerald
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!
