Hudson Securities Starts Research In Motion Ltd. (RIMM) at Buy; Unique Position With Strong Customer Loyalty

March 14, 2011 5:26 PM EDT Send to a Friend
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Price: $14.64 +12.36%

Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
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Hudson Securities initiates coverage on Research In Motion Ltd. (NASDAQ: RIMM) with a Buy. PT $80.

Hudson analyst says, "RIMM is a worldwide leader of wireless devices, with a focus on the high growth Smartphone segment...The International market continues to represent and area of growth for RIM and now accounts for the bulk of its revenue...A strong portfolio, new product launches and the introduction of RIM’s new QNX software are opportunities for continued growth."
"For the upcoming F4Q11, we estimate that RIM will report revenue of $5.6B, a 37% increase Y/Y and in line with the Street at $5.63B. Our EPS estimate is $1.76, also in line with the Street at $1.75. Post MRVL’s comments, we believe that RIM is seeing more strength in the low-end International market."

For more ratings news on Research In Motion Ltd. click here and for the rating history of Research In Motion Ltd. click here.

Shares of Research In Motion Ltd. closed at $63.38 yesterday.


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