Imperial Capital Re-Starts Telular Corporation (WRLS) at Outperform

April 3, 2013 10:09 AM EDT Send to a Friend
Get Alerts WRLS Hot Sheet
Price: $12.75 --0%

Rating Summary:
    0 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 13 | New: 12
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Imperial Capital re-initiates coverage on Telular Corporation (NASDAQ: WRLS) with a Outperform. PT $13.00.

The firm comments, "We anticipate continued growth in recurring service revenue from sensor and event monitoring in residential and small business security, and asset tracking solutions, which offer significant visibility and strong cash flow. Our positive outlook envisions potential upside from expansion into adjacent vertical markets and new channel partnerships. Telular has been one of the early leaders in the dynamic evolution of the machine-to-machine (M2M) market – otherwise known as a wireless and wireline-based telemetry data communications, including products and services. We view the announced transition of CEO Joe Beatty due to personal reasons as unfortunate, given his steady leadership and track record of execution."

For an analyst ratings summary and ratings history on Telular Corporation click here. For more ratings news on Telular Corporation click here.

Shares of Telular Corporation closed at $9.98 yesterday.

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