Piper Jaffray Transitions Coverage on Alvarion Ltd. (ALVR) to Underweight; Raises 2010 EPS Estimates
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Piper Jaffray & Co. transitions coverage on Alvarion Ltd. (Nasdaq: ALVR) to Underweight. Price target $3.
Piper analyst says, "Contract Wins Positive: Alvarion announced a $100M contract with Open Range and we view this as positive and anticipate shipments starting in Q309 with revenue upside in 2010...While we view the Open Range contract as positive for Alvarion sales, we believe macro concerns continue to weigh on operators and we anticipate operators will conserve capital as visibility into 2H09 remains very limited. As such, we remain cautious on the ramp in overall WiMAX sales for Alvarion in 2009...Based on the recent contract win with Open Range, we are maintaining our 2009 proforma EPS estimate but raising our 2010 proforma EPS estimate from $0.26 to $0.28."
To see more analyst ratings on ALVR Click Here.
Alvarion Ltd. (Alvarion) is engaged in the design, development, manufacturing and marketing of wireless products.
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No real professionals over there at Piper Jaffray
Avraham on Jul 1, 2009 05:29 PMWho remember the 32.5 million dollars penalty they have to pay because of stock manipulations back at 2003? let’s see what hapפen with this one