Brigantine Advisors Starts Powerwave Technologies (PWAV) at Buy; New Products and Spending Should Boost Sales
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Price: $0.06 --0%
Rating Summary:
1 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Brigantine Advisors initiates coverage on Powerwave Technologies (NASDAQ: PWAV) with a Buy. PT $5.
Brigantine analyst says, "Powerwave has clearly demonstrated improved performance metrics throughout its financial model and in the last December quarter, the company posted operating margins only 40 basis points shy of double digits, up from negative levels less than two years ago. Powerwave's management team now uses stiffer criteria in evaluating contracts and is reaping the financial benefits; however, perhaps just as important are the growth prospects the company has before it. We are initiating coverage of Powerwave and setting a $5 price target, a level the stock hasn't seen since the September quarter of 2008, because we believe the company has some unique products coming to market ahead of its competitors, and these we believe, could help drive sales growth beyond current expectations."
For more ratings news on Powerwave Technologies click here and for the rating history of Powerwave Technologies click here.
Shares of Powerwave Technologies closed at $3.78 yesterday.
Brigantine analyst says, "Powerwave has clearly demonstrated improved performance metrics throughout its financial model and in the last December quarter, the company posted operating margins only 40 basis points shy of double digits, up from negative levels less than two years ago. Powerwave's management team now uses stiffer criteria in evaluating contracts and is reaping the financial benefits; however, perhaps just as important are the growth prospects the company has before it. We are initiating coverage of Powerwave and setting a $5 price target, a level the stock hasn't seen since the September quarter of 2008, because we believe the company has some unique products coming to market ahead of its competitors, and these we believe, could help drive sales growth beyond current expectations."
For more ratings news on Powerwave Technologies click here and for the rating history of Powerwave Technologies click here.
Shares of Powerwave Technologies closed at $3.78 yesterday.
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