FBR Capital Reiterates an 'Outperform' on UniTek Global Services (UNTK); First Look at 4Q10 and 2011 Guidance; Acquisition Announced
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Price: $0.15 --0%
Rating Summary:
4 Buy, 1 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
Rating Summary:
4 Buy, 1 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
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FBR Capital reiterates an 'Outperform' on UniTek Global Services (NASDAQ: UNTK).
FBR analyst says, "UniTek announced 4Q10 results that were in-line with our expectations. 2011 revenue guidance also essentially in-line, however EBITDA guidance slightly above expectations due to the announced acquisition of Pinnacle, a wireless communications system integrator. Backlog remains high, and end market growth opportunities remain strong. UniTek remains one of our favorite small-cap specialty contractors, well positioned to benefit from improving telecom and broadband capital spending. Opportunities across the wireless sector continue to develop, highlighting the recently signed AT&T (NYSE: T) mini-turf agreement and the upcoming work with Sprint. Additional catalysts remain, including: 1) the refinancing of its debt; 2) additional work orders from AT&T and Sprint (NYSE: S); 3) potential project wins in broadband; and 4) additional acquisitions."
For more ratings news on UniTek Global Services click here and for the rating history of UniTek Global Services click here.
Shares of UniTek Global Services closed at $9.08 yesterday.
FBR analyst says, "UniTek announced 4Q10 results that were in-line with our expectations. 2011 revenue guidance also essentially in-line, however EBITDA guidance slightly above expectations due to the announced acquisition of Pinnacle, a wireless communications system integrator. Backlog remains high, and end market growth opportunities remain strong. UniTek remains one of our favorite small-cap specialty contractors, well positioned to benefit from improving telecom and broadband capital spending. Opportunities across the wireless sector continue to develop, highlighting the recently signed AT&T (NYSE: T) mini-turf agreement and the upcoming work with Sprint. Additional catalysts remain, including: 1) the refinancing of its debt; 2) additional work orders from AT&T and Sprint (NYSE: S); 3) potential project wins in broadband; and 4) additional acquisitions."
For more ratings news on UniTek Global Services click here and for the rating history of UniTek Global Services click here.
Shares of UniTek Global Services closed at $9.08 yesterday.
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