Wedbush Upgrades RADVision Ltd. (RVSN) to Neutral; New Microsoft Product Could Help Mitigate Risk
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Price: $5.00 -3.1%
Rating Summary:
1 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 2 | Down: 8 | New: 6
Rating Summary:
1 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 2 | Down: 8 | New: 6
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Wedbush upgraded RADVision Ltd. (NASDAQ: RVSN) from Underperform to Neutral. PT increased froM $10.50 to $13.
Wedbush analyst says, "We are upgrading shares as we believe some of the risk to the story will be mitigated by the new relationship with Microsoft. We think the company will be delivering a previously announced interoperability gateway product in the next few weeks which should allow the company to offset the ongoing decline in Cisco (Nasdaq: CSCO) revenue and the negative impact on GM as it transitions to an end-to-end supplier of videoconferencing equipment. The revenue potential could be in the range of $1-3mn per quarter beginning in the�2H11, and we have made some initial changes to estimates to reflect this catalyst."
"We raised our CY11 revenue and EPS estimates to $104mn and $0.17 from $102mn and $0.16, respectively. We also raised our CY12 estimates to $113mn and $0.22 from $108mn and $0.20, respectively."
For more ratings news on RADVision Ltd. click here and for the rating history of RADVision Ltd. click here.
Shares of RADVision Ltd. closed at $11.38 yesterday.
Wedbush analyst says, "We are upgrading shares as we believe some of the risk to the story will be mitigated by the new relationship with Microsoft. We think the company will be delivering a previously announced interoperability gateway product in the next few weeks which should allow the company to offset the ongoing decline in Cisco (Nasdaq: CSCO) revenue and the negative impact on GM as it transitions to an end-to-end supplier of videoconferencing equipment. The revenue potential could be in the range of $1-3mn per quarter beginning in the�2H11, and we have made some initial changes to estimates to reflect this catalyst."
"We raised our CY11 revenue and EPS estimates to $104mn and $0.17 from $102mn and $0.16, respectively. We also raised our CY12 estimates to $113mn and $0.22 from $108mn and $0.20, respectively."
For more ratings news on RADVision Ltd. click here and for the rating history of RADVision Ltd. click here.
Shares of RADVision Ltd. closed at $11.38 yesterday.
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