Canaccord Genuity Reiterates a 'Buy' on Anaren (ANEN); Well Positioned for Strong Growth and Expanding Margins
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Price: $27.98 --0%
Rating Summary:
0 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
0 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity reiterates a 'Buy' on Anaren (NASDAQ: ANEN), PT increased from $23 to $26.
Canaccord analyst, T. Michael Walkley, said, "We hosted investor meetings with CEO Larry Sala and CFO George Blanton this week. We anticipate continued strong trends in Anaren’s wireless division due to our checks indicating strong sales trends to key customer Ericsson and a potentially strong pipeline of opportunities longer term with its AIR product line. Given the continued uncertainty stemming from potential defense budget cuts and delays of some projects, we anticipate a more back-halfweighted F2012 for its Space & Defense division. Based on our longer-term expectations of strong sales growth and improving margin trends, we reiterate our BUY rating."
For more ratings news on Anaren click here and for the rating history of Anaren click here.
Shares of Anaren closed at $19.07 yesterday.
Canaccord analyst, T. Michael Walkley, said, "We hosted investor meetings with CEO Larry Sala and CFO George Blanton this week. We anticipate continued strong trends in Anaren’s wireless division due to our checks indicating strong sales trends to key customer Ericsson and a potentially strong pipeline of opportunities longer term with its AIR product line. Given the continued uncertainty stemming from potential defense budget cuts and delays of some projects, we anticipate a more back-halfweighted F2012 for its Space & Defense division. Based on our longer-term expectations of strong sales growth and improving margin trends, we reiterate our BUY rating."
For more ratings news on Anaren click here and for the rating history of Anaren click here.
Shares of Anaren closed at $19.07 yesterday.
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