Canaccord Genuity Reiterates a 'Buy' on Anaren (ANEN); Well Positioned for Improving LTE Network Builds During 2012
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Price: $27.98 --0%
Rating Summary:
0 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
0 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Anaren (NASDAQ: ANEN) price target of $24.00.
Canaccord analyst, T. Michael Walkley, said, "Following AT&T’s (NYSE: T) withdrawal of its $39B T-Mobile acquisition bid, we believe LTE network capital spending should improve during H1/C2012 following weak spending levels by AT&T during the last four months of 2011. However, our checks indicate leading Anaren customers have 4G inventory levels to work through, and we anticipate Anaren’s wireless sales should re-accelerate during the June 2012 quarter. Long term, we believe Anaren is well positioned for strong Wireless division growth given increased LTE base-station content, and we believe the company has a solid Space & Defense pipeline."
For an analyst ratings summary and ratings history on Anaren click here. For more ratings news on Anaren click here.
Shares of Anaren closed at $17.02 yesterday.
Canaccord analyst, T. Michael Walkley, said, "Following AT&T’s (NYSE: T) withdrawal of its $39B T-Mobile acquisition bid, we believe LTE network capital spending should improve during H1/C2012 following weak spending levels by AT&T during the last four months of 2011. However, our checks indicate leading Anaren customers have 4G inventory levels to work through, and we anticipate Anaren’s wireless sales should re-accelerate during the June 2012 quarter. Long term, we believe Anaren is well positioned for strong Wireless division growth given increased LTE base-station content, and we believe the company has a solid Space & Defense pipeline."
For an analyst ratings summary and ratings history on Anaren click here. For more ratings news on Anaren click here.
Shares of Anaren closed at $17.02 yesterday.
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