Nomura Securities Maintains a 'Neutral' on Alcatel-Lucent (ALU); Q1 Miss
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Price: $3.46 --0%
Rating Summary:
14 Buy, 6 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
14 Buy, 6 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on Alcatel-Lucent (NYSE: ALU) price target of EUR1.65.
Analyst, Stuart Jeffrey, said, "Alcatel-Lucent’s Q1 2012 results missed consensus expectations at the revenue line by almost 5% and at the EBIT margin level by 6%. Gross margin missed expectations by 3.8%, with opex 1.2% above expectations. Despite the tough Q1, management has retained its full-year outlook (for a margin higher in 2012 than in 2011, with a strong net cash position) and expects to have better visibility into the company’s profitability at the end of Q2. We expect investors to be most disappointed by the following: Wireless fell 12% sequentially with North America down 5%, and gross margin of 30.3% was the lowest seen since the Alcatel-Lucent merger."
For an analyst ratings summary and ratings history on Alcatel-Lucent click here. For more ratings news on Alcatel-Lucent click here.
Shares of Alcatel-Lucent closed at $1.95 yesterday.
Analyst, Stuart Jeffrey, said, "Alcatel-Lucent’s Q1 2012 results missed consensus expectations at the revenue line by almost 5% and at the EBIT margin level by 6%. Gross margin missed expectations by 3.8%, with opex 1.2% above expectations. Despite the tough Q1, management has retained its full-year outlook (for a margin higher in 2012 than in 2011, with a strong net cash position) and expects to have better visibility into the company’s profitability at the end of Q2. We expect investors to be most disappointed by the following: Wireless fell 12% sequentially with North America down 5%, and gross margin of 30.3% was the lowest seen since the Alcatel-Lucent merger."
For an analyst ratings summary and ratings history on Alcatel-Lucent click here. For more ratings news on Alcatel-Lucent click here.
Shares of Alcatel-Lucent closed at $1.95 yesterday.
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