VeriFone Systems, Inc (NYSE:PAY) provided lower revenue guidance than expected, causing RBC Capital to believe that the company has a number of upcoming positive catalysts, including new technology and emerging markets. The firm keeps an Outperform rating but reduced its target on the stock to $48 from $55.
Riverbed Technology, Inc. (NASDAQ:RVBD): Following meetings with Riverbed’s CFO, JMP Securities believes that the company is in a favorable position to capitalize on the trend of consolidation of government data centers. The firm keeps an Outperform rating on the stock.
Express Scripts Inc. (NASDAQ:ESRX): Jefferies believes that TRICARE’s decision to stick with a narrow pharmacy network excluding Walgreen (NYSE:WAG) is strong validation for Express Scripts’ limited network strategy. The firm mentions that according to Walgreen, TRICARE business accounted for 18 percent of script volumes it processed for Express Scripts. The firm maintains a Buy rating on Express Scripts and Hold rating on Walgreen.
Cisco Systems, Inc. (NASDAQ:CSCO): Following a meeting with Cisco’s management, Oppenheimer thinks that the company is in the position for share gains in the data center, and possesses early stage growth opportunities in the customer financing and reused gear markets. The firm keeps an Outperform rating on the stock.
Skyworks Solutions Inc. (NASDAQ:SWKS) estimates were raised by UBS to above consensus to reflect its iPhone 5 opportunity, LTE adoption, 3G growth, and share gains. Shares have a Buy rating and a $36 price target, up from $33.
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