Analyst Insights Into Shares of JDSU, Linear Tech, Rackspace and VMware
On Wednesday, brokers released the results from their homework on four big name tech companies. Each of there ratings and reviews were positive with upside growth targets. Meanwhile, the major indices continue to tread higher as the bullish sentiment continues. Here’s what analysts revealed for these 4 companies today:
JDS Uniphase Corporation (NASDAQ:JDSU): Jefferies says JDSU designed into Kinect for Windows. The firm says JDSU’s laser and optical filter technology have been designed into Kinect for Windows, similar to the products uses in Xbox. Seeing gesture recognition as a large opportunity for JDSU, the firm feels consensus estimates could be too low. Jefferies keeps JDSU at Buy with a $14.75 target.
Linear Technology Corp. (NASDAQ:LLTC): Susquehanna raises Linear Technology target from $34 to $36. The company gave strong guidance with its second quarter results and belief that the analog market is close to a bottom. Shares are rated Positive.
Rackspace Hosting, Inc (NYSE:RAX): William Blair says Rackspace will start a cloud block storage service in 2012. The firm says the new service will be launched by Rackspace in the first half of 2012. The service should improve the company’s enterprise market share. The firm also said it is more confident that 2012 will see Rackspace achieve at least high 20’s topline growth. William Blair keeps an Outperform.
VMware, Inc. (NYSE:VMW): Goldman expects fourth quarter upside at VMware. The firm expects better earnings-per-share licensing revenues on January 23. Goldman also sees better numbers for street bookings and underestimated growth at the company. Consensus earnings-per-share are $0.60 and revenues at $512 million. Shares are Conviction Buy with a $125 price target.
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