Analysts Issued Stock Ratings and Price Targets on These Technology Stocks in December

The DJIA remains above 12,250 and the S&P 500 Index trades above 1,260 today. Stock analysts initiated coverage in the Technology sector for the week ending December 16th, 2011 for the following companies:

AuthenTec (NASDAQ:AUTH): Dougherty & Company initiated coverage of this company with a rating of Buy and a price target of $5 on Dec 14th. The shares recently traded at $2.77, down $0.04, or 1.42% since the analyst’s rating. About the company: AuthenTec, Inc. manufactures fingerprint authentication sensors. The Company produces sensors for personal computers, wireless devices, and building security. Get the most recent company news and stock data here >>

Meru Networks (NASDAQ:MERU): Avian initiated coverage of this company with a rating of Neutral on Dec 14th. The shares recently traded at $3.17, down $0.58, or 15.47% since the analyst’s rating. About the company: Meru Networks, Inc. provides a wide range of wireless networking solutions. The Company sells a virtualized wireless LAN solution which runs on controllers and access points. Meru also offers additional products designed to deliver centralized network management, predictive and proactive diagnostics, as well as enhanced security. Get the most recent company news and stock data here >>

Aruba Networks (NASDAQ:ARUN): Avian initiated coverage of this company with a rating of Neutral on Dec 14th. The shares recently traded at $17.58, down $2.39, or 11.97% since the analyst’s rating. About the company: Aruba Networks Inc. provides enterprise mobility solutions that enables secure access to data, voice and video applications across wireless and wireline enterprise networks. Get the most recent company news and stock data here >>

NCR Corp (NYSE:NCR): Compass Point initiated coverage of this company with a rating of Neutral and a price target of $18 on Dec 15th. The shares recently traded at $15.73, down $0.57, or 3.5% since the analyst’s rating. About the company: NCR Corporation manufactures financial transaction machines and other products. The Company produces automated teller machines (ATM), self-checkout and self-service kiosks, point-of-sale workstations and scanners; manufactures printer consumable products; and manages networks and servers for ATMs and kiosks. Get the most recent company news and stock data here >>

Renren (NYSE:RENN): Brean Murray initiated coverage of this company with a rating of Hold on Dec 15th. The shares recently traded at $3.30, down $0.17, or 4.9% since the analyst’s rating. About the company: Renren, Inc. operates an Internet website. The Company operates a real-time social networking website that offers users the ability to communicate, share information and user-generated content, play online games, listen to music, shop for deals, and use other services. Get the most recent company news and stock data here >>

Youku.com (NYSE:YOKU): Brean Murray initiated coverage of this company with a rating of Hold on Dec 15th. The shares recently traded at $17.05, down $0.13, or 0.76% since the analyst’s rating. About the company: Youku.com Inc. is an Internet television company. The Company’s Internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices in the People’s Republic of China. Get the most recent company news and stock data here >>

Veeco Instruments (NASDAQ:VECO): Maxim Group initiated coverage of this company with a rating of Sell and a price target of $15 on Dec 15th. The shares recently traded at $21.68, down $0.55, or 2.47% since the analyst’s rating. About the company: Veeco Instruments Inc. manufactures enabling solutions for customers in the HB-LED, solar, data storage, semiconductor, scientific research and industrial markets. The Company has technology positions in three businesses: LED & Solar Process Equipment, Data Storage Process Equipment, and Metrology Instruments. Get the most recent company news and stock data here >>

Cree (NASDAQ:CREE): Maxim Group initiated coverage of this company with a rating of Buy and a price target of $45 on Dec 15th. The shares recently traded at $20.32, down $1.54, or 7.04% since the analyst’s rating. About the company: Cree, Inc. develops and manufactures semiconductor materials and electronic devices made from silicon carbide (SiC). The Company uses proprietary technology to make enabling compound semiconductors such as blue and green light emitting diodes, SiC crystals used in the production of unique gemstones, and SiC wafers that are sold for device production and research. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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