Cisco at Buy Rating, RF Micro Devices Stock Stumbles 18%
As the U.S. financial markets catch some wind behind their sails at the high noon mark in trading action today, here are come analyst insights to share with you that are moving some of the top stocks:
Sterne Agee predicts Cisco Systems, Inc. (NASDAQ:CSCO) benefiting from 4G LTE expansion. Following checks, the firm believes the growth of 4G LTE networks will be important motivators for Cisco in the coming year and beyond. Sterne Agee sees Cisco as enjoying a reversal of fortune, and holds to a Buy rating on the stock.
Kaufman Bros. lowered RF Micro Devices Inc.‘s (NASDAQ:RFMD) price target to $6 from $9. The firm lessened its target on RF Micro following the company’s preannouncement of more anemic than predicted Q3 revenue. But, Kaufman maintains that RF Micro’s gross margins are close to or at their lowest, and retains a Buy rating on the stock.
Tetra Tech Inc. (NASDAQ:TTEK) margins are expected to continue growing, according to Oppenheimer. The firm predicts Tetra Tech’s FY12 EPS to finish at the top margin of its guidance range, and advancement in its organic growth from this time forward. Oppenheimer maintains an Outperform rating for the stock.
Valuation for Network Engines, Inc (NASDAQ:NEI) is presently attractive to Needham. The firm supports micro-cap investors acting more aggressively with the company’s shares, after its first Q1 results. Needham predicts that Network Engines’ business at EMC (NYSE:EMC) is stable.
According to Sterne Agee, Microsemi’s (NASDAQ:MSCC) valuation is strong. The firm opines that Microsemi’s lowered valuation can be credited to alarm surrounding ramifications of defense cutbacks on the company, but maintains that Microsemi will still bring in notable revenue from the Pentagon. Sterne Agee holds to a Buy rating.
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