Epoch Partners Previews Earnings for the Communications Equipment Industry
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SAN FRANCISCO, April 5 /PRNewswire/ -- Epoch Partners today issued a
Research Note on the earnings outlook for communications networking vendors.
The Research Note, issued today by Seth Spalding, Senior Analyst,
Communications Equipment with Epoch Partners, discusses the earnings outlook
for each of Epoch's covered companies. The following are highlights from
select companies included in the Research Note:
-- Ceragon (Nasdaq: CRNT): It appears that the market is discounting
Ceragon more heavily than just if Winstar were its only problem.
However, with CRNT around $4 1/2, we believe that all of these
potential problems are priced in the stock.
-- CIENA (Nasdaq: CIEN): We believe CIENA has visibility to make our
fiscal 2Q estimate, but even this WDM pioneer cannot escape a prolonged
macro slowdown.
-- Cisco (Nasdaq: CSCO): Pricing pressure and discontinuation of the
optical router product may tend to weigh heavily on the stock:
-- Juniper (Nasdaq: JNPR): Juniper's solid list of customers and strong
product technology should shield the company from an industry slowdown
in the near-term.
-- UTStarcom (Nasdaq: UTSI): UTStarcom has been trading below its growth
rate, likely in sympathy to the other communications equipment vendors.
Lack of exposure to U.S. and European capital expenditure spending
concerns, and current strength of business, make it attractive.
-- Our full note, with detailed analysis of each company, is available
free at: www.epoch.com. |
