Oscar Gruss Initiates Coverage on Comverse Technology with a Buy Rating
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Thursday September 23, 12:52 pm Eastern Time
Company Press Release
SOURCE: Oscar Gruss & Son Incorporated
Oscar Gruss Initiates Coverage on Comverse Technology with a Buy Rating
NEW YORK, Sept. 23 /PRNewswire/ -- The following is being issued by Oscar Gruss & Son Incorporated, a member of the National Association of Securities Dealers, CRD number 2091:
Oscar Gruss & Son Incorporated initiates coverage on Comverse Technology (Nasdaq: CMVT - news; $87-21/32) with a BUY rating and a 12 month price target of $111.
In a new report, Gilad Alper, equity analyst at Oscar Gruss, provides an analysis of Comverse Technology (CMVT), the leading player in the Enhanced Services Platform market, with a 35% market share.
Oscar Gruss believes that CMVT is well positioned to capitalize on continuing deregulation and the increasing sophistication of value-added services.
In addition, introduction of broadband technologies by the telephony carriers and the Multiple Systems Operators (MSOs = cable operators) creates an opportunity for CMVT to expand its service offerings.
Clients of Oscar Gruss wishing to get a copy of this report should contact their broker.
Investment Ratings: STRONG BUY: expected total annual return of greater than 25% over the next 12-18 months; BUY: expected total annual return in the range of 15-25% over the next 12-18 months; SPECULATIVE BUY: stock for investors who can afford higher risks; expected total annual return of greater than 25% if anticipated contingencies materialize over the next 12-18 months with the potential for high return volatility, lower or negative total annual returns in this time period may be possible; LONG TERM ACCUMULATE: expected total annual return in the range of 10-20% if anticipated contingencies materialize over the next 12-18 months or longer; HOLD: stock is fairly valued and may provide returns which approximate returns expected from its peer group in the equity markets over the next 12-18 months, or perhaps less. Other factors considered in the Investment Ratings may include, but are not limited to, the company's risk profile, including earnings predictability, financial position, industry position, technology and product risks, management strengths, and other factors. The required annual return for a specific Investment Rating will be increased for stocks with greater financial, business, and/or earnings risk.
This report is based upon information which Oscar Gruss & Son Incorporated (Oscar Gruss) believes to be reliable. However, neither Oscar Gruss nor any individual acting on the behalf of Oscar Gruss can guarantee the accuracy or completeness of its contents. It does not purport to contain a complete analysis of every material fact concerning any company, industry or security. Oscar Gruss assumes that it will be read in conjunction with other available reports and data. Opinions expressed herein are subject to change without notice. No investor can assume that reliance on the views, opinions or recommendations contained herein will produce profitable results. Oscar Gruss makes a market in this security, and may have a long or short position in this security. Oscar Gruss and/or our employees and affiliates may have positions in securities which are referred to herein and may make purchases or sales thereof while this report is in circulation. Oscar Gruss or one of its affiliates may from time to time perform investment banking or other services for, or solicit investment banking or other business from a company mentioned in this report. Further information is available upon request. Foreign-currency-denominated securities are subject to fluctuations in currency exchange rates that could have a positive or adverse effect on an investor's return upon the conversion into local currency of dividends or interest received, or proceeds from the sale of such securities. In addition, the value of U.S. dollar-denominated ADRs and the value of U.S. dollar-denominated ordinary shares, or common shares, of foreign issuers can be influenced by fluctuations in currency exchange rates.
SOURCE: Oscar Gruss & Son Incorporated |
