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Technology Stocks : Stratex Networks, Inc. (STXN)

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To: The Ox who wrote (1692)6/15/2006 8:20:04 PM
From: Rob Preuss  Read Replies (1) of 1762
 
Stratex Networks "overweight"

Thursday, June 15, 2006 3:24:40 AM ET

Stephens Inc.

NEW YORK, June 15 (newratings.com) - Analysts at Stephens Inc maintain their "overweight" rating on Stratex Networks Inc (STXN.NAS). The target price is set to $7.

In a research note published yesterday, the analysts mention that the company’s share price declined 16% yesterday. Stratex’s competitiveness in markets like Asia Pacific has been enhanced by the introduction of E300sp product, which has a low cost structure, the analysts say. The company has been able to widen its presence in the market segment of data transmission another segment of high growth, Stephens Inc adds.

newratings.com
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