Analyst Alerts: Fusion-IO, Avago Technologies, Dell, Bottomline, Juniper May 23rd
Fusion-IO, Inc. (NYSE:FIO): After meeting with management, Benchmark Co. believes shares of Fusion-io should perform better now that EMC World Conference is over and the company’s gross margins are on a path to recover. The firm keeps a Buy rating on the stock with a $35 price target.
Avago Technologies Limited (NASDAQ:AVGO): Jefferies believes Avago has excellent visibility into revenue growth during the second half of 2012. The firm said it remains a buyer of the stock following the company’s Q2 results.
Dell Inc. (NASDAQ:DELL): Brean Murray removed Dell from its Focus List citing lack of near-term catalysts following the weaker than expected earnings report. Share are Buy rated with a $16 price target, down from $21.
Bottomline Technologies Inc. (NASDAQ:EPAY): William Blair believes SAP’s (NYSE:SAP) acquisition of Ariba (NASDAQ:ARBA) validates and highlights the value of Bottomline’s (NASDAQ:EPAY) Paymode]X offering. The firm suspects Bottomline will become a very attractive acquisition target given its bank]neutral, cloud]based payments automation platform and maintains an Outperform rating on the stock.
Juniper Networks, Inc. (NYSE:JNPR): Goldman views Alacatel-Lucent’s entry into core routing as an incremental negative for Juniper given it represents 20% of revenues and is its highest margin product line.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.