Analyst Insights: Google Stock Favorable, Citrix Shares Positive, F5 Stock a Buy

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In Thursday trading action on Wall Street, the DJIA is currently remaining above 12,400, the S&P is trading at 1,289 and the Nasdaq remaining above 2,700. As investors continue to look at the economic data and the anticipation of a crucial earnings season, brokerage analysts share their latest insights on the following public companies:

F5 Networks, Inc. (NASDAQ:FFIV): F5 Networks should report stronger than expected Q1 results, says Wells Fargo. After conducting checks, Wells Fargo expects F5 to report in-line Q2 guidance, and the firm continues to recommend buying the stock, partly due to what it sees as the success of the company’s new products.

Google Inc. (NASDAQ:GOOG): Google shares could fade post January 19 earnings, says Piper Jaffray. Piper Jaffray views Google shares favorably into the company’s January 19 earnings report due to strength of eCommerece during the quarter, but thinks the stock could fade post the results on continued uncertainty about the Motorola acquisition and the potential negative impact from Europe. Piper expects Google to post slight revenue upside and maintains an Overweight rating on the stock with a $720 price target.

SemiLEDs Corporation (NASDAQ:LEDS): SemiLEDs shares should advance, says Sterne Agee. After SemiLEDS reported stronger than expected results for its November quarter and provided guidance that Sterne Agee believes suggests modest sequential improvement, Sterne Agee raised its estimates and recommends buying the stock.

Citrix Systems, Inc. (NASDAQ:CTXS): Citrix Systems well positioned to beat Q4 estimates, says Susquehanna. Susquehanna said Citrix Systems should beat Q4 estimates citing positive checks for its server virtualization, strong upgrade activity, and bigger deal sizes. Shares are Positive rated with a $93 price target.

Mellanox Technologies, Ltd. (NASDAQ:MLNX): Mellanox shares should be bought on any weakness after results, says ThinkEquity. ThinkEquity expects Mellanox to report slightly better than expected Q4 results and in-line guidance. The firm continues to believe that the company will benefit from the introduction of Romley servers, and it maintains a Buy rating.

Infosys Technologies Ltd. (NASDAQ:INFY): Infosys remains top pick in IT Services, says Cowen. Cowen reiterated its Outperform rating on Infosys following in-line Q3 results and lowered Q4 guidance. The firm cited solid pricing trends, improved operating metrics, and stable demand.

Magna International, Inc. (NYSE:MGA): Magna risk/reward ratio still positive, says RBC Capital. After conducting checks, RBC Capital still expects North American auto production to grow significantly, and European production to exceed expectations. The firm sees several upcoming positive catalysts for Magna, and it maintains an Outperform rating.

Teradyne Inc. (NYSE:TER): Teradyne strength at Samsung being underappreciated, says Citigroup. Citigroup’s channel checks suggest Samsung will spend around 80% of its $13B U.S. capex in the first half of 2012 on logic and NAND capacity, adding $200M in revenue for Teradyne (NYSE:TER). Further, Citi’s contacts indicate Teradyne’s competitor Advantest (NYSE:ATE) is experiencing significant issues after acquiring Verigy. The firm believes Teradyne’s strength at Samsung is being underappreciated and reiterates a Buy rating on the stock with a $20 price target.

Further Reading: Ford’s Federal Loans, GM Negotiating with German Labor Unions>>

To contact the reporter on this story: Jim Wilkerson at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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