RIM Estimates Fall Below Consensus and 4 Stock Analyses To See Now
Research In Motion Limited (NASDAQ:RIMM): William Blair said their channel checks for the third quarter revenue estimate for Research in Motion Limited of $2.5 billion is $130 million below the consensus and is at risk. The firm’s checks thoughout North America continue to suggest that RIM’s issues have been compounded by the company’s hardware that is falling behind in the competition. The firm believes that BlackBerry devices remain an afterthought in the consumer market. However, William Blair noted that RIM’s third quarter results may not matter as investors await the launch of BlackBerry 10 in January. The firm has a Market Perform rating on the stock.
VeriFone Systems, Inc (NYSE:PAY): Citigroup remarks that the company’s fourth quarter results indicate a buying opportunity. Citi thinks VeriFone remains on track for a multi-quarter recovery heading into 2013 and keeps a Buy rating on the stock with a $47 price target.
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Cavium Networks, Inc. (NASDAQ:CAVM): Piper Jaffray said that Cavium is one of their top picks for 2013. The firm expects Cavium’s new product launches to drive higher expenses and reiterates an Underweight rating on their stock.
Teradata Corporation (NYSE:TDC): RBC Capital believes that Teradata Corporation should benefit from positive trends within their core enterprise data warehouse market. The firm believes there are differentiated products in other areas and they could become the next Oracle (NASDAQ:ORCL). They maintain a $75 price target and Outperform rating on Teradata.
Tibco Software, Inc. (NASDAQ:TIBX): RBC Capital believes that Tibco Software, Inc. is attractive in terms of Big Data trends and they expect the company’s revenue to increase at a compound annual growth rate of 11% through fiscal year 2014. The firm thinks the company can increase their margins, and they maintain an Outperform rating.
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