Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Baird Upgrades Tekelec


Baird upgrades Tekelec (TKLC) to outperform from neutral.

Analyst Kenneth Muth says he upgrades because the stock has fallen about 20% in the last 30 days, and believes fundamentals remain strong.

He expects Tekelec to beat the fourth-quarter's Street consensus based on stronger Signaling and Switching revenue. He believes the Sprint/Nextel merger will have little impact on the company's revenue, and could be positive, as was the case with Cingular/AT&T Wireless.

Muth also believes Paul Pucino's (CFO) decision to leave the company is not related to destructive company issues, but rather quality of life. He ups his target to $28, based on sum-of-the-revenue parts valuation.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus