Brocade Communication Systems Inc. (NASDAQ: BRCD), Cephalon Inc. (NASDAQ: CEPH) and Nuance Communications Inc. (NASDAQ: NUAN) are three top analyst stock picks and recommendations made during today’s session.
Brocade Shares Could Move Significantly Higher
Brocade Communication Systems Inc. (BRCD, Free Analysis), a supplier of networking equipment for organizations of all sizes, could move significantly higher, according to ThinkEquity. The analyst believes that the company has several strong upcoming positive revenue catalysts and suggested that the stock could increase significantly in upcoming quarters.
Earlier this month, the networking company announced a number of investments, including a $100 million evaluation program designed to enable eligible customers in the Asia Pacific region to quickly deploy Ethernet fabrics as the foundation for highly virtualized data centers. Ultimately, the firm is hoping that this move will help drive adoption over the long-term.
Analysts Debate Cephalon’s Potential for More Bids
Cephalon Inc. (CEPH, Free Analysis), a biopharmaceutical company focused on improving the quality of human life, has analysts divided on the potential for additional bids. Analysts like Oppenheimer and Gabelli expect Valeant or someone else to buy the company for $80 per share, while analysts like Barclays and RW Baird do not expect any competing bids and recommend selling into the strength.
Currently, shares of the biopharmaceutical company are trading at around $75 per share, which is higher than the $73 per share offered by Valeant. The company indicated earlier today that it would commence an analysis of both alternatives presented by Valeant and work with its financial advisors to review and potentially accept the offer in due course.
Nuance’s Multiple Could Expand with Many Catalysts
Nuance Communications Inc. (NUAN, Free Analysis), a provider of voice and language solutions for businesses and consumers around the world, should receive a higher multiple over the next 12-18 months, according to FBR Capital. The analyst believes that increased deal activity in the healthcare and mobile verticals should boost the stock, while it reiterated its Outperform rating and $22 price target.
The voice and language solutions provider’s stock moved sharply higher during today’s session after FBR Capital and Soleil both indicated their beliefs that it has signed a license agreement with Apple for voice commands on the Apple iPhone. Moreover, the analysts believe that the relationship is much greater than the street realizes and that the technology will play an important role in Apple’s IOS 5.0.
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