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Citi Downgrades F5 Networks, Boosts Price Target To $132
Monday, June 1, 2015 - 8:22am | 207In a report published Monday, Citi analyst Ehud Gelblum downgraded the rating on F5 Networks, Inc. (NASDAQ: FFIV) from Buy to Neutral. The price target was raised from $122 to $132 due to stronger sector and overall market comps. The analyst believes that upside from the current stock valuation...
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What Wall Street Thinks Of Nokia Now
Monday, April 20, 2015 - 9:03am | 577On April 15, Nokia Corporation (ADR) (NYSE: NOK) announced it will be acquiring Alcatel Lucent SA (ADR) (NYSE: ALU) in an all-stock deal valued at $16.6 billion, or 15.6 billion euros. The merger will “create an innovation leader in next generation technology and services for an IP...
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Citi Downgrades Nokia And Alcatel Amid Challenges Following Acquisition
Thursday, April 16, 2015 - 11:10am | 295Citi issued a report on Nokia Corporation (ADR) (NYSE: NOK) and Alcatel Lucent SA (ADR) (NYSE: ALU) after the announcement that Nokia was acquiring Alcatel-Lucent in an all stock deal. Citi downgraded Nokia from Buy to Neutral and maintained a €7.50 price target. Citi also downgraded Alcatel...
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Garmin Shares Slashed To Sell At Citi
Monday, April 6, 2015 - 10:11am | 280Citi downgraded Garmin Ltd. (NASDAQ: GRMN) from Buy to Sell and cut its price target from $68 to $42. Analysts Jeremy David and Ehud Gelblum believed that growth in Garmin's GPS fitness watch business was "likely to stall" and that Outdoor revenue could decline year-over-year....
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The Smartphone Market Might Grow Less Than Expected
Thursday, March 26, 2015 - 9:15am | 269In a report published Thursday, Citigroup analyst Ehud Gelblum suggested that a global smartphone slowdown is expected in 2015, reflecting a smartphone slowdown in China. Gelblum expects total smartphone shipment growth of 15.5 percent in 2015, down from prior estimates of 19 percent growth. The...
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Citi: GoPro's 'Low-End HERO Is Gaining Traction'
Friday, February 6, 2015 - 1:37pm | 321After GoPro Inc (NASDAQ: GPRO) reported “Apple-Esque” results but not-so-strong guidance, Citi research analysts Jeremy David and Ehud Gelblum trimmed their price target (from $59 to $48) and 2015 and 2016 EPS estimates. The analysts maintain a Neutral rating on the stock, which is...
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Citigroup: BlackBerry Won't 'Go For The Gold' In Fiscal 2016
Tuesday, January 20, 2015 - 11:43am | 275Ehud Gelblum of Citigroup on Tuesday lowered BlackBerry Ltd's (NASDAQ: BBRY) February quarter estimates based on lower device shipments. At the same time, the analyst's fiscal 2016 is “not enough likely to go for the gold” as it factors in a slower ramp of Software revenues...
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Is There Value In A Cisco Systems, Inc. Split? Citi Weighs In
Wednesday, October 8, 2014 - 9:42am | 178In a note published Wednesday, Citi analyst Ehud Gelblum discussed the possibility of Cisco Systems, Inc. (NASDAQ: CSCO) separating into smaller, more concentrated segments. Gelblum noted the option of a split will at least be considered by the company's board given the likely retirement of...
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Analysts See Mostly Flat Results For Cisco's FQ4 Report
Monday, August 11, 2014 - 3:15pm | 325When Cisco Systems (NASDAQ: CSCO) posts results Wednesday, Wall Street is looking an improvement taking the form of flat earnings and revenue. Revenue has been trending down in each of the past four quarters and earnings only reversed a similar trend with a slight sequential uptick in the...
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Analysts Optimistic On Juniper's New Operating Plan
Sunday, February 23, 2014 - 10:17am | 729Shares of Juniper Networks, Inc. (NYSE: JNPR) are gaining traction on Friday following management's announcement of a new "Integrated Operating Plan" after Thursday's close. Shares of Juniper have gained 2.4 percent in pre-market trading as investors respond to management's plans to spend $1...
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UPDATE: Citigroup Reiterates on Juniper Networks Following IOP Announcement
Friday, February 21, 2014 - 10:02am | 87In a report published Friday, Citigroup analyst Ehud Gelblum reiterated a Neutral rating on Juniper Networks (NYSE: JNPR), and raised the price target from $27.00 to $28.00. In the report, Citigroup noted, “Thurs after the close, Juniper announced new CEO Shaygan Kheradpir's much anticipated...
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UPDATE: Citigroup Assumes Coverage on Qualcomm, Upgrades on Riding the LTE Wave Forward
Wednesday, December 11, 2013 - 2:54pm | 139In a report published Wednesday, Citigroup analyst Ehud Gelblum assumes coverage on Qualcomm (NASDAQ: QCOM), upgraded the rating from Neutral to Buy, and raised the price target from $70.00 to $88.00. In the report, Citigroup noted, “Assuming coverage of QCOM with a Buy and $88 PT based on a sum-...
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UPDATE: Citigroup Assumes Coverage on Motorola Solutions, Enterprise Clouds Remain
Wednesday, December 11, 2013 - 2:53pm | 176In a report published Wednesday, Citigroup analyst Ehud Gelblum assumed coverage on Motorola Solutions (NYSE: MSI) with a Neutral rating, and raised the price target from $64.00 to $65.00. In the report, Citigroup noted, “We are assuming coverage of MSI with a Neutral rating and a $65 price target...
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UPDATE: Citigroup Assumes Coverage on Corning on Flat Growth Market
Wednesday, December 11, 2013 - 2:35pm | 135In a report published Wednesday, Citigroup analyst Ehud Gelblum assumed coverage on Corning (NYSE: GLW) with a Neutral rating, but lowered the price target from $17.50 to $17.00. In the report, Citigroup noted, “We are assuming coverage of Corning with a Neutral rating and a $17 price target. With...
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UPDATE: Citigroup Assumes Coverage on BlackBerry, Downgrades on Continued Challenges
Wednesday, December 11, 2013 - 2:35pm | 178In a report published Wednesday, Citigroup analyst Ehud Gelblum assumed coverage on BlackBerry Ltd. (NASDAQ: BBRY), downgraded the rating from Neutral to Sell, and lowered the price target from $7.00 to $4.00. In the report, Citigroup noted, “We are assuming coverage of Blackberry with a Sell/High...