Stock Name: NeraTel
Company Name: NERATELECOMMUNICATIONS LTD
Company Name: NERATELECOMMUNICATIONS LTD
| Research House: OSK-DMG | Price Call: HOLD | Target Price: 0.72 |
SINGAPORE (Feb 26): OSK DMG has lowered its price target for Nera Telecommunications (NeraTel) to 72 cents from 83 cents after reducing its FY2015 earnings forecast by 7% to $17.9 million.
The company's network equipment and payment solutions businesses are expected to remain challenging, according to OSK DMG analysts Jarick Seet and Terence Wong, who have a "neutral" call on the stock.
Its 2014 revenue of $182 million (versus $178 million in 2013) and earnings of $16.2 million (versus $23.5 million) were weaker than expected, they said.
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