« It’s Getting Busy Around Here | Main | Nortel Ramps Up Enterprise Marketing »
Nortel’s Margins Expected to Improve
By Mark Evans | September 2, 2008
While Nortel is not expected to have a stellar year from a revenue perspective, there may be some positive signs that better times lie ahead.
In a research report, Independent Investment Research analyst Jatin Pradeep suggests Nortel could see “significant y-o-y margin improvement to drive growth. Subsequently, our revenue and adjusted operating margin estimates for FY 2008 and FY 2009 remain broadly unchanged.”
That said, Pradeep has lowered his six to 24-month target price to US$9.91 from US$11.42 based on the anticipation of lower free cash flow and worsened market sentiments.
Below, you’ll find a table looking at IIR’s revised revenue and earnings estimates:
Technorati Tags: Nortel
Topics: Analyst Coverage |