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NT Sagging

Nortel shares touched an intra-day low of $5.19 earlier, and now has lost nearly half its value over the past since months since reaffirming its 2008 outlook.
Here’s a three-month chart of NT. Nortel’s record low is a split-adjusted 43 cents in October, 2002

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Nortel Shares Hit New Low

For those still counting, Nortel shares touched a low of $5.51 earlier today. It’s either a record low or 25-year low but it’s still a low.
For what it’s worth, NT has dropped by more than 75% since Mike Zafirovski came on board as CEO. The question is whether the stock would have performed [...]

Zacks Rates NT a Strong Sell

Zacks.com has ranked Nortel as a #5 (aka strong sell), a ranking applied to 5% of the stocks within Zack’s research universe.
Here’s a synopsis of the rational for Zack’s ranking:
“Nortel Networks Corp (NYSE: NT) warned that a downturn in the U.S. market was choking wireless spending by carriers even as it posted a quarterly loss [...]

Papageorgiou Keen on Q3/Q4

Don’t worry if Nortel’s Q2 results fail to give its shares a jump-start.
Scotia Capital analyst Gus Papageorgiou said Nortel’s third and fourth quarter results will be better with impressive performances from its optical and enterprise units.
Papageorgiou rates NT as a “sector perform” with a targer price of $11.50.

Look Out Below!

The decline of Nortel shares continues to unfold as memories of the company’s annual investor day last month become a distant memory.
With the stock down another 14 cents today to $6.42 in extremely heavy trading, it has now dropped 36% in the past month. Then again, many of Nortel’s peers such as Alcatel, Cisco and [...]

NT Could Hit $18 if….

RBC Capital Markets analyst Mark Sue believes Nortel shares could hit $18 by 2011….if everything goes perfectly according to plan.
“If things line up exactly for Nortel and the company hits the high end of its operating margin targets, Nortel can potentially generate approximately US$1.50 in earnings in 2011, Mr. Sue said in a research note. [...]

Any Nortel News?

What’s going on with Nortel today?
In early-afternoon trading, the stock is down 66 cents, or 8.9%, to $7.17 in New York. Meanwhile, the Dow Jones is down 1.16%, while Nasdaq has dropped 1.06%.

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JP Morgan Upgrades NT

In the wake of yesterday’s news - Nortel focused on LTE and dropping Wi-Max, and management confirming the 2008 financial outlook - you knew it was only a matter of time before the analyst upgrades started to emerge.
JP Morgan appears to be first out of the game as Ehud Gelblum upgraded Nortel to “overweight” from [...]

NT Shares Jump

Investors must have liked the LTE announcement and/or analysts got really encouraged during Nortel’s annual analyst day as the company’s shares have jumped nearly 12% to $9.07 in New York - the highest they’ve traded in more than three months.
More: Barron’s Tech Trader Daily has a blog on the rebound of Nortel shares. As well, [...]

Analyst Update

With Nortel’s annual analyst day happening on June 11, it’s an appropriate time to take a look at what they’re thinking. The target price of Nortel shares is $10 with a high of $15.50 and a low of $6.40. (Note: The information below needs to be updated to take into account Paradigm analyst Barry Richard’s [...]