This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Neutral Tandem Shares Rise After Upgrade

NEW YORK (AP) ¿ Shares of telecommunications equipment maker Neutral Tandem Inc. rose Wednesday as an analyst upgraded the stock, saying he expects strong growth in the next couple of years and a recent sell-off makes the shares attractive.

R.W. Baird analyst William Power said in a note to investors that the company, which provides services that connect phone networks between providers, will have 36.1 percent revenue growth in 2009, while earnings per share will grow 58.3 percent.

Growing numbers of wireless subscribers and continuing strength in the company's older markets bode well for the future, Power said.

He estimates earnings per share of $1.14 in 2009, growing to $1.40 in 2010.

Analysts surveyed by Thomson Reuters, on average, expect profit of $1.16 per share and $1.43 for those years, respectively.

Power upgraded his rating on the stock to "Outperform" from "Neutral" and raised his target price by $5 to $33.

Neutral Tandem shares, which hit a 12-month high of $32.57 earlier this month and have since lost a quarter of their value, rose $2.12, or 8.7 percent, to $26.39 in afternoon trading Wednesday.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
LVLT $51.64 -1.10%
S $3.68 5.40%
TNDM $8.28 -20.00%
AAPL $95.18 1.60%
FB $117.44 -0.95%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.43 -18.00 -0.86%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs