Tag Archives: alu
Alcatel-Lucent (ALU), a France-based company with a market cap of $3.13B, is a provider of telecommunications technology and services, which also engages in mobile, fixed, Internet Protocol and optics technologies, applications and services. With disappointing Q1 numbers, it may be still too early to give up ALU.
For Q1, 2013, ALU reported a net loss from continuing operation of $0.20 per ADS, which is lower than the Zacks Consensus Estimate of -$0.10 per ADS. Sales were nearly flat at $4.21B (€3.23B Euros) with a loss of $461.72M €353M Euros) as compared to a gain of $337.49M (€259M Euros) a year earlier. FactSet had forecast a Q1 loss of $345.31M (€265M Euros) on sales of $4.17B (€3.2B Euros).
As the company continues to be on a $1.63B (€1.25B Euros) restructuring program, cutting 5,000 jobs, new CEO Michel Combes still has a tough road ahead for his plan of “one month of listening, two months of defining a project, and three years of transformation.” Combes just became CEO earlier this month.
Geographic and Segment Breakdowns
Geographically, North America was up 15.1% while Asia Pacific region had a low single-digit decline (5.8%) year-over year. Europe continued to suffer with a decline of 10.1% in revenue. Lastly, revenue from the Rest of World decreased 13.3% due to poor performance in Central and Latin America, the Middle East and Africa.
Alcatel-Lucent And Netflix: 2 Technology Stocks Received The Most Upgrades In Past 3 Months [Seeking Alpha]
Alcatel-Lucent (ALU) and Netflix, Inc. (NFLX) are two technology stocks that received the most upgrades in the past three months. In this article, analysts’ calls and projections will be provided for both stocks, which will also be analyzed fundamentally. Investing strategies will also be reviewed.
Alcatel-Lucent, a France-based company, is a provider of telecommunications technology and services, which also engages in mobile, fixed, Internet Protocol and optics technologies, applications and services. ALU was down 207% and closed at $1.42 on March 6, 2013. ALU had been trading in the range of $0.91-$2.48 in the past 52 weeks. ALU has a market cap of $3.22B with a high beta of 2.36.
ALU had received six upgrades from several analysts in the past three months. On March 1, 2013, Bernstein upgraded ALU from underperform to market perform with a price target of $1.46 (from $0.79). On February 8, 2013, Morgan Stanley upgraded ALU from underweight to overweight following Q4 results and CEO move. On January 23, 2013, Citi upgraded ALU from sell to neutral and raised its price target to EUR1.30 (USD $1.69). The firm cited a positive carrier spending environment and reduced bankruptcy risk.