Syniverse Holdings (NYSE: SVR) provides a variety of technology services to wireless telecommunications companies. Those services enable phone number portability; fraud management; the invoicing and settlement of wireless roaming calls; and the routing and translation of services between carriers. The company also offers data clearing and financial clearing services. Customers include AT&T (NYSE: T), Sprint Nextel (NYSE: S) and Verizon Communications (NYSE: VZ).

The firm pleased investors last week, when it reported Q1 EPS of 37 cents and revenues of $115.6 million. Analysts had been looking for 26 cents and $102.4 million. In discussing the quarter, the CEO noted particular strength in messaging and mobile data. Management also guided FY08 revenues to $455-$465 million ($435.83M consensus). JP Morgan subsequently upgraded the shares to "overweight". Wedbush Morgan reiterated its "strong buy," Lehman Brothers its "overweight" and Brean Murray its "buy." Price targets ranged between $24 and $26.

Continue reading Syniverse Holdings (SVR): Shares in bullish 'flag'

Syniverse Holdings (SVR): Shares in bullish 'flag' originally appeared on BloggingStocks on Tue, 13 May 2008 13:30:00 EST. Please see our terms for use of feeds.

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• Deutsche Bank upgraded China Petroleum & Chemical Corporation (NYSE: SNP) to Buy from Hold on valuation following the recent sell-off.
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Analyst upgrades: SNP, SVR and ATI originally appeared on BloggingStocks on Mon, 11 Feb 2008 09:44:00 EST. Please see our terms for use of feeds.

Syniverse Holdings (NYSE: SVR) provides a variety of technology services to wireless telecommunications companies. Those services enable phone number portability; fraud management; the invoicing and settlement of wireless roaming calls; and the routing and translation of services between carriers. The company also offers data clearing and financial clearing services. Customers include AT&T (NYSE: T), Sprint Nextel (NYSE: S) and Verizon Communications (NYSE: VZ).

The firm pleased investors last week when it said it expected fourth-quarter revenues to fall in the range of $369-$371 million. That topped the consensus Wall Street estimate of $363.4 million. Management also said it expected FY08 revenues of $425-$440 million ($405.72M consensus) and FY08 free cash flow of more than $100 million. Wedbush Morgan subsequently reiterated its "strong buy" recommendation and boosted its price target to $23. SVR shares popped on the news and then moved into a bullish "flag" consolidation pattern. Prices frequently exit flags moving in the same direction they were traveling on entry. In this case, that would be to the upside.

Continue reading Syniverse Holdings: Shares in bullish 'flag' consolidation

Syniverse Holdings: Shares in bullish 'flag' consolidation originally appeared on BloggingStocks on Tue, 22 Jan 2008 17:03:00 EST. Please see our terms for use of feeds.