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Towerstream (TWER): Bandwidth Buy

"Despite the stomach churning volatility that we've seen recently with Towerstream (TWER), nothing has really changed regarding the firm's bullish outlook," says tech expert Paul McWilliams.

The editor of Next Inning newsletter explains, "Towerstream provides enterprise WiMax broadband services. Its base model is growing fairly steadily and should continue to do so going forward.

"Since there is very little new capital cost that has to be invested in this model, the marginal profit from this growth is very high. Therefore, time is on our side when it comes to making money from the base model.

Continue reading Towerstream (TWER): Bandwidth Buy

Analyst initiations: PAG, KMX, TWER, SLH and NSTR

MOST NOTEWORTHY: Penske Automotive, CarMax, Towerstream, Solera and Northstar were today's noteworthy initiations:
  • Kevin Dann initiated shares of Penske Automotive Group Inc (NYSE: PAG) with a Buy rating and $25 target. The firm believes shares deserve a higher multiple given the company's reduced exposure to slower growing domestic brands combined with the increased penetration o luxury as a percentage of industry sales.
  • CarMax Inc (NYSE: KMX) was also initiated at Kevin Dann with a Buy rating and $28 target, as they expect the multiple expansion to continue as confidence builds in the company's sales and expense strategy.
  • Think Equities started shares of Towerstream Corporation (NASDAQ: TWER) with a Buy rating and $5 target and said the company is rapidly growing given robust demand fro high bandwidth services, market expansion, sales force growth, and higher ARPU services.
  • Barrington believes Solera Holdings Inc (NYSE: SLH) is positioned to capture growth through technology adoption in claims processing by insurance companies, starting shares off with an Outperform rating and $27 target.
  • Jefferies resumed coverage of Northstar Neuroscience Inc (NASDAQ: NSTR) with a Buy rating and $21 target, as they expect the company's Phase III EVEREST trial to yield positive positives, setting the stage for an FDA approval by Q109.
OTHER INITIATIONS:

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 02:08 PM

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