Alvarion Ltd. (ALVR)
We maintain our rating of Outperform for Alvarion Ltd (ALVR - Analyst Report), a pure-play wireless solutions provider. This follows a series of impressive contract awards to deploy several large-scale wireless systems.
Alvarion has more than 250 WiMAX deployments in diversified geographic regions. According to our assessment, higher bandwidth requirements and an increasing percentage of Alvarion's overall business directed to WiMAX offerings are expected to drive revenue higher in future reporting periods.
Furthermore, the company maintains a strong balance sheet and a respectable book-to-bill ratio. The stock is currently trading at a significant level below its 52-week high level even as business deals are announced.
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| Market Summary | Nov 22, 2009 09:40 am ET |

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