Novatel Wireless (NVTL)
We upgrade our recommendation for Novatel Wireless (NVTL - Analyst Report) to Outperform following the blockbuster financial results of its third quarter 2009.
We expect the top-line of Novatel to maintain its current growth rate supported by strong demand for MiFi mobile intelligent hotspot and USB modems.
The company has generated a record-high level of free cash flow and significantly improved its gross margin. In addition, the company has a very strong balance sheet, capable to support its long-run business endeavors. Management has made the decision to extend the MiFi platform with new features and functionality, as well as building a MiFi ecosystem through organic development and strategic partners.
Novatel Wireless (NVTL) : FULL ANALYST REPORT
|
Read the full analyst report on NVTL

Sponsored Links 
Loading Stories...
-1.67
0.64