Sp is significantly oversold. Broker price targets are $24-$28.
Anecdotal evidence is that Lightening Link is performing exceptionally well with huge demand for the upcoming Dragon Link product. FY17 NPAT v.likely to exceed consensus estimates (circa $540M) and FY18 consensus will need to be upgraded and with it broker price targets.
Trading at <20x PE for a market leading, world-class company, with spare balance sheet capacity offers strong sp upside. Potential A$ weakness and possible US corporate tax cuts provide additional upside.
Sp is significantly oversold. Broker price targets are $24-$28....
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Last
$53.54 |
Change
-0.070(0.13%) |
Mkt cap ! $33.78B | |||
| Open | High | Low | Value | Volume |
| $53.83 | $54.00 | $53.01 | $34.75M | 647.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2 | $53.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $53.97 | 3127 | 1 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| ALL (ASX) Chart |