Cramer Ranks Telecom Equipment Stocks
On today’s Wall Street Confidential video on TheStreet.com, Cramer ranked telecom equiment makers in order (as #1 being the best) after Verizon’s results: #1) Ciena (CIEN) is in a sweet spot and he thought it was a takeover name before…
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On today’s Wall Street Confidential video on TheStreet.com, Cramer ranked telecom equiment makers in order (as #1 being the best) after Verizon’s results:
#1) Ciena (CIEN) is in a sweet spot and he thought it was a takeover name before and they are at the cusp of all the telecom cap-ex spending;
#2) Tellabs (TLAB) is second because of its rock bottom values;
#3) JDS-Uniphase (JDSU) is a $4 upside and $1 downside scenario;
#4) Alcatel-Lucent (ALU) he likes because it can’t be taken over. Just last week Goldman Sachs raised ALU to Buy from a Neutral rating.
Cramer said he thinks that even if the stock goes up that the company Vonage (VG) is falling apart and he called NorTel a "disaster."
Jon C. Ogg
April 30, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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