Cisco Systems Inc. (NASDAQ: CSCO) has continued a string of positive news to Wall Street that began with its earnings surprise in May. The UBS team cited several positive catalysts in the pipeline for Cisco, including its dominance in wireless equipment and its undisputed “900-pound gorilla” status in the industry. Many firms on Wall Street still feel that the stock is providing investors a good entry point. Shareholders are paid a solid 3.1% dividend. The UBS price target is $26.50. The consensus target is $25.75. Cisco closed Friday at $25.52.
JDS Uniphase Corp. (NASDAQ: JDSU) was a pioneer of the optical revolution that began in the 1990s. It performed ahead of expectations in its fiscal second-quarter and issued a strong outlook for the balance of 2014. Its management has always been confident about the prospects of the business as the need for bandwidth across the world increases. As a result, the company is seeing strong demand in the Americas for its 100G products and LTE solutions. The UBS price target is $15, and the consensus target is posted at $14.30. The stock closed Friday at $12.18.
Juniper Networks Inc.‘s (NYSE: JNPR) recent large layoff will dent the balance sheet as it is expected to pay over $35 million in severance as 6% of its workforce is expected to be let go. Positive activist shareholders moves combined with a solid product cycle have made the stock a favorite on Wall Street, and its big presence in network and enterprise security has drawn key portfolio managers to the stock. By vendor, Juniper posted the strongest year-over-year growth at 38.7% in the key switching market in 2013. The UBS price target is $32, and the consensus target is at $28.97. Juniper closed Friday at $24.27.
TE Connectivity Ltd. (NYSE: TEL) wraps up the top stocks to buy at UBS. The company designs and manufactures products at the heart of electronic connections for the world’s leading industries including automotive, energy and industrial, broadband communications, consumer devices, health care, and aerospace and defense.
The company has a long-standing commitment to innovation and engineering excellence, which helps its customers solve the need for more energy efficiency, always-on communications and ever-increasing productivity demands. Investors are paid a 1.9% dividend. The UBS price target is $68, and the consensus target for the stock is $76.70. Shares closed Friday trading at $63.21.
Since the carrier spending issue does remain a wildcard for investors, it just makes sense to stay with the top names in the field. They are probably the least likely to report a huge earnings stumble that could send the stocks plunging.
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