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WİRELESS RONİN TECHNOLOGIES Message Board

  • theviv1103 theviv1103 Aug 19, 2009 2:42 PM Flag

    stock performance?

    anyone have any idea whats behind this big drop?

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    • RNIN Wireless Ronin upgraded to Strong Buy at Feltl & Co.; tgt raised to $5 (2.40 )

      Feltl & Co. upgrades RNIN to Strong Buy from Buy and raises their tgt to $5 from $4 following the co's Q2 results that came in-line with the Street's expectations but slightly missed the firm's expectations. The firm now expects RNIN'S gross margin to expand from 23% in Q2'09 to over 50% in FY'10 because, per the NEC relationship, Ronin will less frequently sell screens and hardware. Moreover, given the much lower supplier risk profile implied with the NEC relationship, the firm expects existing projects with Yum! Brands (YUM) and Aramark to deploy much faster and new opportunities to emerge sooner.

 
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