Deutsche Bank (NYSE:DB) leads the IT tech trades

225

IT industry is generating profits regardless of fluctuating value of Dollar or the shifting European growth. Technical features, such as security, data centre switching and cloud-built outs are prospering and are expected to continue this pattern. A disparity is seen by the IT technology analysts in the IT spending made by Deutsche Bank (NYSE:DB). There are three categories that have been chosen by the Deutsche Bank (NYSE:DB) and it is positive that these categories will benefit a great deal with increase in spending.

Cisco System Inc. (NASDAQ:CSCO)

Cisco system Inc. (NASDAQ:CSCO) is the first of the three categories. It specialises in wireless equipment.  The purchase of Cisco system Inc. (NASDAQ:CSCO) is favourable for Deutsche Bank (NYSE:DB) because of the reduced stock. The telecom routing, according to analysts may be weak, but it is believed that the company will prove fruitful as far as the security, switching and cloud splurge is concerned. The bargain that the bank is getting due to the reduced stock will also prove beneficial in future revenues. The bank’s team is also looking forward to the alliance of F5 network services (NASDAQ:FFIV) with Cisco’s (NASDAQ:CSCO) products. Deutsche Bank (NYSE:DB) representatives believe that the collaboration will be a boost for NSX integration. The investors of Cisco (NASDAQ:CSCO) will get 3.25% dividend. The stock target set by Deutsche Bank (NYSE:DB) is $30, while the estimated target is $26.31; quite lower than the bank’s target. On Monday the stock closed at $22.93 per share.

F5 Networks Inc. (NASDAQ:FFIV)

The next category is the F5 networks Inc. (NASDAQ:FFIV). The Bank analysts feel that the earnings from the F5 networks (NASDAQ:FFIV) stocks will exceed the expectations once the reports are released. The company caters to the application based market and provides solutions to the related problems. F5 networks (NASDAQ:FFIV) extends its help to organizations to effortlessly scale cloud, data center and software defined networking groups to provide applications to customers at all times. The bank sees potential of getting good business in these areas.

At a recent VMWorld conference, a Wall Street analyst released news of F5’s (NASDAQ:FFIV) launch of its BIG-B IQ solution by the end of 2014. Deutsche Bank (NYSE:DB) price target is $150, while the estimated target is calculated to be $125.49. On Monday the stock closed at $109.10.

Mavenir Systems Inc. (NYSE:MVNR)

The last category that the Deutsche Bank (NYSE:DB) chose is Mavenir Systems Inc. (NYSE:MVNR) which is a leading provider of software-based communications solutions. This service empowers the mobile service providers to give its customers high quality Internet protocol-based voice, video, rich communication and better messaging services. Mavenir Inc. (NYSE:MVNR) is a pioneer in enabling mobile service providers to offer live network deployment of Voice-over LTE along with the enhanced communication services 5.0. This is the very area in which the Bank saw potential and decided to invest.

The price target set by the bank is $18 while the estimated price target is $17. On Monday the stock closed at $10.8.

Get Free Updates and Stock Alerts!



*We only send one email per week
Share.

Get Winning Stock Alerts!

Our track record speaks for itself! Our last 7 alerts have delivered combined gains in excess of 300% and there are no signs of slowing down. Join UltimateStockAlerts.com now before you miss out on our next big runner!

We will never sell or share your information.