Tellabs Upgraded To Neutral
We upgrade our recommendation to Neutral on Tellabs Inc. (NASDAQ:TLAB). Tellabs met the Zacks Consensus Estimates in its fourth-quarter 2011 financial results. In the last quarter, the company witnessed solid improvements with respect to several valuation metrics. Management has taken a strategic decision to thoroughly restructure its business model emphasizing smart mobile Internet, including mobile [...]

We upgrade our recommendation to Neutral on Tellabs Inc. (NASDAQ:TLAB). Tellabs met the Zacks Consensus Estimates in its fourth-quarter 2011 financial results. In the last quarter, the company witnessed solid improvements with respect to several valuation metrics. Management has taken a strategic decision to thoroughly restructure its business model emphasizing smart mobile Internet, including mobile backhaul solution, packet optical solution and Tellabs’ Insight Analytics Services.
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