Bank Of America Merrill Lynch Reports On BigBand Networks

By BenzingaStaffB
Benzinga Staff Writer
July 26, 2011 8:25 AM

Symbols: BBND

Posted in: Analyst Color, Analyst Ratings

According to Bank of America Merrill Lunch, BigBand Networks (NASDAQ: BBND), update issued.

Bank of America Merrill Lunch reported that they're very happy with the direction BigBand is going in, especially with the new AT&T deal that they've recently acquired. However, they're not completely impressed with the financials, and therefore are working toward a higher revenue. PT is set at $2.75 and rating is set to Underperform.

BigBand closed yesterday at $2.21.

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Bank Of America Merrill Lynch Reports On BigBand Networks

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