Favorable Comps Ahead For SVR
Analysts at RBC Capital Markets maintain their "outperform" rating on Syniverse Holdings Inc (NYSE: SVR).
According to RBC Capital Markets, Syniverse’s core roaming business continues to stabilize with a potential continued recovery into 2010. Although SVR is likely to issue in-line guidance for 2010, the company is likely to witness favorable comps during the year, the analysts say.
SVR's Number Portability project in India has been delayed to mid-2010. The delay does not matter, and the company has significant growth potential considering the sizable roaming volumes in a major country like India, the analysts say. The integration of SVR’s Verisign (NYSE: VZ) messaging business acquisition is on track, the analysts add.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.