Market Overview

Barclays Says Better-Than-Expected EV-DO Demand Underlines Airvana's Q1 Preannouncement (AIRV)

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3/22/2010- Barclays analysts believe that better-than-expected EV-DO demand underlines Airvana Inc.'s (NASDAQ: AIRV) Q1 preannouncement despite slower-than-expected shipments of its femtocell products.

Fiscal Q1 billings of $60 million to $63 million are up 26% quarter-over-quarter from fiscal Q4 levels of $49 million.

The bank maintains its "equal weight" rating on the stock, with a $7 price target.

Write to Chip Brian at cbrian@tradethetrend.com

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