logo
  Join        Login             Stock Quote

Audience (ADNC) Launched As 'Buy' By Deutsche Bank; PT $23

 June 04, 2012 02:01 PM
 


(By Balachander) Deutsche Bank analyst Brian Modoff launched coverage of shares of Audience Inc. (NASDAQ:ADNC) with a "Buy" rating and a price target of $23.

Mountain View, California-based Audience - formerly known as Applied Neurosystems Corp.- provides voice and audio processors for mobile devices.

Modoff is of the view that Audience has reinvigorated the once sleepy area of cellular audio quality. They have spent years convincing carriers and handset vendors of the benefits of voice enhancements. This first mover advantage should allow them to reap benefits by setting the benchmarks for others to follow.

[Related -Fusion-IO, Inc. (FIO): Can Fusion-IO Q2 Results Cheer Street?]

The analyst thinks such enhancements will become commonplace across all phones in coming years, and Audience is in the lead of that process.

Audience is expanding its presence among smartphone makers and Modoff believes they are now integrated into Apple's (AAPL)A5 applications processor and are a standard technology in all iPhones.

The company is also picking up designs at most of the other major handset vendors that Modoff thinks will lead to strong growth as smartphones take off around the world.

Modoff cited risks of overall growth of smartphone adoption, the potential for increased competition and revenue concentration in a small number of customers.

ADNC shares, which have been trading in the 52-week range between $16.66 and $20.50, rose 4.08 percent to trade at $17.85 on Monday.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageFour Stocks in the Dow Making Fresh 52 Week Lows

“What gets weak tends to get weaker; what gets strong tends to get read on...

article imageGreece And The Cemetery For Your Wealth

The Greek default is merely the opening act of the worst sovereign-debt crisis in history. By the time it read on...

article imageAll Signs Point To Higher Gold Prices

In the face of historic monetary stimulus from nearly every major central bank in the world over the past read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.