Mark Sue (RBC Capital Markets ) writes that Arris "still needs work" in terms of showing consistent execution, but he notes that the company is "making strong strides with its financial metrics and cash flow generation." You get the feeling that everyone thinks that if they come right out and praise Arris unequivocally, a giant anvil will fall on their heads. (Have I been watching too many cartoons?)
Catharine Trebnick (Avian Securities LLC ) only has a fiscal-year revenue projection of $209.65M for Sonus. Her channel checks suggest that carriers will more quickly spend on Carrier Ethernet and broadband mobility projects ahead of TDM-to-IP migrations in the near-term.
Steven J. O'Brien (JP.MorganChase ) is less shocked today than yesterday. He writes that Sonus's second-quarter results were "stronger than we were expecting across the P&L, but Sonus made little change to its FY 2009 outlook. So, he's keeping his powder dry as he observes that "management does not see a near-term inflection point for demand or profitability."
At #CES2020, Jeff Baumgartner reports on streaming video deals that include broadband service providers as key distribution partners. Maybe this is the silver lining as traditional pay-TV keeps losing subscribers.