12:45 PM EDT, 07/18/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price to $65 from $45, on higher revised P/E of 30.4x our FY 27, which is below peers. This is also below the five- and 10-year historical forward averages of 33.5x and 32.4x, respectively. We keep our FY 26 (Jan.) EPS estimate at $1.65 and FY 27 at $2.14. We believe the current discount (about 25x FY 27) largely reflects prior challenges tied to CopperEdge. Any major wins on this front in the coming quarters, which we expect to see, have the potential to drive multiple expansion in the shares. We continue to see data center sales (copper and optical related) benefiting from the rising demand for AI workloads as well as expanding customer bases, while industrial orders should improve due to upside from LoRa-enabled solutions. In addition, we see higher revenue from both the passive optical network and base station markets and expect greater margin expansion/profitability aided by portfolio optimization, AI efficiencies, and scale benefits.