Anaren (NASDAQ:ANEN) Driven by Product Mix, Execution

Citing an improving product mix, solid execution and strong demand for AIR modules, Canaccord Genuity sees earnings growth for Anaren (NASDAQ:ANEN) in 2011.

Canaccord says, "Based on a better than expected demand environment for Anaren’s AIR modules, Anaren’s continued solid execution in its Space & Defense division, and an improving product mix driving overall earnings growth, we reiterate our rating and PT...Given our checks and increasing confidence in AIR modules, we are raising our wireless infrastructure sales estimates from $61M to $63M in F2012. This results in us raising our F2012 pro forma EPS estimate from $1.55 to $1.57."

Canaccord Genuity maintains a "Buy" rating on Anaren, which closed Tuesday at $22.01, gaining $0.80, or 3.77 percent. Canaccord has a price target on them of $25.