Powerwave Technologies (NASDAQ:PWAV) Backdrop Improving Says Barclays

Several initiatives from Powerwave Technologies (NASDAQ:PWAV) has them positioned for probable healthy growth in 2011.

Barclays said, "Positive commentary out of competitor CommScope as well as the completion of recent initiatives to tighten its balance sheet suggests an improving backdrop for Powerwave. Our own checks suggest in-line near-term trends while a number of initiatives such as LTE builds, improving vertical market opportunities, as well as Sprint's (NYSE:S) desire to consolidate its network provide a fertile backdrop for growth in 2011.

"We believe several initiatives point to the potential for a healthy growth in 2011. We expect momentum around LTE builds to pick up, Powerwave's initiatives in vertical markets (i.e. government) should begin to bear some fruit, and Sprint's desire to consolidate its network technologies could provide incremental opportunities in the back half of the year."

Barclays maintains an "Equalweight" rating on Powerwave Technologies (NASDAQ:PWAV), which closed Wednesday at $3.20, gaining $3.21, or 7.02 percent. Barclays has a price target of $2 on them.