Acme Packet (NASDAQ: APKT) Price Targets Changed

Acme Packet, Inc. (NASDAQ: APKT) had price targets on them adjusted by analysts.

Acme Packet, Inc. (APKT) had its price target lowered by Barclays Capital (NYSE:BCS) from $35.00 to $27.00. They have an “Equal Weight” rating on the company.

Acme Packet, Inc. had its price target lowered by Mizuho from $28.00 to $25.00. They have a “Neutral” rating on the company.

Acme Packet, Inc. had its price target lowered by Morgan Keegan to $39.00.

Acme Packet, Inc. had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $26.50.

Acme Packet, Inc. (APKT) had its price target lowered by Kaufman Brothers from $65.00 to $43.00. They have a “Buy” rating on the company.

Acme Packet, Inc. had its price target lowered by Northland Securities from $63.00 to $40.00. They have an “Outperform” rating on the company.

Acme (APKT) (TMO) (TRI) (TRN) (VPHM) (APKT) (AREX) Ratings, Price Targets

Acme Packet, Inc. (APKT), Thermo Fisher Scientific (TMO), Thomson Reuters Co. (TRI), Trinity Industries, Inc. (TRN), ViroPharma Incorporated (VPHM), Acme Packet, Inc. (APKT) and Approach Resources Inc. (AREX) ratings and price targets.

Goldman Sachs (NYSE:GS) downgraded Thermo Fisher Scientific (TMO) from a “Buy” rating to a “Neutral” rating.

Piper Jaffray (NYSE:PJC) lowered its price target on Thomson Reuters Co. (TRI) to $26.00.

Susquehanna initiated coverage on Trinity Industries, Inc. (TRN). They placed a “Positive” rating on the company.

Oppenheimer raised its price target on ViroPharma Incorporated (VPHM) from $23.00 to $32.00. They have an “Outperform” rating on the company.

JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Acme Packet, Inc. (APKT). They placed a “Neutral” rating and a price target of $29.00 on the company.

Wunderlich raised its price target on Approach Resources Inc. (AREX) to $49.00.

Trina Solar (TSL) (APKT) (RVBD) (ARUN) (FFIV) Price Targets Changed

Trina Solar (NYSE: TSL), Acme Packet, Inc. (NASDAQ: APKT), Riverbed Technology, Inc. (NASDAQ: RVBD), Aruba Networks, Inc. (NASDAQ: ARUN) and F5 Networks (NASDAQ: FFIV) price targets adjusted by analysts.

Trina Solar (TSL) had its price target lowered by Collins Stewart from $19.00 to $15.00. They have a “Neutral” rating on the company.

Acme Packet, Inc. (APKT) had its price target lowered by Barclays Capital from $74.00 to $65.00. They have an “Overweight” rating on the company.

Riverbed Technology, Inc. (RVBD) had its price target lowered by Barclays Capital from $38.00 to $30.00. They have an “Overweight” rating on the company.

Aruba Networks, Inc. (ARUN) had its price target lowered by Barclays Capital from $33.00 to $23.00. They have an “Overweight” rating on the company.

F5 Networks (FFIV) had its price target lowered by Barclays Capital from $118.00 to $100.00. They have an “Overweight” rating on the company.

Acme Packet (APKT) (AMZN) (F) HRB) Get EPS Changes from Analysts

Acme Packet, Inc. (NASDAQ: APKT), Amazon.com, Inc. (NASDAQ: AMZN), Ford (NYSE: F) and H&R Block, Inc. (NYSE: HRB) received changes in EPS estimates from analysts.

UBS AG (NYSE:UBS) cut its EPS estimates on Amazon.com, Inc. (AMZN). They have a “Neutral” rating and a price target of $180 on them.

Goldman Sachs (NYSE:GS) raised its EPS estimate on Acme Packet, Inc. (APKT). They have a “Neutral” rating and a price target of $78 on the firm.

Credit Suisse (NYSE:CS) lowered its EPS estimate on Ford (F). They have a “Neutral” rating and a $1.75 EPS target on the auto maker. They had a previous EPS target of $1.78 on the company.

Goldman Sachs raised its EPS on H&R Block, Inc. (HRB). They have a “Neutral” rating and a price target of $17 on HRB.

Roper (ROP) (PNRA) (HUM) (APKT) ALTR) get Ratings Initiations

Roper (NYSE:ROP), Panera Bread (NASDAQ:PNRA), Humana (NYSE:HUM), Acme Packet (NASDAQ:APKT) and Altera (NASDAQ:ALTR) had analysts initiate coverage on them.

Roper (ROP) was started off with an "Overweight" rating by Barclays Capital, which has a price target of $99 on the company.

Panera Bread (PNRA) was started off with an "Equal Weight" rating by Barclays Capital, with a price target of $122.

Humana (HUM) was initiated with a "Buy" rating by UBS (NYSE:UBS), with a price target of $88 on them.

Acme Packet (APKT) was initiated at a "Buy" rating by Miller Tabak, with a price target of $85.

Altera (ALTR) was started off with a "Sector Perform" rating by RBC Capital, which placed a price target of $39 on the company.

Acme (APKT) (UA) (BWLD) (PNR) (WRB) Get Ratings Initiations

Acme Packet (NASDAQ:APKT), Under Armour (NYSE:UA), Buffalo Wild Wings (NASDAQ:BWLD), Pentair (NYSE:PNR) and W.R. Berkley (NYSE:WRB) had analysts initiate coverage on them.

Acme Packet (APKT) was started off with a "Buy" rating by Deutsche Bank (NYSE:DB), which has a price target of $82 on the company.

Under Armour (UA) was started off with an "Equal Weight" rating by Barclays Capital, with a price target of $70.

Buffalo Wild Wings (BWLD) was initiated with a "Buy" rating by Deutsche Bank, with a price target of $74.

Pentair (PNR) was initiated at a "Buy" rating by Longbow, with a price target of $45.

W.R. Berkley (NYSE:WRB) was started off with an "Outperform" rating by RBC Capital Markets, which placed a price target of $35 on the company.

Amazon.com (AMZN) (APKT) (ASTE) (BMRC) (BSRR) Ratings, Price Targets

An overview of the ratings and price targets on Amazon.com, Inc. (NASDAQ: AMZN), Acme Packet, Inc. (NASDAQ: APKT), Astec Industries, Inc. (NASDAQ: ASTE), Bank of Marin Bancorp (NASDAQ: BMRC) and Sierra Bancorp (NASDAQ: BSRR).

Piper Jaffray reiterated an “Overweight” rating on Amazon.com, Inc. (AMZN). They have a price target of $200.00 on the Internet retailer.

Wedbush maintained a “Neutral” rating on Acme Packet, Inc. (APKT). They have a price target of $70.00 on the stock.

Piper Jaffray reiterated an “Overweight” rating on Astec Industries, Inc. (ASTE). They have a price target of $44.00 on the company.

Keefe, Bruyette & Woods, Inc maintained an “Outperform” rating on Bank of Marin Bancorp (BMRC). They have a price target of $46.00 on the firm.

Wunderlich reiterated a “Hold” rating on Sierra Bancorp (BSRR). They have a price target of $11.00 Sierra.

Cisco (CSCO) Has More Pain to Come Says Gleacher

Cisco Systems (CSCO) will continue to struggle according to Gleacher & Co. analyst Brian Marshall, who recommended for investors to resist the temptation to acquire the stock on low valuation at this time, as its “financial model is likely to continue to deteriorate.”

Marshall pointed to some of the competitors of Cisco, like Aruba Networks (ARUN), F5 Networks (FFIV), Juniper Networks (JNPR) and Acme Packet (APKT) as having carved out some niche positions in markets like Application Networking and WAN Optimization as factors nibbling away at the strength of the company.

Marshall said, "In the mid- to late-1990s (e.g., 1995 to 1999), CSCO grew its total revenue base on average 52.9% Y/Y each year […] However, during the last 10 calendar years, CSCO’s average annual revenue growth decline to just 6.9%, year over year, as the company’s market share began to peak and its core market opportunity became exhausted or fully penetrated. […] If CSCO truly wants to grow 12-17% over the long-term, the company will have to identify the source of the $4.6 billion of incremental annual revenue derived from non-core markets. If one assumes CSCO will remain acquisitive (highly likely), adding roughly $500 million of acquired annual revenue would still leave a $4.1 billion hole relative to plan. The investment community will certainly require more granularity than just the simple statement “the remaining $4.1 billion revenue stream will come from advanced technologies and new market adjacencies”. Many bears believe as CSCO searches for incremental revenue growth outside its core networking/telecom vertical, the company will dilute its current margin profile. In fact, this trend has already begun as operating margins have decline almost 600bps over the past 12 months (e.g., 30.3% in January 2010 to 24.5% in January 2011). If CSCO continues to enjoy success with its new market expansion opportunities (e.g., UCS servers, Flip camcorder, Cius enterprise tablet, etc.), it is inevitable the company will suffer a lower margin profile in the future."

Cisco was trading at $17.27, gaining $0.21, or 1.23 percent, as of 11:45 AM EDT.

Acme Packet (NASDAQ:APKT) Driven by TAM Expansion Opportunities

Acme Packet (NASDAQ:APKT) seems to have momentum at this time for their SBC gear in CY11/12, and also should be driven by TAM expansion opportunities.

Deutsche said, "Our latest research suggests solid product cycle momentum for Acme’s SBC gear in CY11/12. The sales ramp is driven by meaningful TAM expansion opportunities in 1) enterprise SIP trunking (VoIP replacing circuit voice) - US and rest of world; 2) public sector SBC rollouts; and, 3) IP video (video collaboration and conferencing). We think the company can continue to accelerate earnings through these positive product cycle trends. Based on our positive checks, we are increasing our CY11/12 estimates."

Deutsche Bank maintains a "Buy" rating on Acme Packet, which was trading at $60.98, gaining $3.44, or 5.98 percent, as of 2:32 PM EST. They boosted their price target on Acme from $45 to $63.