Oppenheimer Reaffirms Syniverse Outperform Rating (SVR)

Oppenheimer & Co. Inc. reiterated its Outperform rating on Syniverse Holdings, Inc. SVR following checks that indicate a strong finish to the 2nd Quarter. Oppenheimer & Co. maintains a $22 price target on shares of Syniverse. Noting that "Business trends look solid in both Europe and North America," Oppenheimer analysts "expect [Syniverse] to deliver results at least in line with consensus." For FY10 and FY11, consensus estimates stand at $1.89 on $623M and $2.08 on $669M, respectively. Syniverse Syniverse Holdings, Inc. is an enabler of wireless voice and data services for telecommunications companies worldwide. Shares closed at $19.82 on June 28.