Deutsche Bank Comments On Cbeyond, Inc. 4Q Results, Lowers PT (CBEY)

Deutsche Banks released a research report this morning commenting on the 4Q results for Cbeyond, Inc. CBEY and lower its price target from $14.00 to $13.00.

In the report, Deutsche Bank writes "We expect 2011 to be a year of transition as CBEY faces (1) ARPU pressure from customers migrating to a new lower pricing strategy and (2) margin and FCF pressure associated with investments in its Ethernet initiative and cloud service offerings which should eventually provide long-term benefits."

Deutsche Banks maintains its Hold rating.

Cbeyond, Inc. closed yesterday $12.77