Sterne Agee: 2H11-2012 Could Put NETL On A "Solid Sequential Quarterly Growth Trajectory"

In a report focusing on NetLogic Microsystems Inc. (NASDAQ: NETL), Sterne Agee said that it believes 2H11-2012 will “potentially put NETL on a solid sequential quarterly growth trajectory with 1) iPv6 production ramps with 40nm XLPs, 2) 10GbE, 40GbE ramps, 2) 4G rollouts.”

“Maintaining our $45 PT, and would be buyers on the Pullback, as NETL continues to be solidly positioned on a L-T growth roadmap with multiple tailwinds driving triple-play, quad-play, convergence and an explosion of mobile traffic,” Sterne Agee writes.

NetLogic Microsystems closed Monday at $43.28.