UPDATE: Bernstein Warns to Stay Away From Alcatel-Lucent
November 01, 2013 at 14:44 PM EDT
In a report published Friday, Bernstein Research analyst Pierre Ferragu recommended to stay away from Alcatel-Lucent, S.A. (NYSE: ALU ) due to unattractive risk after earnings report. Alcatel-Lucent's revenue came in at 2 percent above consensus and 4 percent above Bernstein's estimates. Ferragu noted that the Alcatel gave "very