EZchip (EZCH +3%) moves higher after Deutsche starts coverage with a Buy and $42 PT. The firm...

|By:, SA News Editor

EZchip (EZCH +3%) moves higher after Deutsche starts coverage with a Buy and $42 PT. The firm declares EZchip "the undisputed leader" in the market for network processors used in carrier Ethernet switches/routers, and predicts its edge router processor share will grow to 50%-60% in 2013-2015 from a current 10%-15%. Deutsche also looks EZchip's high margins and solid visibility. EZchip dived in early August due to the soft guidance accompanying its Q2 report.