NUFO : NEW FOCUS (NASDAQ)
Epoch Partners Issues a Research Note on New Focus
New Focus: Stellar Quarter; Revenue Guidance Bumped 60%
SAN FRANCISCO, Jan 31, 2001 /PRNewswire via COMTEX/ -- Epoch Partners today issued a Research Note on New Focus, Inc. (Nasdaq: NUFO chart, msgs). The Research Note, issued today by Mark Langley, Senior Analyst, Communications Equipment Subsystems with Epoch Partners, discusses New Focus' fiscal fourth-quarter earnings report. The following are key highlights included in the Research Note:
-- New Focus' fourth-quarter revenues of $33.9 million outdistanced our
estimate of $27.4 million and Street consensus of $26.4 million.
-- Higher-than-expected gross margins and operating leverage pushed the
company into profitability one quarter sooner than anticipated. Pro
forma EPS was $0.04; we had estimated a loss of $0.01, and the Street a
loss of $0.03.
-- Management was upbeat in a conference call, raising guidance for gross
margins and boosting its 2001 revenue target to $240 million from
$150 million.
-- On the product front, the company plans to ship three new passive
optical components in the first half of 2001, and tunable transmission
lasers remain on track to ship in sample quantities in the first half
of the year, with shipments for revenue in the second half.
-- We are raising our 2001 revenue estimate to $243.7 million from
$161.8 million and our 2001 EPS estimate to $0.23 from $0.15.
-- Our full note, with detailed analysis of each company, is available
free at: www.epoch.com.
siliconinvestor.com |
