50% Gains Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 50% Gains Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dale Baker who wrote (24093)	2/14/2001 7:18:18 AM
From: Dale Baker	of 118717

Epoch likes SCMR's results: Epoch Partners Issues Earnings Note on Sycamore Networks Analyst Details Quarterly Developments and Earnings Forecast SAN FRANCISCO, Feb. 14 /PRNewswire/ -- Seth Spalding, Senior Analyst, Communications Equipment with Epoch Partners issued a research note today on Sycamore Networks (Nasdaq: SCMR - news) in light of its earnings release on February 13th. The following are key highlights included in the Research Note: Sycamore Networks: Hanging In There -- Sycamore reported EPS of $0.06 on revenue of $149.2 million in its second quarter, posting 24% sequential revenue growth and beating our trimmed estimates. Management's forward guidance is unchanged from the last quarter, but visibility continues to be murky due to delays in network builds and component-availability constraints. -- Margins were inline with expectations but will come down in coming quarters due to a larger support organization and pricing pressure in the crowded metro segment. -- The SN 16000 optical switch is undergoing an upgrade that would make it the most advanced optical switch on the market. Assuming component availability, it should be available by early spring. The SN 10000 long haul transport platform, and SN 3000 and 4000 optical edge devices are all ramping in line or faster than expectations. -- Sycamore's earnings release puts to rest recent concerns that have dragged down the stock -- we see the stock trading up following the results. Furthermore, Sycamore trades at a noticeable discount to comparables -- some with considerably smaller addressable markets. Our full note, with detailed analysis of the company, is available free at: www.epoch.com.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next