Ascend Communications (ASND) 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.

Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bald Eagle who wrote (32711)	1/31/1998 11:01:00 AM
From: Larry J.	of 61433

ASND's PE is about 30 for now Well not exactly, really depends on what timeframe you're looking at: ASND's Trailing PE (1.06 a per share) is 27.89 1998 PE (1.18 e per First Call) is 25.05 1999 PE (1.43 e per Zacks) is 20.67 First Call has the Long Term Growth Rate @ 32% vs. industry @ 24% Current mean recommendation is at 2.2, up from 2.4 the week prior. There were 6 upward revisions for FY '98 in the last 7 days, 8 upward revisions in the last 30. Compared with 4 downward in the last 7, and 5 in the last 30. (I believe these are the laggard analysts that never re-set estimates after Q3). I tend to agree that ASND will hover in the low $30's until near the end of the 1st Q, but certainly valuations will begin to be based more on '99 estimates (1.43) as visibility and consistency of earnings improves. This alone nets a share price of $35.75 (25x). IMO we will begin to see upward revisions for '98 and '99 coming in around 1.38 and 1.80 respectively in 2H '98. Larry

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next