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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (27204)6/25/1999 4:18:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
Stock Weakness Helps USWeb/CKS and EarthWeb
By Dean Tomasula

Looking for a play in Internet stocks? Analysts and investment banks contributing research to Multex.com have identified the most followed companies this week among The Internet Analyst's universe of 150 stocks:

The shares of USWEB/CKS (USWB) are rated STRONG BUY-SPECULATIVE, with a 12-month price target of $50. Dain Rauscher Wessels said there is no fundamental reason for the stock's weakness, and that it creates a "compelling buying opportunity." The brokerage forecasts EPS for 1999 of $0.45 and EPS of $0.70 for 2000. It also said it expects the company to post an excellent June quarter, marked by solid momentum in hiring, strong organic revenue growth and improving operational efficiencies. Dain Rauscher said it is projecting 11% sequential revenue growth this quarter. There were 25 new reports about USWEB/CKS added to the Multex.com database last week. In May, research about the company was accessed 30 times.

Volpe Brown Whelan rates the shares of EARTHWEB (EWBX) a STRONG BUY and is maintaining its price target of $68.The brokerage forecasts a loss for 2Q99 of $1.15 per share and a loss for 3Q99 of $0.92 per share. For 1999, the brokerage expects the company to report a loss of $3.68 per share. That figure is expected to decline to a loss of $2.28 per share for 2000. Volpe Brown Whelan said EARTHWEB's stock is trading at a 60% discount to comparable companies. There were 10 new reports about the company added to our database last week. In May, research on the company was downloaded once.

Dain Rauscher reiterated its STRONG BUY-SPECULATIVE rating on VERISIGN (VRSN), with a price target of $100. The brokerage said the June quarter business momentum looks very strong, and that higher pricing continues to be a major catalyst for its Web site business. It also noted that VERISIGN's upcoming Personal Trust Agent and GoSecure managed services will enable the company to penetrate the relatively untapped high-volume consumer services market in late 1999. Dain Rauscher forecasts 1999 EPS of $0.01 and 2000 EPS of $0.32. There were 20 new reports about the company added to our database last week. In May, reports about VERISIGN were accessed 39 times.
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