Jacada Ltd (JCDA) 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 : Jacada Ltd (JCDA)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Amots who wrote (164)	11/9/1999 1:53:00 PM
From: Bill Barry	Read Replies (1) of 401

RESEARCH ALERT - SG Cowen starts Jacada at buy Tuesday November 9, 11:31 am Eastern Time NEW YORK, Nov 9 (Reuters) - SG Cowen Securities analyst Rehan Syed said Tuesday he had initiated coverage of Israeli software firm Jacada Ltd. (NasdaqNM:JCDA - news) with a buy rating. -- Shares of Jacada were off 13/16 at 30-7/8 on the Nasdaq stock market. -- Syed said Jacada has a strong position in a new and fast-growing market category and is well differentiated with high productivity and robust products. -- said that although company is based in Israel, its primary revenue base is in the U.S. market. -- said company is off to a solid start with more than $9 million in revenue for 1998, and revenues are expected to grow by about 50 percent in 1999 and 2000. -- Since the market is still new and the company needs to aggressively capture market share, it has recently stepped up its infrastructure build-out by hiring more aggressively and is expected to break-even by the end of 2000, Syed said. -- said company's stock has performed very strongly, up about 200 percent from its the mid-October initial public offering price of $11 per share.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next