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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Sosmartinov who wrote (70755)11/11/1999 8:03:00 AM
From: SMALL FRY  Read Replies (6) of 120523
 
COVD - Maybe? theinternetanalyst.com

COVAD COMMUNICATIONS (COVD: research, earnings): Deutsche Banc Alex. Brown rates the shares of COVAD COMMUNICATIONS a STRONG BUY, with a 12-month price target of $90. The brokerage said the company reported a very strong quarter and increased subscriber growth. It also noted that the economics of DSL service are compelling. It forecasts a loss for 1999 of $2.91 per share and a loss for 2000 of $5.27 per share. For 4Q99 it forecasts a loss of $1.04 per share. The company's shares were trading at $50.12 early on November 8. Research about the company was accessed 477 times last week and there were 17 new reports about the company added to our database.

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