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Technology Stocks : Acterna Corporation (NASDAQ: ACTR)

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To: voyagers_stocktips who started this subject4/26/2001 1:50:57 PM
From: voyagers_stocktips   of 13
 
RESEARCH ALERT - CSFB starts Acterna at buy
April 26, 2001 12:00:00 PM ET

NEW YORK, April 26 (Reuters) - Credit Suisse First Boston said on Thursday that it started coverage of Acterna Corp. (ACTR), a maker of communications network testing equipment, with a buy rating.

Shares of Acterna rose 10.45 percent or $1.06 to $11.20 in early trading on the Nasdaq.

Credit Suisse First Boston said in a research note that Acterna derives 90 percent of total revenues from high growth communications test solutions, a high growth segment.

The investment bank said it is expecting the company, which was formerly known as Dynatech, to earn 35 cents a share for fiscal 2002.

``With higher leverage than its competitors and tradable shares outstanding equal to 12 percent of (its) market cap, shareholders are exposed to slightly higher risk,'' the research note said. Merger efficiencies and a possible secondary offering could offset the risks, the note said. REUTERS

© 2001 Reuters

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