Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

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To: Finder who wrote (8493)	8/11/1997 2:45:00 PM
From: J. Stone	of 61433

Briefing sez: ASCEND COMMUNICATIONS INC. (ASND) 45 3/4 -3 11/16. Manufacturer of wide area networking solutions is taking it on the chin today after its 8K filing with the SEC shows sales and earnings for the first month of the 3rd qtr to be on the light side. According to the SEC filing, the company reports that revenues for July came in at $62.8 million with earnings of $2.9 million or $0.02 a share. At the same time, Montgomery Securities makes negative comments about the latest filing to its sales force, although the firm does not change ratings or earnings following the latest 8K. According to the First Call mean estimate, the company is projected to earn $0.36 a share in the 3rd qtr, versus year-ago operating net of $0.29 a share on revenues of $154.63 million. However, year-ago comparisons do not include the acquisition of Cascade Communications. In its recent 2nd qtr, the company earned $0.31 a share, after adjustments for the acquisition of Cascade, on revenues of $311.7 million. Prior to today's filing, revenues for the 3rd quarter were expected to grow by 10% sequentially, and while Wall Street estimates have not changed, current trend has spooked some investors who have decided to exit the stock.

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