Ascend Communications (ASND) 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 : Ascend Communications (ASND)

ASND 210.09

+0.2%

3:45 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: giles who wrote (8638)	8/12/1997 3:19:00 PM
From: Narotham Reddy	of 61433

Everen Securities says sell-off was overdone 8/12/97 12:44 pm... ASCEND COMMUNICATION (ASND 46-1/2) UP 1-3/4, EVEREN REITERATES NEAR, LONG TERM OUTPERFORM... Analyst Christian Armacost tells salesforce sell-off overdone... Says in recently filed 8-K, co. disclosed revenues of $62.9M, net income of $2.9M for July... Says for co.'s Sept. Q, he estimates $339.7M revs., $0.35 EPS, of which July accounted for 18.5% of this forecast... Says while July estimate may appear low, not changing estimates... Says in general, 3Q seasonally slow, usually back-end loaded... Says not uncommon for networking co. to generate 50%-60% of its quarterly revenue in last month... Sees $1.35 '97 EPS, $1.84 '98... Has $74 near term target, $88 long term./K.J.Wolfe

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next