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Technology Stocks : Ascend Communications (ASND)
ASND 210.01+1.7%Nov 26 3:59 PM EST
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To: Doug Fowler who wrote (26063)12/5/1997 4:52:00 AM
From: michael modeme  Read Replies (1) of 61433
 
Michael Ashby ASND's CFO stated that they are comfortable with $1.05 for FY97 and $1.45 for FY98. Further, a couple of weeks ago ASND has a press release stating that SEQUENTIAL growth would be on the order of 10%. First Call has the long-term growth rate of ASND at 35% per year. So, let's see we have 38% growth estimated from the CFO, 46% stated by the company a few weeks ago, and 35% by the analysts recorded by First Call. If we average them you don't get 10%, but rather 40%! Hey, how 'bout that. And with a P/E of 25, I'd say that's a good deal. Wouldn't you?
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