SI
SI
discoversearch

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 199.01-1.6%3:10 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ALAN who wrote (41991)4/3/1998 8:52:00 AM
From: ALAN  Read Replies (1) of 61433
 
I believe that ASND should hit 43.5 next week (barring a market correction) based on the following reasoning -

At the current price of 70.25, CSCO trades at 40.37X current years earnings estimate and at 32.83X next years estimate.

At the current price of 39.375, ASND trades at 33.76X current years earnings estimate and at 27.24X next years estimate.

I believe that ASND estimates are conservative as many analysts were burned last year and and are waiting for positive confirmation that ASND is back on track. I am hoping for a bullish conference call next week and earnings roughly in line with the .25 consensus.

If this happens, ASND should trade at around 30X next years estimate of 1.45 or about 43.50. In addition, with a positive conference call, we should see upward earnings revision.

Any thoughts appreciated.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News