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 206.52

-1.2%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sowbug who wrote (43953)	4/13/1998 10:16:00 AM
From: Sriram S. Konkipudi	Read Replies (3) of 61433

Ascend RAISED TO BUY NEW YORK, April 13 (Reuters) - UBS analyst Nikos Theodosopoulos raised his rating for Ascend Communications Inc.<ASND.O> Monday to buy from hold. -- He said in a report the upgrade was based on "improving visibility in core switching, better outlook on operating margins and stable pricing on RAC market. -- "Our year-end target is $45, although we believe stock could exceed our target if takeover speculation increases." -- The company reported first-quarter earnings per share of $0.26 after markets closed Thursday. The results beat UBS' and the consensus estimate of $0.25. -- Ascend opened Monday down 7/16 at 39-1/2.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next