Market Gems:Stocks w/Strong Earnings and High Tech. Rank 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.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jenna who wrote (38348)	5/5/1999 11:26:00 PM
From: Teri Garner	of 120523

RESEARCH ALERT - AboveNet buy repeated Wednesday May 5, 2:27 pm Eastern Time RESEARCH ALERT - AboveNet buy repeated CHICAGO, May 5 (Reuters) - PaineWebber said Wednesday it repeated a buy recommendation for AboveNet Communications Inc. and raised its price target to $120 based on recent developments that have improved the Internet technology company's competitive position. In the past 1-1/2 months, AboveNet finalized joint venture agreements in London, Frankfurt and Vienna to build Internet service exchanges, has continued to expand its customer base, and reported fiscal 1999 third quarter earnings that were ahead of expectations, PaineWebber said in a research note. In the note, PaineWebber analyst John Hodulik also increased his revenue estimate for fiscal year 2000 to $47 million from $33.4 million and increased his revenue estimate for year 2001 to $135.1 million from $81.8 million. Shares of AboveNet were trading off 5 to 74-1/4 on turnover of more than 2.8 million shares.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next