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.
Pastimes : J Doe #13 Off-topic Non-Specific Tech Stock Ponderings
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Charlie Finley who wrote (1657)6/3/1999 2:26:00 PM
From: Johnathan C. Doe  Read Replies (2) of 1819
 
Positive outlook for Evolving Systems
Robertson Stephens sees second-quarter loss narrowing

By Brenon Daly, CBS MarketWatch
Last Update: 1:32 PM ET Jun 3, 1999 Software Report

ENGLEWOOD, Colo. (CBS.MW) -- Evolving Systems shares jumped 11 percent Thursday afternoon after BancBoston Robertson Stephens said it expects the telecom software maker to lose only half as much as originally projected for the second quarter.




Shares rose 1/2 to 5 1/8, but are still a far cry from the level they hit when the Denver company went public last May.

Analyst Marianne Wolk also upped her rating on Evolving Systems (EVOL: news, msgs) to "long-term attractive" from "market performer."

Wolk raised her second-quarter revenue forecast to $9.8 million from $9 million and trimmed her expectation of a loss to 7 cents per share from 15 cents.

And the loss may be narrower than her revised projections.

"Several deals in Evolving System's pipeline could close earlier than expected, raising the possibility that the second quarter is closer to a loss of 3 (cents per share), significantly better than our revised forecasts," Wolk said in a research note.


Evolving Systems came up short of analysts' expectations in its first quarter as a public company, after having trouble signing up telecom companies for its service.

Evolving Systems sells a product that lets the customers of phone companies keep their phone number when switching service providers.

Brenon Daly is a reporter for CBS MarketWatch.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News