Macromedia...making a comeback? 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 : Macromedia...making a comeback?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: vibaby who wrote (2486)	6/4/1999 10:10:00 PM
From: BrooklynDave	Read Replies (1) of 2675

Looking for a play in Internet stocks? Analysts and investment banks contributing research to Multex.com have identified the most followed companies this week among The Internet Analyst's universe of 100 stocks. USbancorp Piper Jaffray rates MACROMEDIA (MACR) a STRONG BUY based on the company's plan to establish Shockwave.com, a site that will emphasize its Shockwave-based products. The brokerage said MACROMEDIA will introduce server-based workflow and collaborative authoring products during the second half of the year, which could be a significant step in MACROMEDIA's push to diversify beyond the traditional tools segment into enterprise applications. USbancorp Piper Jaffray also raised its price target on the company's stock to $60 and forecasts EPS of $0.44 for FY99 and EPS of $0.80 for FY00. For 2Q99, the brokerage forecasts EPS of $0.07, and EPS of $0.10 for 3Q99. "We believe this is a core holding in the Internet infrastructure space and Shochwave.com is pure upside," the brokerage noted, adding that its stock could move another 50%. The Multex.com database contained 28 new reports last week about MACROMEDIA

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next