Silicon Investor (SI) -- The First Internet Community

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 : Exodus Communications, Inc. (EXDS) -- Ignore unavailable to you. Want to Upgrade?

To: mrc who wrote (328)	4/7/1999 10:16:00 PM
From: Bala	Read Replies (2) \| Respond to of 3664

First-quarter expectations boost Exodus .. news.com By Bloomberg News Special to CNET News.com April 7, 1999, 4:20 p.m. PT Shares in Exodus Communications, which houses computers that run large corporate Internet sites, rose on optimism that the money-losing company will report strong first-quarter results, analysts said. Shares rose 5.25, or 3.3 percent, to a record 165.25 in trading of 1.71 million, double the three-month daily average. Yesterday the stock rose 8.1 percent. QUOTE SNAPSHOT April 7, 1999, 1:00 p.m. PT Exodus Communications Inc. EXDS 165.2500 +5.2500 +3.28% by symbol by name > more from CNET Investor Quotes delayed 20+ minutes Exodus shares have more than doubled this year, putting them among the best performers in U.S. markets, on speculation that more companies will use Exodus data centers to keep their Web sites running. Exodus operates eight such sites in the United States, making it the leader in its business, analysts said. "They're very well-positioned for the trend for companies to be hosting Internet functions," said Geoffrey Stricker, an analyst at Lehman Brothers in Washington, who rates Exodus "outperform." Exodus has recently doubled its sales force and is expanding geographically, he said. The Santa Clara, California-based company isn't expected to be profitable this year or next, according to the average earnings estimate of analysts polled by First Call. Stricker expects Exodus to be profitable in 2001. The analysts almost unanimously recommend investors buy the stock. Exodus last year lost $68.5 million, or $4.38 a share, on revenue of $52.7 million. The company is scheduled to disclose first-quarter results April 21.