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ADC Telecommunications (ADCT): Price defines bullish 'flag' pattern |
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| Jun 10, 2008 03:10 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Earnings reports, Analyst upgrades and downgrades, Ciena Corp (CIEN), Morgan Stanley (MS), Verizon Communications (VZ), Technical Analysis, Stocks to Buy ADC Telecommunications (NASDAQ: ADCT) provides The firm surprised the Street last week, when it reported Q2 EPS of 39 cents and revenues of $403.4 million. Analysts had been looking for 30 cents and $384.8 million. Management also guided Q3 revenues to about $403.4 million ($395.70 million consensus), FY08 EPS to $1.25-$1.33 ($1.21 consensus) and FY08 revenues to $1.52-$1.54 billion ($1.5B consensus). Friedman Billings, Robert W. Baird, UBS and Deutsche Securities subsequently reiterated "buy" ratings on the shares. Lehman Brothers reiterated its "equal weight". All five firms boosted their price targets to the $18.50-$20.00 range. Continue reading ADC Telecommunications (ADCT): Price defines bullish 'flag' pattern Permalink | Email this | Comments<map name="google_ad_map_145-1221360"><area href="http://imageads.googleadservices.com/pagead/imgclick/145-1221360?pos=0" shape="rect" coords="1,2,367,28" /><area href="http://services.google.com/feedback/abg" shape="rect" coords="384,10,453,23" /></map> 
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