Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Prudential Slices CNET Estimates

Prudential Securities cut its estimates on CNET Networks (CNET).

Analyst Bill Lerner says the media company's Q4 is solid, however, its guidance for 2001 was worse than expected. Lerner says not unlike other ad-based media, CNET's visibility on ad contracts has suffered -- given the likely bleak 2001 ad-spending environment. He cut his $580 million 2001 revenue estimate to $465 million, and cut his $0.51 EPS to $0.21. Lerner maintained his strong buy rating and his Single Best Idea rating. He believes a substantial amount of revision is reflected in CNET's shares. Lerner adds that the company remains the clear leader in technology vertical, with still robust long-term growth prospects. Finally, Lerner notes CNET's enviable balance sheet.

blog comments powered by Disqus