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

Markets & Finance

Merrill Lynch Lowers Tellabs Estimates

Merrill Lynch cut estimates on Tellabs (TLAB).

Tellabs sees $0.29 Q1 EPS on sales of $772 million. Analyst Michael Ching says he was looking for $0.37 Q1 EPS. He cut the $2.05 2002 EPS estimate to $1.75, and reduced the $2.50 2002 estimate to $2.10. However, Ching says the shortfall is largely priced into the stock. He maintains his near-term accumulate and long-term-buy ratings because the stock is trading at an attractive level, but he adjusted the risk rating from average to above average.

He cites the belief that volatility will remain high, and that the telecom-equipment group will remain under pressure in the near term. Based on comments from many companies in the sector, business has deteriorated significantly in the last two weeks.

blog comments powered by Disqus