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

Merrill Boosts Scientific Atlanta to 'Long-Term Buy'

Merrill Lynch upgraded Scientific Atlanta (SFA) to long-term buy from accumulate, and keeps near-term neutral.

Analyst Tal Liani lowered the $1.39 fiscal 2002 (June) EPS estimate to $1.07 following the company's decision to withdraw its forecasts. However, he thinks issues are temporary, and provide a buying opportunity for long-term holders. He upgraded the long-term rating for the following reasons: valuation is low at 18.7 times the revised fiscal 2002 EPS; balance sheet is strong with $730 million in the bank, $240 million in annual free cash; customer base appears solid; his model assumes a worst case scenario of no growth in Europe and the U.S.; declines in transmission business; and he thinks set-top sales should climb to 1.2 million quarterly units in the next two to three quarters.

blog comments powered by Disqus