Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Salomon SB Upgrades Macromedia to Buy


Salomon Smith Barney upgraded Macromedia (MACR) to buy from neutral.

Analyst Jonathan Rosenzweig says MACR stock plunged in recent weeks. After reaching $27 in December, the stock is now only $13, or a firm value to revenue multiple of just 1.86 times, he says. Sentiment toward the company's name clearly has been very weak, he says. He notes the company is on the cusp of a significant product upgrade cycle. With its Flash 6.0 player already available, it seems Flash 6.0 will be the first of several new product releases and upgrades, he says. He notes shipments could start as early as March, which could add some cushion to its top line.

The analyst set $0.60 fiscal year 2004 (ending March) EPS estimate. He also raised his $15 price target to $17.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus