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

CS First Boston Downgrades Advent Software

Credit Suisse First Boston downgraded Advent Software (ADVS) to hold from strong buy.

Analyst Barry Chubrik says while he'd been hopeful for a relatively smooth transition to a term license model, he thinks that the combination of a recent acquisition, increasing reliance on larger deals, a CFO transition, and a tough financial services environment is likely to keep shares range bound over the next two to four quarters.

Chubrik cut his $0.88 2002 earnings per share estimate to $0.46, and trimmed the $1.35 2003 estimate to $0.81. He also cut the $45 target to $20.

blog comments powered by Disqus