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

CIBC World Ups Mercury Computer to 'Buy'


CIBC World upgraded Mercury Computer (MRCY) to buy from hold.

Analyst Andrew Huang says he is upgrading on improved visibility, as well as growth in orders for major defense deployment programs. He notes fourth quarter earnings per share exceeded his $0.19 estimate. Huang says while the fourth quarter clearly highlights the "lumpiness" of the defense business (80% of sales), investors should focus on the big picture. He says Mercury Computer has several contracts involving radar and sonar applications. He says "software-like" margins have supported a high degree of profitability despite recent delays in expected revenue growth.

Huang sees $1.00 in fiscal 2003 (June) earnings per share.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus