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

CS First Boston Raises Websense Outlook


Credit Suisse First Boston raised its estimates on Websense (WBSN).

Analyst Todd Raker says third quarter results came in solid in a challenging IT spending environment, and the company has exhibited improving operating execution. Raker says the results support his view that IT security remains one of best-performing segments in the technology market today. He raised his $17.5 million fourth quarter revenue estimate to $17.8 million, and upped the $0.17 earnings per share to $0.19; he also raised the $82 million 2003 revenue estimate to $85.5 million, and upped the $0.53 earnings per share to $0.67. Raker also increased his $15 target to $17. However, in spite of the company's market momentum and improving profitability, he regards stock as fully valued at current levels and maintains his neutral rating.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus