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

Bear Stearns Upgrades Manugistics to 'Peer Perform'

Bear Stearns upgraded Manugistics (MANU) to peer perform from underperform.

Analyst Edward Wolfe says he upgraded on better-than-expected cash flow, continued cost improvement, and expectations of better execution going forward. He says second-quarter results were in line, on the back of lower costs -- a bulk of which came from reduced R&D expenses.

Wolfe notes the company generated about $500,000 in cash during the quarter, vs. previous expectations of loss of more than $5 million. He says management expects to end fiscal 2004 (Feb.) with $145 million in cash, and notes the $59.7 million second-quarter revenue was slightly below the $61.8 million consensus.

Wolfe revised the 2 cents third-quarter loss estimate to breakeven, and narrowed the 10 cents fiscal 2004 loss per share estimate to a 6 cents loss per share.

blog comments powered by Disqus