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

CIBC Ups Credence Estimates

CIBC World raised estimates for semiconductor test equipment maker Credence Systems (CMOS).

Analyst Peter Wright says fourth-quarter loss was 4 cents narrower than expected, bookings stabilization are occurring a quarter ahead of estimates, which limits downside and should drive near-term multiple expansion.

He says bookings are stabilizing ahead of the industry due to better-than-expected adoption of the company's Sapphire test systems and expansion in service bookings via NP Test. Wright says it's still early, and much restructuring lies ahead to fully consolidate NP Test acquisition, but Sapphire acceptance is encouraging.

He narrows his 66-cent fiscal 2005 (ending October) loss to a 31-cent loss and ups his $10 target to $12. He rates the stock at sector perform.

blog comments powered by Disqus