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

Baird Cuts Opinion on ADC Telecom

Robert W. Baird cut its investment recommendation on ADC Telecommunications (ADCT) to neutral from outperform.

Analyst Kenneth Muth said the company's recent announcement mainly reflects a slowdown at Verizon (VZ) for FTTx equipment. He thinks Verizon is going through an inventory correction for outside cabinet equipment and has shifted spending to lower dollar per unit products, such as splitters and couplers. He thinks the inventory correction should not affect other equipment vendors. He cut his 29 cents fourth quarter earnings per share estimate on $320 million in revenue to 19 cents on $290 million in revenue, and his $1.35 fiscal year 2006 (ending October) earnings per share estimate on $1.39 billion revenue to $1.04 earnings per share on $1.27 billion revenue. While the FTTx slowdown may be temporary, he sees overhang until ADC can demonstrate revenue reacceleration.

blog comments powered by Disqus