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

Needham Ups CNET Networks to Hold from Underperform

Needham upgraded CNET Networks (CNET) to hold from underperform, citing the media company's quarterly results.

Analyst Mark May upgraded the stock amid positive factors such as CNET Networks' control of its costs during the quarter. When taking the company's sale of its Computer Shopper magazine business into account, the analyst calculates that CNET's earnings per share guidance is below the Street consensus mean estimate, however. He cut his 45 cents 2006 earnings per share (EPS) estimate to 29 cents and his 55 cents 2007 estimate to 53 cents. He still upgrades his recommendation, as he believes 2006 expectations have been set at a reasonable level.

blog comments powered by Disqus