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 Synplicity to Buy from Hold

Needham upgraded Synplicity (SYNP) to buy from hold, citing the software products maker's quarterly results.

Analyst Rich Valera says the company's share prices have dropped 30% amid lighter than expected forecasts for the first half of 2006. But Valera believes the price decline more than accounts for the company's modest near-term revenue growth outlook, and that the shares should perform well as revenue visibility improves in the second half of 2006. At Friday's close, the shares traded at about 15 times his 31 cents 2007 earnings per share (EPS) estimate. He initiates a $9 stock price target.

blog comments powered by Disqus