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

JMP Securities Ups McDATA to Outperform

From Standard & Poor's Equity Research

JMP Securities upgraded McDATA (MCDTA) to outperform from market perform, explaining that the company is about to capitalize on two material product cycles over the next several quarters.

Analyst Samuel Wilson says the company is facing an industry wide transition from 2 Gbps fiber channel networks to 4 Gbps fiber channel networks. Second, he believes that the company has improving prospects for its high-end Intrepid 1000 series Director class product, where it is early to the game. He bumps his 2006 earnings per share (EPS) estimate by a penny to 25 cents and keeps his 35 cents 2007 estimate. Given the history of execution risks, he is reluctant to employ greater multiples at this time and sets a $4.50 stock price target.

blog comments powered by Disqus