Robbie Stephens Raises Estimates, Repeats Buy on OpenWave Systems

Analyst Marianne Wolk says the firm's Q4 EPS and revenue figures surpassed her estimates -- and those of the Street as well

Shares of Web communications software firm OpenWave Systems (OPWV ) were trading sharply higher after the company reported Q2 earnings per share from operations of $0.09. Robertson Stephens raised its EPS estimates on OpenWave and reiterated its buy rating on the stock.

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