Roth Capital Keeps 'Strong Buy' on Computer Network
Analyst Ian Gilson says the second-quarter is well above consensus for the data storage firm
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Roth Capital keeps its strong buy rating on Computer Network Technology (CMNT ).
Analyst Ian Gilson says the second quarter was the first opportunity to see the impact of the company's April 2003 acquisition of Inrange Technologies. He says the result was a fantastic quarter. Gilson notes 2 cents pro forma earnings per share compared to expectations of a 7-cent loss. He says sales were slightly below his estimate, but margin improvement was more than enough to offset the shortfall.