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- 26 مايو 2004
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Ulticom climbs 9% on better-than-expected Q1 (ULCM) By Ciara Linnane
NEW YORK (CBS.MW) -- Ulticom (ULCM) shares climbed sharply Thursday after the company reported better-than-expected first-quarter earnings, prompting Wedbush analysts to raise estimates. The company, which makes software for wireline and wireless communications, said it earned 5 cents a share on revenue of $13.2 million, two cents ahead of the Wall Street consensus. Wedbush analyst Scott Sutherland said the revenue figure was ahead of his forecast of $11 million, driven by strong demand for signalling software for prepaid billing. "This was another solid quarter for Ulticom: results beat expectations, margins were strong, and Signalware 9 is gaining traction," said the analyst. Webush rates the stock a "hold" with a price target of $10. Shares were last trading up 8.8 percent at $9.99.
NEW YORK (CBS.MW) -- Ulticom (ULCM) shares climbed sharply Thursday after the company reported better-than-expected first-quarter earnings, prompting Wedbush analysts to raise estimates. The company, which makes software for wireline and wireless communications, said it earned 5 cents a share on revenue of $13.2 million, two cents ahead of the Wall Street consensus. Wedbush analyst Scott Sutherland said the revenue figure was ahead of his forecast of $11 million, driven by strong demand for signalling software for prepaid billing. "This was another solid quarter for Ulticom: results beat expectations, margins were strong, and Signalware 9 is gaining traction," said the analyst. Webush rates the stock a "hold" with a price target of $10. Shares were last trading up 8.8 percent at $9.99.