Welcome Guest | Sign In
ECommerceTimes.com

Stock Watch: Modem Media Flies High on Analyst Recommendation

By Nora Macaluso
May 12, 2000 12:00 AM PT

Modem Media (Nasdaq: MMPT) gained 1 7/8 to 14 1/2 Thursday after First Union Securities began coverage of the stock with a buy rating and a 12-month price target of $30.

Stock Watch: Modem Media Flies High on Analyst Recommendation

The firm is looking for the Internet advertiser to post a loss of 8 cents a share for the current fiscal year, followed by net income of 32 cents a share in 2001.

Modem Media saw first-quarter revenue rise 130 percent, powered by strong spending by new and existing customers.


Facebook Twitter LinkedIn Google+ RSS
What's your reaction to the Turkish Crime Family's claim that it can access hundreds of millions of iCloud accounts?
I'm very worried -- I take all cyberthreats seriously.
I'm feeling secure -- I changed my password and set up 2FA.
I'm angry -- companies need to be more responsible.
I'm not at all concerned -- I trust Apple.
I'm resigned -- I expect to be breached at some point.
I don't care much -- the world has bigger problems.