Our Full-Service B2B Marketing Program Delivers Sales-Ready Leads Click to Learn More!
Welcome Guest | Sign In

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
How do you feel about accidents that occur when self-driving vehicles are being tested?
Self-driving vehicles should be banned -- one death is one too many.
Autonomous vehicles could save thousands of lives -- the tests should continue.
Companies with bad safety records should have to stop testing.
Accidents happen -- we should investigate and learn from them.
The tests are pointless -- most people will never trust software and sensors.
Most injuries and fatalities in self-driving auto tests are due to human error.