Xylan gets good mark
"="" rel="nofollow" class="c-regularLink" target="_blank">(XYLN) has been picked up by Robertson,
Stephens & Company
analyst Paul Johnson with a "long-term attractive" rating.
The company's stock was trading up almost 5 percent from yesterday's close
"There is a lot of opportunity for upside surprise in revenues and earnings
as the market for advanced switching systems experiences rapid unit growth
over the next few years," said Johnson in a statement.
He said that Xylan is riding the demand wave for network switching with one
of the most advanced product portfolios in the industry. The company will
introduce six products over the next several months which will redefine its
product offering and competitive market position, he said.
Johnson's earning per share estimates for fiscal year 1997 and 1998, are 68
cents and $1.12, respectively.
Veeco's estimate raised
Microelectronic component maker Veeco
Instruments (VECO) received an earning per share estimate increase from Stamford,
Connecticut-based SoundView Financial.
The company's stock dipped more than 3.5 percent, down from yesterday's
close of 28-1/2.
The firm raised its 1997 expectation to $1.50 a share, from $1.48 a share,
and 1998 estimates to $1.85 a share, from $1.75 a share.
The firm established a 12-month price target of $37 a share.
CFM gets a "buy"
Wet processing equipment maker CFM
Technologies (CFMT) was picked up by UBS Securities
with a "buy" rating and a 6-12 month price target of $45 a share.
The company's stock perked up 2-1/4 points, from yesterday's close of 36-3/4.