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Semiconductor industry

Robertson Stephens Analysts Boost Earnings Estimates for Top Growth Stocks

Strategic Insights

— 1 min read

Robertson Stephens analysts have reported strong third-quarter financial results for several high-growth stocks, leading to upgraded earnings estimates for the companies. The analysts cited Brocade Communications' strong sales of Fibre Channel-based storage equipment and Cacheflow's leadership in the caching appliance market as key factors contributing to the improved financial performance.

Key Takeaways:

  • Brocade Communications' revenue and earnings estimates were significantly raised, with a new EPS estimate of $1.07 for 2001, up from $0.70 previously.
  • Cacheflow's strong quarter led to a revision of estimates, with a new EPS estimate of $0.70 for 2002, up from $0.66 previously.
  • ICOS Corporation's management focused on its late-stage products in development, including Cialis, which is expected to drive value for the company.
  • Restoration Hardware reported second-quarter results in line with forecasts and below consensus estimates, with management citing improved in-stock levels and cohesive merchandising.
  • Broadcom Corp.'s planned acquisition of NewPort Communications is expected to boost momentum in the optical networking market.

Statistics:

  • Brocade Communications' EPS estimate for 2001 is $1.07 (previously $0.70).
  • Cacheflow's EPS estimate for 2002 is $0.70 (previously $0.66).
  • ICOS Corporation has six compounds under development.
  • Restoration Hardware's in-stock levels are solid and improved from last year.
  • Broadcom Corp.'s acquisition of NewPort Communications is expected to have a dilutive impact in the short term.

Sources:

  • Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271.
  • PRNewswire.
  • Robertson Stephens full research reports.

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