Kaufman is positive on Covad Comm (COVD) following agreement with SBC and AT&T to extend its relationship with these partners after the completion of their pending merger. According to the firm, this agreement alleviates concern as to the impact of the merger and has positioned Covad to not only sustain current business from these partners but to grow this business relationship. Thinks the out-of-region opportunity is particularly interesting as they expect SBC/AT&T to pursue a role as a national provider. Firm continues to view recent pressure on the stock as overdone. Reiterates Buy and $5 tgt.
FEATURED POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • Mar 27, 2024 10:52 AM
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM