EPS & Earnings ... Hits & Misses

[madrose1]

* WEBX $22~$25$~$28.50 ...beats by $0.02, issues in line Q1 guidance, reaffirms FY06 guidance (WEBX) 24.94 +0.60: Reports Q4 (Dec) earnings of $0.30 per share, excluding non-recurring items, $0.02 better than the Reuters Estimates consensus of $0.28; revenues rose 23.6% year/year to $83.7 mln vs the $82.4 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.29-0.31 vs. $0.30 consensus; sees Q1 revs of $85-87 vs. $86.54 mln consensus. Co issues reaffirms FY06 guidance, sees EPS of $1.30-1.40 vs. $1.33 consensus; sees FY06 revs of $370-385 vs. $376.01 mln consensus.

CIBC upgrades WebEx Communications (WEBX $26.93) to Sector Outperformer from Sector Performer and $35 tgt, based on their dominant market position, strong growth profile and solid balance sheet