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Enter Symbol:
Avocent Corporation (AVCT) [hlAlert]

up 49.55 %

Avocent Corporation (AVCT) upgraded to Buy with price target $21 by Needham & Co

Posted on: Tuesday,  Jan 8, 2008  8:25 AM ET by Needham

Needham rated Buy Avocent Corporation (NASDAQ: AVCT) on 01/08/2008, when the stock price was $16.71. Since
then, Avocent Corporation has gained 49.55% as of 12/11/2009's recent price of $24.99.
If you would have followed this Needham's recommendation on AVCT, you would have gained 49.55% of your investment in 703 days.

Avocent Corporation (Avocent) designs, manufactures, licenses, and sells software and hardware products and technologies that provide connectivity and centralized management of information technology (IT) infrastructure. The Company provides connectivity and systems management, endpoint security, and service management products and technologies, desktop computers, serial devices, wireless devices, mobile devices, network appliances, and process management for IT personnel. Avocent markets its products to a group of original equipment manufacturers (OEMs), dealers, distributors, resellers, and end users, through its sales and customer support staff, advertisements in trade publications, online sponsorships, and participation in industry trade shows. In June 30, 2008, Avocent completed the acquisition of Touchpaper Group Limited, (Touchpaper). In July 10, 2008, the Company acquired Ergo 2000 Inc. (Ergo).

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/29/2009 11:25 AM Buy
15.10 25.00
as of 12/24/2008
1 Week up  4.14 %
1 Month up  13.82 %
3 Months down  -7.12 %
1 YTD down  -21.38 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/18/2008 9:25 AM Buy
18.97 24.00
1/8/2008 8:25 AM Buy
16.71 21.00
12/6/2007 9:25 AM Hold

(*) Stock Price at the time of the recommendation.
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