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Enter Symbol:
 
Avocent Corporation (AVCT) [hlAlert]

Rating:
Buy AVCT
up 16.01 %

Avocent Corporation (AVCT) rated Buy with price target $29 by Canaccord Adams

Posted on: Friday,  Jul 18, 2008  11:25 AM ET by Canaccord Adams

Canaccord Adams rated Buy Avocent Corporation (NASDAQ: AVCT) on 07/18/2008, when the stock price was $21.54. Since
then, Avocent Corporation has gained 16.02% as of 12/11/2009's recent price of $24.99.
If you would have followed this Canaccord Adams's recommendation on AVCT, you would have gained 16.01% of your investment in 511 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).

Canaccord Adams provides focused, actionable, idea-driven research, helping clients make informed investment decisions. Our 55 international analysts scour the globe for emerging and small to mid cap (US$1-2 billion market capitalization) growth opportunities, identifying value and exposing risk. Our research team analyzes over 550 companies in eight sectors, clarifying current events and anticipating market trends in high-quality daily, weekly and monthly research products. Our clients benefit from our thorough and sophisticated knowledge of the sectors we cover - Metals and Mining, Energy, Technology, Life Sciences, Real Estate, Consumer, Sustainability and Industrial Growth. We combine independent, actionable ideas, unique global perspective and unparalleled industry expertise. We believe it's evident in our research, and the foundation of our business.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/18/2008 11:25 AM Buy
None
21.54 29.00
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 %

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