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Enter Symbol:
 
Avocent Corporation (AVCT) [hlAlert]

Rating:
Buy AVCT
up 49.55 %

Avocent Corporation (AVCT) rated Buy with price target $25 by Needham

Posted on: Thursday,  Jan 29, 2009  11:25 AM ET by Needham

Needham rated Buy Avocent Corporation (NASDAQ: AVCT) on 01/29/2009. Previously 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 the previous 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
None
15.10 25.00
as of 12/31/2009
1 Week   
1 Month up  0.04 %
3 Months up  23.28 %
1 YTD up  39.53 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/18/2008 9:25 AM Buy
None
18.97 24.00
1/8/2008 8:25 AM Buy
None
16.71 21.00
12/6/2007 9:25 AM Hold
None
24.58

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