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Enter Symbol:

down 0.23 %

ABOVENET INC (ABVT) downgraded to Sell by Brigantine

Posted on: Tuesday,  Mar 20, 2012  10:25 AM ET by Brigantine

Brigantine rated Sell ABOVENET INC (NYSE: ABVT) on 03/20/2012, when the stock price was $83.80. Since
then, ABOVENET INC has gained 0.24% as of 06/29/2012's recent price of $84.00.
If you would have followed this Brigantine's recommendation on ABVT, you would have lost 0.23% of your investment in 101 days.

AboveNet, Inc. (AboveNet) provides high bandwidth connectivity solutions primarily to corporate enterprise clients and communication carriers in the United States and the United Kingdom. The Company?s communications infrastructure and global Internet protocol (IP) network are used by a range of companies, such as commercial banks, brokerage houses, insurance companies, investment banks, media companies, social networking companies, Web-centric companies, law firms and medical and health care institutions. The Company provides lit broadband services over its metro networks, long haul network and global IP network utilizing equipment that it owns and operates. In addition, it also provides dark fiber services to customers.

Brigantine Advisors is an integrated research team with its first focus on the technology sector. The equity research analysts on our team began their careers in industry with most spending an average of 7 years in their respective sectors. In addition, each analyst has spent over 10 plus years on Wall Street and collectively they have over 100 years of experience. We provide our investment clients timely analysis of market trends by identifying major technology shifts. Within the macro environment, we identify profitable investment opportunities with a focus on both the financial and technical capabilities of the companies we analyze.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/20/2012 10:25 AM Sell
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD up  1.18 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/29/2012 9:25 AM Hold
2/22/2012 9:25 AM Buy
1/5/2012 9:25 AM Buy
64.37 76.00

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