Stock Watch: Analyst Upgrade Lifts Scient

Print Version

E-Mail Article

Reprints

Stock Watch: Analyst Upgrade Lifts Scient

By Nora Macaluso
E-Commerce Times
Part of the ECT News Network
09/11/00 12:00 AM PT

Scient Corp. (Nasdaq: SCNT) rose 6 1/4 to 27 Friday following reports that analysts at William Blair & Co. upgraded the stock to strong buy from buy.

Scient, along with other Internet consultants, had declined after competitors IXL Corp. (Nasdaq: IXLC) and Viant Corp. (Nasdaq: VIAN) earlier in the week warned of losses for the quarter ending this month. The companies said many of their clients were cutting back on e-business spending.

Scient, a San Francisco, California-based e-business consultant, recently announced plans to repurchase up to $25 million worth of stock.

Print Version E-Mail Article Reprints More by Nora Macaluso

Talkback: Be the first to comment on this story.

Next Article in News

Mega-Travel Site Delays Launch
September 08, 2000

See Related Stories About Network Commerce

Network Commerce Gains on Expansion Plans (08/15/00)

Strong Q2 Growth Boosts Network Commerce (06/21/00)

AT&T Agreement Boosts Network Commerce (06/06/00)

See Related Stories About iTurf

iTurf Stock Stays Strong (04/12/99)

iTurf Raises IPO Price Again (04/08/99)

See Related Stories About Scient

Scient Falls as Dot-Com Jitters Spread (06/27/00)

Scient Rockets After Coverage (08/31/99)

See Related Stories About Neoforma

Restructuring News Sends Neoforma Lower (05/30/00)

Neoforma Calls Off Merger; Shares Rise (05/25/00)

Neoforma Gains, Eclipsys Falls as Merger Falters (05/17/00)

Neoforma Sinks on First-Quarter Loss (04/21/00)

Neoforma.com IPO Takes Off (01/25/00)

More by Nora Macaluso

One Year Ago: Should E-tailers Drop Nasdaq Before Nasdaq Drops Them?
January 30, 2002

Once a company is kicked off the Nasdaq, its stock is listed on the over-the-counter 'pink sheets' for thinly traded issues.

Study: Europeans Ignore Potential of TV-Based Commerce
January 18, 2002

Interactive TV also provides retailers with the opportunity to draw attention to themselves using interactive ads, Gartner said.

The Amazon Earnings Speculation Story
January 21, 2002

For Amazon to break out of the box created by the competing objectives of boosting sales and controlling costs, a pro-forma profit in the fourth quarter will be critical, a Goldman Sachs analyst wrote.