Dougherty & Company Reiterates Buy, $80 Target on AboveNet

Dougherty & Company remains rated Buy with a $80 target price on AboveNet

ahead of the company's Q4 numbers. Dougherty & Company says, "We are projecting revenue of $122M versus the consensus expectation of $121. We are projecting adjusted EBITDA of $54.9M, which excludes employee stock comp. Firstcall consensus estimates include stock comp. Our estimate including stock comp is $50M, which compares with the consensus expectation of $51M (we could be assuming $1M more of stock comp than consensus)." ABVT closed at $70.98 a share on Friday.