Skip to main content

Market Overview

UPDATE: D.A. Davidson Reiterates On EarthLink Holdings Corp. On Positive Outlook


In a report published Wednesday, D.A. Davidson analyst James G. Moorman reiterated a Buy rating on EarthLink Holdings Corp. (NASDAQ: ELNK), but lowered the price target from $5.00 to $4.50.

In the report, D.A. Davidson noted, “Q3 should see solid revenue and continued cost cutting. We expect continued growth in Managed Network and Cloud in what should be a seasonally solid quarter due to its retail customer base. We forecast a continued decline in the CLEC business, but expect cost cutting as the lower-end business is managed for cash flow. ELNK is focused on growing Managed Networks business. Under the new CEO, the company is focused on growing the Managed Network and Cloud Services business. ELNK is focused on building its retail customer base and has been reasonably successful recently; however, this business has EBITDA margins in the teens and only represents 16.5% of total revenue.”

EarthLink Holdings Corp. closed on Tuesday at $3.45.

Latest Ratings for ELNK

Nov 2016Drexel HamiltonDowngradesBuyHold
Oct 2016Cowen & Co.Initiates Coverage OnOutperform
Jun 2016Mitsubishi UFJDowngradesNeutralUnderweight

View More Analyst Ratings for ELNK
View the Latest Analyst Ratings


Related Articles (ELNK)

View Comments and Join the Discussion!

Posted-In: D.A. Davidson James G. MoormanAnalyst Color Price Target Analyst Ratings

Latest Ratings

UBAB. Riley FBRUpgrades21.0
ANTMTruist SecuritiesUpgrades375.0
TGIB of A SecuritiesUpgrades
OKTACanaccord GenuityUpgrades300.0
EMKRCraig-HallumInitiates Coverage On10.5
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at