Monday, November 27, 2006

March Networks 'Buy'

November 22, 2006 8:44:02 AM ETCanaccord AdamsNEW YORK, November 22 ( -

Analysts at Canaccord Adams reiterate their "buy" rating on March Networks Corporation (ticker: M8N). The target price is set to C$29.In a research note published this morning, the analysts mention that the company is expected to report its revenues marginally ahead of and profits in-line with the consensus. The TTC contract announcement indicates March Networks’ increased traction, the analysts say. There are rumours of IBM taking over an independent player, most probably Verint Systems, suggesting that March Networks could become a takeover target going ahead, Canaccord Adams adds.