SPOTLIGHT: Redback Revs Up

Redback Networks announced net revenue of $57.9 million for the first quarter of 2006, an increase of 21 percent from the fourth quarter of 2005 and 69 percent over the first quarter of 2005. RBC Capital Markets analyst Mark Sue raised the price target on the company to $20 from $16. However some investors did a 180, erasing the gains, and eventually sent the company's shares down 0.3 percent. Release | Article | Article