Cable Design Technologies Sees Meeting First-Quarter Estimates
Cable Design Technologies(CDT) said it is comfortable with analysts' estimates for the first quarter and expects sales to grow 15% for the quarter.
The Pittsburgh-based company, which provides gigabit network connectivity products, said it is on track to meet expectations of 34 cents a share, in line with the First Call/Thomson Financial consensus estimate. The company also expects to see sales grow by 15% over last year's first quarter, which it attributed partly to continued spending in gigabit, network and fiber-optic telecommunication applications. Furthermore, the company expects its fiber-optic product sales to be up more than 50% over last year's first quarter.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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