Is Lucent finally on the comeback trail?
Few are worried about bankruptcy anymore. And the stock has surged more than 200 percent since its mid-October lows. (Granted, that’s from 58 cents a share to the $1.79 reached at Tuesday’s close of trading.) Still, Lucent (LU: up $0.01 to $1.78, Research, Estimates) is far from a screaming buy. Despite this quarter’s rosy outlook, analysts expect Lucent to post a nearly 25 percent decline in revenue for this fiscal year (which ends in September). Analysts also don’t buy Russo’s profitability claim. They are predicting continued losses for Lucent until the quarter that ends in September … 2004.
