Stock Watch: U.S. Interactive Climbs on Upgrade
Shares of U.S. Interactive (Nasdaq: USIT), an Internet professional services firm that offers consulting, marketing and technology services for online businesses, gained 4-1/4 to 49-3/16 Tuesday after the stock was upgraded to strong buy from buy by Deutsche Banc Alex. Brown.
Last week, U.S. Interactive reported fourth-quarter revenue of $11.6 million and a net loss of $853,000. The revenue number was an increase of 179 percent over the $4.2 million reported in the same quarter one year earlier.
Like, Chordiant Software, U.S. Interactive will benefit from the business-to-business market, as well as the rising number of traditional companies taking their business online. Today, content delivery company Akamai Technologies named U.S. Interactive as its "alliance partner of the year." Shares of U.S. Interactive climbed 1-7/16 to 50-5/8 in early trading today.