Barclays on U.S. Software: Adjusting Estimates, Uncertainties Holding

June 11, 2012 5:49 PM EDT Send to a Friend
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Price: $50.79 +1.80%

Rating Summary:
    17 Buy, 5 Hold, 0 Sell

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Today's Overall Ratings:
    Up: 39 | Down: 10 | New: 33
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Barclays on U.S. Software: Adjusting Estimates, Uncertainties Holding

Analyst, Raimo Lenschow, citing several headwinds, including marcoeconomic data, Europe, currency, etc., lowers estimates.

Equalweight rated Autodesk (Nasdaq: ADSK): PT $41, FY12 EPS estimate cut from $2.03 to $2.00 and FY13 from $2.37 to $2.36.

Overweight rated Citrix Systems (Nasdaq: CTXS): PT $91, FY12 EPS estimate lowered from $2.03 to $2.00 and FY13 from $2.37 to $2.36.

Overweight rated Informatica Corp. (Nasdaq: INFA): PT $60, FY12 EPS estimate lowered from $1.64 to $1.62 and FY13 from $2.05 and $2.04.

Overweight rated Intuit Inc. (Nasdaq: INTU): PT $65, FY13 lowered from $3.45 to $3.42.

Equalweight rated Microsoft (Nasdaq: MSFT): PT maintained at $36, FY12 EPS estimate cut from $2.71 to $2.68 and FY13 from $3.25 to $3.21.

Overweight rated Parametric Technology (Nasdaq: PMTC): PT $27; FY12 EPS estimate lowered from $1.47 to $1.45 and FY13 from $1.85 to $1.82.

Overweight rated Qlik Tech (Nasdaq: QLIK): PT $36, FY12 EPS estimate lowered from $0.44 to $0.42 and FY13 from $0.59 to $0.58.

Overweight rated Salesforce.com (NYSE: CRM): PT $169, FY12 EPS estimate cut from $1.63 to $1.52 and FY13 from $2.20 to $2.09.

Equalweight rated Symantec Corp. (Nasdaq: SYMC): PT $18, FY12 EPS estimates cut from $1.62 to $1.58 and FY13 from $1.89 to $1.87.

Overweight rated Teradata Corp. (NYSE: TDC): PT $85, FY12 EPS estimate lowered from $2.74 to $2.70 and FY13 from $3.29 to $3.25.

Overweight rating VMware Inc. (NYSE: VMW): PT $125, FY12 EPS estimate lowered from $2.73 to $2.70 and FY13 from $3.29 to $3.19.

Equalweight rating TIBCO Software (Nasdaq: TIBX: PT $35, FY12 EPS estimate from $1.20 to $1.18 and FY13 from $1.39 to $1.38.


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