Canaccord Genuity Maintains a 'Hold' on NetSuite (N); Solid Quarter, But Valuation High
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Price: $87.35 -2.61%
Rating Summary:
8 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
8 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade N Now!
Canaccord Genuity maintains a 'Hold' on NetSuite (NYSE: N) price target of $46.00 (from $42.00).
Analyst, Richard Davis, said, "NetSuite has a big opportunity in displacing legacy, mid-market general ledger and broader ERP systems. We simply have an old fashioned notion that 9x C2013 revenues and 50x free cash flow seems like a high valuation for a mid-20% revenue grower...We now expect NetSuite to report C2012 revenues of $305M and FCF/share of $0.63."
For an analyst ratings summary and ratings history on NetSuite click here. For more ratings news on NetSuite click here.
Shares of NetSuite closed at $49.42 yesterday, with a 52 week range of $25.32-$56.06.
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Analyst, Richard Davis, said, "NetSuite has a big opportunity in displacing legacy, mid-market general ledger and broader ERP systems. We simply have an old fashioned notion that 9x C2013 revenues and 50x free cash flow seems like a high valuation for a mid-20% revenue grower...We now expect NetSuite to report C2012 revenues of $305M and FCF/share of $0.63."
For an analyst ratings summary and ratings history on NetSuite click here. For more ratings news on NetSuite click here.
Shares of NetSuite closed at $49.42 yesterday, with a 52 week range of $25.32-$56.06.
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