Needham & Company Upgrades Jive Software (JIVE) to Buy
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Price: $16.06 +1.01%
Rating Summary:
7 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 26 | New: 12
Rating Summary:
7 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 26 | New: 12
Trade JIVE Now!
Needham & Company upgraded Jive Software (NASDAQ: JIVE) from Hold to Buy with a price target of $20.00.
“We expect to see continued Enterprise Social and SaaS consolidations over the next couple years, which could benefit Jive valuations given its Enterprise Social leadership,” said analyst Michael Huang.
“While we could somewhat understand why some may have opted for the sidelines post an inline Q2 (with inline F12 guide) and suggestion of elongating sales cycles, we see no significant or permanent degradation of the business, and in fact see signs of the opposite. Enterprise Social is rising in strategic importance, and we believe Jive is disproportionately leveraged to this compelling secular trend,” he added.
For an analyst ratings summary and ratings history on Jive Software click here. For more ratings news on Jive Software click here.
Shares of Jive Software closed at $15.25 yesterday, with a 52 week range of $14.18-$28.15.
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“We expect to see continued Enterprise Social and SaaS consolidations over the next couple years, which could benefit Jive valuations given its Enterprise Social leadership,” said analyst Michael Huang.
“While we could somewhat understand why some may have opted for the sidelines post an inline Q2 (with inline F12 guide) and suggestion of elongating sales cycles, we see no significant or permanent degradation of the business, and in fact see signs of the opposite. Enterprise Social is rising in strategic importance, and we believe Jive is disproportionately leveraged to this compelling secular trend,” he added.
For an analyst ratings summary and ratings history on Jive Software click here. For more ratings news on Jive Software click here.
Shares of Jive Software closed at $15.25 yesterday, with a 52 week range of $14.18-$28.15.
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