UBS Keeps Buy on Jive Software (JIVE) after Strong Q4, Trims PT

February 6, 2013 1:54 PM EST Send to a Friend
Get Alerts JIVE Hot Sheet
Price: $5.91 -1.17%

Rating Summary:
    5 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 14 | New: 51
Trade JIVE Now!
Join SI Premium – FREE
UBS trimmed its price target on Buy-rated Jive Software (NASDAQ: JIVE) from $20 to $19 following solid Q4 results although they noted heavy 2013 investments surprised investors.

The analyst notes: "JIVE had a strong finish as Q4 metrics beat UBSe: rev +44% y/y vs. +39%, EPS -$0.14/-$0.16, billings +44%/28%, def rev +50%/44%, FCF -$2.9M/-3.1M. FY13 rev guided to $148-153M, inline with St. $151M but below UBSe $157M, but 30-35% implied growth looks conservative vs. FY12 billings growth +46%. FY13 oper loss guide of -$33-37M is worse than our prior -$13M but reflects accelerated investments in both S&M and R&D as JIVE sees mainstream buying of enterprise social software coming in 2013. CY13E EV/S 6.2x attractive if rev can exceed 35%."

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 $14.57 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

UBS

Add Your Comment