UBS Keeps Buy on Jive Software (JIVE) after Strong Q4, Trims PT
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Price: $15.58 +3.59%
Rating Summary:
7 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
7 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade JIVE Now!
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, with a 52 week range of $10.63-$28.15.
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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, with a 52 week range of $10.63-$28.15.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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