UBS Raises Numbers on Jive Software (JIVE); Started First Quarter As Public Company With Strong Beat

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JIVE Hot Sheet

Rating Summary:
3 Buy, 5 Hold, 0 Sell

Rating Trend: Down

Down

Today's Overall Ratings:
Up: 19 | Down: 7 | New: 26

UBS maintains a 'Neutral' on Jive Software (NASDAQ: JIVE) price target raised $1 to $17.

UBS analyst said, "Revs grew 53% y/y in Q4 (UBSe 43%), 67% in CY11, and guided 40-45% for CY12, while billings rose 40% in Q4 (UBSe 16%) and 46% in CY11. JIVE is leading the charge for the new category of business social solutions as it signed up new blue chip cos (PwC UK, Thomson Reuters (NYSE: TRI)) and expanded existing ones (GE (NYSE: GE), SAP (NYSE: SAP), Carrefour)...Raising our 2012 e.sts: rev to/from $110.0M/104.2M, billings $141.8M/$136.7M."

"Our Neutral rating reflects superior growth and fundamentals offset by premium valuation – 10.4x NTM EV/S is highest in SaaS comp group and entire software coverage universe."

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 $16.94 yesterday, with a 52 week range of $14.18-$17.75.

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