Deutsche Bank Downgrades Informatica (INFA) to Hold; Concerns Are Lining Up
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Price: $36.25 +1.54%
Rating Summary:
11 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
11 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
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Deutsche Bank downgraded Informatica (NASDAQ: INFA) from Buy to Hold with a price target of $35.00 (from $53.00).
Deutsche analyst said, "Downgrading based on key concerns: 1) Execution likely lags with a new unit head since in Europe (since last April), in financial services 9since last Nov), and slower ASP growth (inconsistent ASP growth since the last 3 quarters, after posting consistent double digit growth till 2Q11) 2) Potential share losses to large competition in the form of IBM (NYSE: IBM) (which integrated all recent acquisitions under single platform), and open-source at the low-end (largest competition has been growing 100% y/y for last couple of years) 3) Limited tailwinds from adoption of Big Data/Hadoop in enterprises."
Deutsche analyst lowers FY12 revenue/EPS by $50M/$0.19 and FY13 by $82M/$0.18.
For an analyst ratings summary and ratings history on Informatica click here. For more ratings news on Informatica click here.
Shares of Informatica closed at $43.37 yesterday, with a 52 week range of $34.15-$62.42.
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Deutsche analyst said, "Downgrading based on key concerns: 1) Execution likely lags with a new unit head since in Europe (since last April), in financial services 9since last Nov), and slower ASP growth (inconsistent ASP growth since the last 3 quarters, after posting consistent double digit growth till 2Q11) 2) Potential share losses to large competition in the form of IBM (NYSE: IBM) (which integrated all recent acquisitions under single platform), and open-source at the low-end (largest competition has been growing 100% y/y for last couple of years) 3) Limited tailwinds from adoption of Big Data/Hadoop in enterprises."
Deutsche analyst lowers FY12 revenue/EPS by $50M/$0.19 and FY13 by $82M/$0.18.
For an analyst ratings summary and ratings history on Informatica click here. For more ratings news on Informatica click here.
Shares of Informatica closed at $43.37 yesterday, with a 52 week range of $34.15-$62.42.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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