Wedbush Reiterates an Outperform Rating on CyberSource (CYBS); Adds Stock to 'Best Ideas List'
More News related to CYBS
- U.K.'s National Express Chooses CyberSource's Fraud Management Solutions
- Wedbush Reiterates an 'Outperform' on CyberSource (CYBS); A Lot of Holiday e-Commerce Data, One Positive Outcome
- CyberSource CEO, SVP Worldwide Sales, and CFO to Speak at the Credit Suisse Annual Technology Conference
- Merchants Hit Back at eCommerce Fraud
- Wedbush Reiterates an Outperform Rating on CyberSource (CYBS); Adds Stock to 'Best Ideas List'
More News related to Analyst Comments
- Hydrogenics Resumes Trading Under NASDAQ Symbol "HYGS"
- Varian Medical (VAR) to Highlight its New Range of Detectors at Annual RSNA Meeting in Chicago
- Manulife (MFC) Confirms No Exposure to Dubai World
- Activision's (ATVI) Call of Duty Amasses $3 Billion in Global Sales
- Seiko Epson to Transfer Sales Function of Small and Medium-Sized TFT LCD Business to Sony (SNE)
Wedbush reiterates an Outperform rating on CyberSource (Nasdaq: CYBS) and adds stock to the Best Ideas List. Price target $21.
Wedbush analyst says, "We believe CyberSource has proven it can maintain double-digit organic revenue growth even in a tough economic environment, and we see upside to Q4 and beyond as growth begins to accelerate. We have more confidence in CyberSource exceeding its Q4 guidance than for any other company we cover...We believe that CEO McKiernan’s greatest legacy to CyberSource shareholders is the construction of a strong, diversified, and sustainable business model he is leaving to CEO-elect Walsh. Given Mr. McKiernan’s continued presence, Mr. Walsh’s experience and the natural path to Mr. Cruickshank’s departure, we believe any concerns around the transition are entirely unnecessary...Although quarter-to-quarter adds have varied in the past, we believe the rapid growth in merchant additions continues to point to CyberSource’s market leadership. YTD customer gross additions grew 33% and net adds grew 82% (eighty two). Furthermore, we believe the growth in e-commerce is the true driver of CyberSource’s gateway business, not merchant addition growth."
To see more analyst ratings on CYBS Click Here.
CyberSource Corporation provides electronic payment and risk management solutions to enterprise and small business merchants primarily in the United States and Europe
Related Categories
Analyst CommentsStocks Mentioned
-0.52Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
