Nomura Securities Starts NetSuite (N) at Neutral

Article Stock Quotes (1) Comments (0)

Nomura Securities initiates coverage on NetSuite (NYSE: N) with a Neutral. PT $60.00.

Analyst Frederick Grieb cited: (1) the macro environment remains an ongoing concern for enterprise software vendors, (2) competition from software stalwarts Oracle and SAP as well as smaller vendors Salesforce and Workday is increasing, and (3) we think the stock is currently priced appropriately at 10x our 2013 EV/Sales estimates.

For an analyst ratings summary and ratings history on NetSuite click here. For more ratings news on NetSuite click here.

Shares of NetSuite closed at $57.90 yesterday, with a 52 week range of $25.32-$58.56.

---

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

---

---

You May Also Be Interested In

• NetSuite To Showcase Commerce Product Innovation And Customer Success At IRCE 2013
• Roth Capital Resumes Kid Brands (KID) at Neutral
• Topeka Capital Starts Diodes (DIOD) at Buy

Create E-mail Alert Related Categories

New Coverage

Related Entities

Nomura

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?