Nomura Securities Starts NetSuite (N) at Neutral

August 7, 2012 8:56 AM EDT
Get Alerts N Hot Sheet
Price: $90.34 --0%

Rating Summary:
    10 Buy, 26 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 24 | New: 14
Trade N Now!
Join SI Premium – FREE
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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

New Coverage

Related Entities


Add Your Comment