Canaccord Adams Initiates Coverage on Double-Take Software (DBTK) with a Hold
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Canaccord Adams initiates coverage on Double-Take Software (Nasdaq: DBTK) with a Hold. Price target $9.
Canaccord analyst says, "While the company is a key solutions provider in what has been among the most compulsory of IT segments, we prefer to await more tangible evidence of business stabilization prior to considering a more aggressive stance...What concerns us? Primarily, it was the magnitude of the March quarter license miss, which was more dramatic than anything we saw elsewhere. Carrying among the lower ASPs in our coverage group, this is all the more troublesome. Simply, we don’t fully understand the problem and can’t dismiss it entirely as macro-driven."
To see more analyst ratings on DBTK Click Here.
Double-Take Software, Inc. develops, sells and supports software that allows information technology (IT) organizations of all sizes to move, protect and recover workloads across any distance and any combination of physical and virtual server environments.
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