Android app on Google Play

UPDATE: Nomura Securities Upgrades Informatica (INFA) to Buy Following Sell-Off

October 5, 2012 7:23 AM EDT Send to a Friend
Get Alerts INFA Hot Sheet
Price: $31.54 -0.57%

Rating Summary:
    12 Buy, 12 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 39 | Down: 30 | New: 13
Trade INFA Now!
Join SI Premium – FREE
(Updated - October 5, 2012 8:26 AM EDT)

Nomura Securities upgraded Informatica (NASDAQ: INFA) from Neutral to Buy but cut its price target from $38 to $33, following yesterday's Q3 warning and subsequent 23 percent sell-off. The new price target suggests 27% upside from current levels.

"This will likely take several quarters to get through, although we like the current risk / reward in the stock," analyst Rick Sherlund said. "New sales management is in transition and the recovery in license revenues will likely take several quarters."

The firm's revenue / EPS estimates for 2012 and 2013 are now $798 / $1.28 and $865 / $1.40 versus estimates prior to the pre-announcement of $827 / $1.45 and $930 / $1.63, respectively.

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 $26.04 yesterday.




You May Also Be Interested In


Related Categories

Analyst EPS Change, Analyst PT Change, Hot Upgrades, Upgrades

Related Entities

Nomura

Add Your Comment