FBR Capital Maintains a 'Market Perform' on Kenexa (KNXA); Delivers Solid 1Q, 2011 Guidance
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Price: $45.96 --0%
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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FBR Capital maintains a 'Market Perform' on Kenexa (NASDAQ: KNXA), PT $26.
FBR analyst says, "While Kenexa offers a differentiated solution to its customers by providing consulting and recruiting outsourcing services in addition to its broad talent management suite, we believe Kenexa's higherthan-normal exposure to employment leaves it at a competitive disadvantage to its peers. We continue to believe the risk/reward is neutral at current levels."
"We are raising our 2011 revenue estimate from $255.2 million to $268.5 million and our pro forma EPS estimate from $0.78 to $0.80. We are increasing our 2012 revenue and pro forma EPS estimates from $276.7 million and $0.95 to $291.2 million and $1.00."
For more ratings news on Kenexa click here and for the rating history of Kenexa click here.
Shares of Kenexa closed at $28.48 yesterday.
FBR analyst says, "While Kenexa offers a differentiated solution to its customers by providing consulting and recruiting outsourcing services in addition to its broad talent management suite, we believe Kenexa's higherthan-normal exposure to employment leaves it at a competitive disadvantage to its peers. We continue to believe the risk/reward is neutral at current levels."
"We are raising our 2011 revenue estimate from $255.2 million to $268.5 million and our pro forma EPS estimate from $0.78 to $0.80. We are increasing our 2012 revenue and pro forma EPS estimates from $276.7 million and $0.95 to $291.2 million and $1.00."
For more ratings news on Kenexa click here and for the rating history of Kenexa click here.
Shares of Kenexa closed at $28.48 yesterday.
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