Needham & Company Maintains a 'Buy' on Taleo Corp (TLEO); App Billings Strength 2 Qtrs In A Row Washes Away Some Doubt
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Price: $45.98 --0%
Rating Summary:
2 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Needham & Company maintains a 'Buy' on Taleo Corp (NASDAQ: TLEO), PT increased from $41 to $43.
Needham analyst says, "Overall, we’re encouraged by upbeat management tone around ramping strength in Performance Management, strong out of the gate contribution from Learn.com (likely contributed roughly 6-7 million to application bookings and was included in 3 of the 8 large deals), and strong pipelines...And we’d recommend investors invest ahead of stabilizing unemployment, accelerating app revenue growth in 2011, and some clearer evidence that strategic, multi-product deals are getting done. We’re fans of the increased commitment to accelerating growth (vs. expanding margins) on the heels of several product cycles and a mild economic recovery, which could spur accelerated growth more notably in 2011."
For more ratings news on Taleo Corp click here and for the rating history of Taleo Corp click here.
Shares of Taleo Corp closed at $35.02 yesterday.
Needham analyst says, "Overall, we’re encouraged by upbeat management tone around ramping strength in Performance Management, strong out of the gate contribution from Learn.com (likely contributed roughly 6-7 million to application bookings and was included in 3 of the 8 large deals), and strong pipelines...And we’d recommend investors invest ahead of stabilizing unemployment, accelerating app revenue growth in 2011, and some clearer evidence that strategic, multi-product deals are getting done. We’re fans of the increased commitment to accelerating growth (vs. expanding margins) on the heels of several product cycles and a mild economic recovery, which could spur accelerated growth more notably in 2011."
For more ratings news on Taleo Corp click here and for the rating history of Taleo Corp click here.
Shares of Taleo Corp closed at $35.02 yesterday.
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