FBR Capital Reiterates an 'Outperform' on SuccessFactors (SFSF); 2Q11 Looks Healthy; Plateau to Accelerate Billings
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Price: $39.99 --0%
Rating Summary:
6 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
6 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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FBR Capital reiterates an 'Outperform' on SuccessFactors (NASDAQ: SFSF), PT $45.
FBR analyst says, "We have had recent conversations with HCM/LMS consultants and customers to better understand the opportunity of the Plateau acquisition. We believe interest in general for LMS is on the rise and demand within SuccessFactors' installed base is building. We see these as new and incremental drivers for the balance of 2011 and into 2012, beyond the natural strategic benefits of increasing SuccessFactors' addressable market, making the company more competitive in its core markets, and allowing better access in a number of verticals, most notably the federal sector. As for 2Q11, our checks show that trends are healthy and while the quarter is not done, we believe the odds of posting upside in the quarter are strong. We see SFSF as a pioneer in the business execution space that has a significantly untapped market to target."
For more ratings news on SuccessFactors click here and for the rating history of SuccessFactors click here.
Shares of SuccessFactors closed at $30.18 yesterday.
FBR analyst says, "We have had recent conversations with HCM/LMS consultants and customers to better understand the opportunity of the Plateau acquisition. We believe interest in general for LMS is on the rise and demand within SuccessFactors' installed base is building. We see these as new and incremental drivers for the balance of 2011 and into 2012, beyond the natural strategic benefits of increasing SuccessFactors' addressable market, making the company more competitive in its core markets, and allowing better access in a number of verticals, most notably the federal sector. As for 2Q11, our checks show that trends are healthy and while the quarter is not done, we believe the odds of posting upside in the quarter are strong. We see SFSF as a pioneer in the business execution space that has a significantly untapped market to target."
For more ratings news on SuccessFactors click here and for the rating history of SuccessFactors click here.
Shares of SuccessFactors closed at $30.18 yesterday.
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