Dougherty & Co. Raises Price Target on Vocus (VOCS) Short Term Looks Good, But Domestic Risk Remains
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Price: $17.98 --0%
Rating Summary:
2 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Dougherty & Co is reiterating its Buy rating on shares of Vocus, Inc. (NASDAQ: VOCS) and is raising its price target from $32 to $35 as the company is expected to report another solid booking quarter.
The company has 85-90 percent revenue renewal rate and 80-85 percent customer renewal rate, which the firm forecasts will sustain over the short term. 70-75 percent of the company's annual revenue comes from its existing customers.
The firm notes that the company's over reliance on domestic market, U.S. makes up 90 percent of total revenues, is likely to increase its execution risk should current economic downturn continues to prolong for a longer period of time. VOCS is making an effort to diversify its revenue portfolio.
Dougherty & Co is raising its EPS estimates for Q2 2011 from $0.18 to $0.19, for 2011 from $0.85 to $0.89, and for 2012 from $1.18 to $1.25. The firms current Q2 2011, 2011, and 2012 revenue estimates are $28.1 million, $114.5 million, and $131.5 million.
For more ratings news on Vocus, Inc. click here and for the rating history of Vocus, Inc. click here.
Shares of Vocus, Inc. closed at $31.81 yesterday.
The company has 85-90 percent revenue renewal rate and 80-85 percent customer renewal rate, which the firm forecasts will sustain over the short term. 70-75 percent of the company's annual revenue comes from its existing customers.
The firm notes that the company's over reliance on domestic market, U.S. makes up 90 percent of total revenues, is likely to increase its execution risk should current economic downturn continues to prolong for a longer period of time. VOCS is making an effort to diversify its revenue portfolio.
Dougherty & Co is raising its EPS estimates for Q2 2011 from $0.18 to $0.19, for 2011 from $0.85 to $0.89, and for 2012 from $1.18 to $1.25. The firms current Q2 2011, 2011, and 2012 revenue estimates are $28.1 million, $114.5 million, and $131.5 million.
For more ratings news on Vocus, Inc. click here and for the rating history of Vocus, Inc. click here.
Shares of Vocus, Inc. closed at $31.81 yesterday.
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