Benchmark Starts JDA Software (JDAS) at Buy; Connecting the Upstream Supply Chain with the Retail Shelf
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Price: $45.18 --0%
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
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Benchmark initiates coverage on JDA Software (NASDAQ: JDAS) with a Buy. PT $40.
Benchmark analyst said, "Despite predictions of modest industry growth (8%-9%), JDAS consistently outperforms the broader SCM market, taking share from competitors, mainly from the multitude of homegrown systems and smaller private vendors that focus on niche areas but still make up nearly 50% of the overall market...We believe JDAS’s growth opportunities may be much larger than industry analysts suggest. In particular, we believe many first generation homegrown SCM systems are nearing their end-of-life, industry leaders SAP and Oracle appear less focused on the space than in the past and industry consolidation over the years has resulted in a much more rational buying market." (Sees 2011 EPS of $2.18 and revenues of $687 million and for FY12, $2.61 and $755 million, respectively)
For more ratings news on JDA Software click here and for the rating history of JDA Software click here.
Shares of JDA Software closed at $32.54 yesterday.
Benchmark analyst said, "Despite predictions of modest industry growth (8%-9%), JDAS consistently outperforms the broader SCM market, taking share from competitors, mainly from the multitude of homegrown systems and smaller private vendors that focus on niche areas but still make up nearly 50% of the overall market...We believe JDAS’s growth opportunities may be much larger than industry analysts suggest. In particular, we believe many first generation homegrown SCM systems are nearing their end-of-life, industry leaders SAP and Oracle appear less focused on the space than in the past and industry consolidation over the years has resulted in a much more rational buying market." (Sees 2011 EPS of $2.18 and revenues of $687 million and for FY12, $2.61 and $755 million, respectively)
For more ratings news on JDA Software click here and for the rating history of JDA Software click here.
Shares of JDA Software closed at $32.54 yesterday.
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