Needham & Company Maintains a 'Hold' on NetSuite (N); More Than Impressive 2012 Rev Guidance Speaks For Itself
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Price: $90.34 --0%
Rating Summary:
7 Buy, 24 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 24 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Hold' on NetSuite (NYSE: N).
Needham analyst says, "The Q3 call was highlighted by accelerated bookings growth (33% y/y growth vs. 30% y/y growth in Q2 vs. 30% in Q1 vs. 25% in
Q4), record OneWorld activity, and a more than impressive 2012 guide notably ahead of street consensus ($290-300 million vs. street of $278)."
"We’re revising up our 2012 rev target to $291.1 million from $273.2 million but lowering our EPS target to $0.21 from $0.27 to reflect more aggressive investment in growth...N is a clear secular growth story, and we’re fans of N’s longer term opportunity, competitive positioning, push upmarket, and accelerating trends, but would be much more constructive on any notable pullback."
For more ratings news on NetSuite click here and for the rating history of NetSuite click here.
Shares of NetSuite closed at $39.50 yesterday.
Needham analyst says, "The Q3 call was highlighted by accelerated bookings growth (33% y/y growth vs. 30% y/y growth in Q2 vs. 30% in Q1 vs. 25% in
Q4), record OneWorld activity, and a more than impressive 2012 guide notably ahead of street consensus ($290-300 million vs. street of $278)."
"We’re revising up our 2012 rev target to $291.1 million from $273.2 million but lowering our EPS target to $0.21 from $0.27 to reflect more aggressive investment in growth...N is a clear secular growth story, and we’re fans of N’s longer term opportunity, competitive positioning, push upmarket, and accelerating trends, but would be much more constructive on any notable pullback."
For more ratings news on NetSuite click here and for the rating history of NetSuite click here.
Shares of NetSuite closed at $39.50 yesterday.
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