Needham & Company Maintains a 'Hold' on NetSuite (N); Incrementally More Positive After Channel Checks
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Price: $90.34 --0%
Rating Summary:
7 Buy, 24 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
7 Buy, 24 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Needham & Company maintains a 'Hold' on NetSuite (NYSE: N).
Analyst, Michael Huang, said, "We had the opportunity to catch up with several Netsuite partners, including a couple former Microsoft ones, and a competitor to get a perspective on underlying trends. The takeaways were unwaveringly positive, highlighted by increasing deal sizes, improving close rates, shortening sales cycles, strengthening pipelines and improved customer/partner satisfaction. We’re incrementally more positive on N shares."
"Whiles shares are not inexpensive at 9.6x EV/12Revs and while risk/reward arguably could be more favorable at other SaaS names, we believe the near term trade is to buy this one ahead of quarter report on Feb 2. Although partners historically have drained their pipelines in Q4, we’re encouraged to uncover that this year partners noted impressive activity early in Q1."
For an analyst ratings summary and ratings history on NetSuite click here. For more ratings news on NetSuite click here.
Shares of NetSuite closed at $41.59 yesterday.
Analyst, Michael Huang, said, "We had the opportunity to catch up with several Netsuite partners, including a couple former Microsoft ones, and a competitor to get a perspective on underlying trends. The takeaways were unwaveringly positive, highlighted by increasing deal sizes, improving close rates, shortening sales cycles, strengthening pipelines and improved customer/partner satisfaction. We’re incrementally more positive on N shares."
"Whiles shares are not inexpensive at 9.6x EV/12Revs and while risk/reward arguably could be more favorable at other SaaS names, we believe the near term trade is to buy this one ahead of quarter report on Feb 2. Although partners historically have drained their pipelines in Q4, we’re encouraged to uncover that this year partners noted impressive activity early in Q1."
For an analyst ratings summary and ratings history on NetSuite click here. For more ratings news on NetSuite click here.
Shares of NetSuite closed at $41.59 yesterday.
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