UBS Maintains a 'Neutral' on Jive Software (JIVE); Carving Out Opportunity, But At Premium Valuation
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Price: $97.66 +0.11%
Rating Summary:
3 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on Jive Software (NASDAQ: JIVE) price target lowered from $28 to $22.
Analyst, Brent Thill, said, "JIVE delivered another >50% growth quarter, solidly beating across demand metrics while exhibiting opex discipline. Our model’s decelerating rev & billings forecast could prove conservative if enterprise adoption of social business tools maintain their momentum and the new Try Jive program amplifies the pipeline. We believe JIVE leads the enterprise social software space by a wide margin as measured by actual paying customers and is well positioned to extend that lead. We maintain our Neutral rating due to its valuation premium vs. SaaS comp group."
UBS raises FY12 loss from (0.43) to (0.40) and FY13 from (0.17) to (0.14).
For an analyst ratings summary and ratings history on Jive Software click here. For more ratings news on Jive Software click here.
Shares of Jive Software closed at $20.34 yesterday.
Analyst, Brent Thill, said, "JIVE delivered another >50% growth quarter, solidly beating across demand metrics while exhibiting opex discipline. Our model’s decelerating rev & billings forecast could prove conservative if enterprise adoption of social business tools maintain their momentum and the new Try Jive program amplifies the pipeline. We believe JIVE leads the enterprise social software space by a wide margin as measured by actual paying customers and is well positioned to extend that lead. We maintain our Neutral rating due to its valuation premium vs. SaaS comp group."
UBS raises FY12 loss from (0.43) to (0.40) and FY13 from (0.17) to (0.14).
For an analyst ratings summary and ratings history on Jive Software click here. For more ratings news on Jive Software click here.
Shares of Jive Software closed at $20.34 yesterday.
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