Oppenheimer Defends Informatica (INFA); Finally Succumbed to Macro Weakness in Europe, But Still Expects Growth
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Price: $24.79 --0%
Rating Summary:
7 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 17
Rating Summary:
7 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 17
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Oppenheimer maintains an 'Outperform' on Informatica (NASDAQ: INFA) price target of $46.00 (from $57.00).
Analyst, Shaul Eyal, said, "INFA has succumbed to macro weakness in Europe which is highlighted by a weak 2Q12 license revenue estimate of $70-72M (below our $97M estimate)...INFA still expects growth in 2H12, but we believe hiring will be tempered and internal focus on financial discipline and selective growth opportunities will take front seat. We are cutting our price target yet maintaining our rating viewing INFA as a strategic asset."
Opp lowers FY12 EPS estimate from $1.60 to $1.40, FY13 EPS estimate lowered from $1.87 to $1.57. FY12 revenues lowered from $894M to $814M and FY13 from $1.01B to $880M.
For an analyst ratings summary and ratings history on Informatica click here. For more ratings news on Informatica click here.
Shares of Informatica closed at $43.37 yesterday.
Analyst, Shaul Eyal, said, "INFA has succumbed to macro weakness in Europe which is highlighted by a weak 2Q12 license revenue estimate of $70-72M (below our $97M estimate)...INFA still expects growth in 2H12, but we believe hiring will be tempered and internal focus on financial discipline and selective growth opportunities will take front seat. We are cutting our price target yet maintaining our rating viewing INFA as a strategic asset."
Opp lowers FY12 EPS estimate from $1.60 to $1.40, FY13 EPS estimate lowered from $1.87 to $1.57. FY12 revenues lowered from $894M to $814M and FY13 from $1.01B to $880M.
For an analyst ratings summary and ratings history on Informatica click here. For more ratings news on Informatica click here.
Shares of Informatica closed at $43.37 yesterday.
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