Oppenheimer Defends Informatica (INFA); Finally Succumbed to Macro Weakness in Europe, But Still Expects Growth
Tweet
Share
E-mail
Get Alerts INFA Hot Sheet
Price: $24.79 --0%
Rating Summary:
7 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
7 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Cummins (CMI) PT Lowered to $675 at Jefferies
- Intchains Group Ltd (ICG) PT Lowered to $2 at Benchmark Following 1H Results
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
