Benchmark Starts UBIC (UBIC) at Buy
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Price: $16.40 --0%
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Benchmark initiated coverage on UBIC (NASDAQ: UBIC) with a Buy rating and a price target of $9.00.
"UBIC is one of the first eDiscovery vendors to position itself for the emerging Asian language eDiscovery market, leveraging its strengths in Asian language character recognition technology and services. Because of its Japanese roots and because it was the first company to process Asian characters, UBIC has a lead over other (mostly US) competitors that may be working to build Asian language capabilities," said analyst Mark W. Schappel.
"The sharp price drop on the Tokyo Stock Exchange following the December quarter reflects increasing concerns about dilution from the US IPO, the tone of business in Japan and recent operational changes as the company rearms during FY14 to grow annual revenue beyond the $60 million barrier. We believe the worst expectations are already priced into the stock, and the current price represents an attractive entry point for investors," he added.
For an analyst ratings summary and ratings history on UBIC click here. For more ratings news on UBIC click here.
Shares of UBIC closed at $7.14 yesterday.
"UBIC is one of the first eDiscovery vendors to position itself for the emerging Asian language eDiscovery market, leveraging its strengths in Asian language character recognition technology and services. Because of its Japanese roots and because it was the first company to process Asian characters, UBIC has a lead over other (mostly US) competitors that may be working to build Asian language capabilities," said analyst Mark W. Schappel.
"The sharp price drop on the Tokyo Stock Exchange following the December quarter reflects increasing concerns about dilution from the US IPO, the tone of business in Japan and recent operational changes as the company rearms during FY14 to grow annual revenue beyond the $60 million barrier. We believe the worst expectations are already priced into the stock, and the current price represents an attractive entry point for investors," he added.
For an analyst ratings summary and ratings history on UBIC click here. For more ratings news on UBIC click here.
Shares of UBIC closed at $7.14 yesterday.
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