Nomura Securities Maintains a 'Buy' on Taleo Corp (TLEO); Opportunistic Buyers
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Price: $45.98 --0%
Rating Summary:
2 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
2 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Nomura Securities maintains a 'Buy' on Taleo Corp (NASDAQ: TLEO) price target of $44.00.
Analyst, Rick Sherlund, said, "We review our billings growth expectations for Taleo, noting slower growth is likely from tougher prior year comparisons and the anniversary of an acquisition, and we would be opportunistic buyers on weakness around the strength in billings growth. There were some concerns about billings in Europe, which created weakness in the shares late last week. Europe represents less than 10% of Taleo’s total sales and billings, so it may not be appropriate to read too much into this metric. The shares should be volatile along with the quarterly variances in billings, but we like the strategic value of Taleo in a consolidating market and would be opportunistic buyers on weakness around volatile quarterly metrics."
For an analyst ratings summary and ratings history on Taleo Corp click here. For more ratings news on Taleo Corp click here.
Shares of Taleo Corp closed at $35.43 yesterday.
Analyst, Rick Sherlund, said, "We review our billings growth expectations for Taleo, noting slower growth is likely from tougher prior year comparisons and the anniversary of an acquisition, and we would be opportunistic buyers on weakness around the strength in billings growth. There were some concerns about billings in Europe, which created weakness in the shares late last week. Europe represents less than 10% of Taleo’s total sales and billings, so it may not be appropriate to read too much into this metric. The shares should be volatile along with the quarterly variances in billings, but we like the strategic value of Taleo in a consolidating market and would be opportunistic buyers on weakness around volatile quarterly metrics."
For an analyst ratings summary and ratings history on Taleo Corp click here. For more ratings news on Taleo Corp click here.
Shares of Taleo Corp closed at $35.43 yesterday.
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