Barclays Maintains an 'Overweight' on Informatica (INFA); Solid Q2/H2 Outlook
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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
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Barclays maintains an 'Overweight' on Informatica (NASDAQ: INFA) price target raised $2 to $58.00.
Barclays analyst says, "Informatica delivered another solid quarter, with upside to license, maintenance and EPS, despite the difficult macro in Europe. We are raising our price target given our expectation for sustaining license growth driven by the ongoing investment cycle in large data warehouses and solid execution cross selling more components of the Informatica data integration stack."
"We are raising our FY11 revenue estimate to $798 million (+23% y/y) from $779 million, largely for higher license and maintenance in H2. We are lowering our FY11 EPS estimate to $1.39 from $1.40 for acquisitions dilution."
For more ratings news on Informatica click here and for the rating history of Informatica click here.
Shares of Informatica closed at $51.40 yesterday.
Barclays analyst says, "Informatica delivered another solid quarter, with upside to license, maintenance and EPS, despite the difficult macro in Europe. We are raising our price target given our expectation for sustaining license growth driven by the ongoing investment cycle in large data warehouses and solid execution cross selling more components of the Informatica data integration stack."
"We are raising our FY11 revenue estimate to $798 million (+23% y/y) from $779 million, largely for higher license and maintenance in H2. We are lowering our FY11 EPS estimate to $1.39 from $1.40 for acquisitions dilution."
For more ratings news on Informatica click here and for the rating history of Informatica click here.
Shares of Informatica closed at $51.40 yesterday.
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