Netsuite (N) Tops Q3 EPS by 1c

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Mizuho Securities Cuts Price Target Following Netsuite (N) 3Q Results

October 23, 2015 8:52 AM EDT

Mizuho Securities reiterated a Neutral rating on NetSuite (NYSE: N), and cut the price target to $90.00 (from $100.00), following the company's 3Q15 earnings results. NetSuite reported total revenues of $193mm (+34% Y/Y) vs guidance of $192-194mm and consensus of $193mm. Management reiterated its full year... More