Rally Software (RALY) Posts Narrower-than-Expected Q1 Loss; Guides Q2, FY15
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June 6, 2014 7:26 AM EDT
William Blair downgraded Rally Software Development (NYSE: RALY) from Outperform to Market Perform.
For an analyst ratings summary and ratings history on Rally Software Development click here. For more ratings news on Rally Software Development click here.
Shares of Rally Software Development closed at $12.22 yesterday.
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June 6, 2014 6:53 AM EDT
Deutsche Bank downgraded Rally Software Development (NYSE: RALY) from Buy to Hold with a price target of $15.00 (from $30.00).
Analyst Nandan Amladi said, "Rally reported mixed F1Q15 results with revenue below and EPS above expectations, with revenue/EPS of $19.4m/($0.27), versus our estimates of $19.5m/($0.52) and the Consensus of $19.6m/($0.50), due to slower than expected seat count growth (12k additions during the quarter vs.... More
June 6, 2014 6:26 AM EDT
Needham & Company downgraded Rally Software Development (NYSE: RALY) from Buy to Hold following weak Q1 results, outlook.
Analyst Michael Huang said, "We are downgrading our rating on RALY to Hold driven primarily by increased uncertainty around underlying sales momentum (especially with new... More
