Tiffany & Co. (NYSE: TIF), Schnitzer Steel (NASDAQ: SCHN), SuccessFactors, Inc. (NASDAQ: SFSF), DXP Enterprises, Inc. (NASDAQ: DXPE), Ensign Group Inc. (NASDAQ: ENSG) and F5 Networks (NASDAQ: FFIV) ratings and price targets.
Schnitzer Steel (SCHN) was downgraded by Credit Agricole to an “Underperform” rating.
SuccessFactors, Inc. (SFSF) was downgraded by Raymond James (NYSE:RJF) from a “strong buy” rating to a “market perform” rating.
Collins Stewart initiated coverage on Tiffany & Co. (TIF). They have a “Neutral” rating and a price target of $72.00 on the firm.
DXP Enterprises, Inc. (DXPE) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
Ensign Group Inc. (ENSG) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
F5 Networks (FFIV) was upgraded by Oppenheimer from a “Perform” rating to an “Outperform” rating. They have a price target of $125.00 on the firm.
Showing posts with label SuccessFactors. Show all posts
Showing posts with label SuccessFactors. Show all posts
Tuesday, December 20, 2011
Tuesday, December 6, 2011
CRH PLC (CRH) (SFSF) (SPSC) (TCO) (BWLD) (CBI) Downgraded
CRH PLC (NYSE: CRH), SuccessFactors, Inc. (NASDAQ: SFSF), SPS Commerce, Inc. (NASDAQ: SPSC), Taubman Centers Incorporated (NYSE: TCO), Buffalo Wild Wings (NASDAQ: BWLD) and Chicago Bridge & Iron Company (NYSE: CBI) were downgraded by analysts.
CRH PLC (CRH) was downgraded by HSBC (NYSE:HBC) from a “Neutral” rating to an “Underweight” rating.
SuccessFactors, Inc. (SFSF) was downgraded by FBR Capital from an “Outperform” rating to a “Market Perform” rating.
SPS Commerce, Inc. (SPSC) was downgraded by Canaccord Genuity from a “Buy” rating to a “Hold” rating.
Taubman Centers Incorporated (TCO) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating.
Buffalo Wild Wings (BWLD) was downgraded by Feltl & Co to a “Hold” rating. They have a price target of $67.00 on the company.
Chicago Bridge & Iron Company (CBI) was downgraded by Goldman Sachs (NYSE:GS) to a “Buy” rating.
CRH PLC (CRH) was downgraded by HSBC (NYSE:HBC) from a “Neutral” rating to an “Underweight” rating.
SuccessFactors, Inc. (SFSF) was downgraded by FBR Capital from an “Outperform” rating to a “Market Perform” rating.
SPS Commerce, Inc. (SPSC) was downgraded by Canaccord Genuity from a “Buy” rating to a “Hold” rating.
Taubman Centers Incorporated (TCO) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating.
Buffalo Wild Wings (BWLD) was downgraded by Feltl & Co to a “Hold” rating. They have a price target of $67.00 on the company.
Chicago Bridge & Iron Company (CBI) was downgraded by Goldman Sachs (NYSE:GS) to a “Buy” rating.
Tuesday, August 30, 2011
Citigroup (C) on (MSFT) (VMW) (CRM) (ADBE) (SYMC) and Macroeconomic Effect on Sector
Referencing the upcoming Technology Conference, Citigroup (NYSE:C) software analyst Walter Pritchard said one major concern for the sector is the macroeconomic situation, which is weakening, but not yet showing up in the outlook for software companies such as Microsoft (NASDAQ:MSFT), VMWare (NYSE:VMW), Salesforce.com (NYSE:CRM), Adobe (NASDAQ:ADBE) and Symantec (NASDAQ:SYMC).
Pritchard said, “It may be a matter of time before the backdrop catches up with software companies,” as the probable fallout hasn't hit the estimates for the firms yet.
Among his favorites in the software sector are Taleo (NASDAQ:TLEO), Verisign (NASDAQ:VRSN), Symantec, and Check Point (NASDAQ:CHKP).
Other companies in the Conference will be Autodesk (NASDAQ:ADSK), BMC Software (NASDAQ:BMC), CA (NASDAQ:CA), Citrix Systems (NASDAQ:CTXS), Dassault Systems (OTC:DASTY), Fortinet (NASDAQ:FTNT) and SuccessFactors (NASDAQ:SFSF).
Pritchard said, “It may be a matter of time before the backdrop catches up with software companies,” as the probable fallout hasn't hit the estimates for the firms yet.
Among his favorites in the software sector are Taleo (NASDAQ:TLEO), Verisign (NASDAQ:VRSN), Symantec, and Check Point (NASDAQ:CHKP).
Other companies in the Conference will be Autodesk (NASDAQ:ADSK), BMC Software (NASDAQ:BMC), CA (NASDAQ:CA), Citrix Systems (NASDAQ:CTXS), Dassault Systems (OTC:DASTY), Fortinet (NASDAQ:FTNT) and SuccessFactors (NASDAQ:SFSF).
Monday, August 29, 2011
SonoSite (SONO) (BRCM) (SFSF) (DAN) (REN) (ECTE) Get New Coverage
SonoSite Inc (NASDAQ: SONO), Broadcom Corp (NASDAQ: BRCM), SuccessFactors, Inc. (NASDAQ: SFSF), Dana Holding Co. (NYSE: DAN), Resolute Energy Corp (NYSE: REN) and Echo Therapeutics (NASDAQ: ECTE) getting new coverage from analysts.
Stifel Nicolaus initiated coverage on SonoSite Inc. (SONO). They placed a “Buy” rating on the company.
ThinkEquity initiated coverage on Broadcom Corp. (BRCM). They placed a “Buy” rating on the company.
Piper Jaffray (NYSE:PJC) initiated coverage on SuccessFactors, Inc. (SFSF). They placed an “Overweight” rating on the company.
CRT Capital initiated coverage on Dana Holding Co. (DAN). They placed a “Buy” rating on the company.
Morgan Keegan initiated coverage on Resolute Energy Corp. (REN). They placed an “Outperform” rating and a price target of $19.00 on the company.
Stifel Nicolaus initiated coverage on Echo Therapeutics (ECTE). They placed a “Buy” rating on the company.
Stifel Nicolaus initiated coverage on SonoSite Inc. (SONO). They placed a “Buy” rating on the company.
ThinkEquity initiated coverage on Broadcom Corp. (BRCM). They placed a “Buy” rating on the company.
Piper Jaffray (NYSE:PJC) initiated coverage on SuccessFactors, Inc. (SFSF). They placed an “Overweight” rating on the company.
CRT Capital initiated coverage on Dana Holding Co. (DAN). They placed a “Buy” rating on the company.
Morgan Keegan initiated coverage on Resolute Energy Corp. (REN). They placed an “Outperform” rating and a price target of $19.00 on the company.
Stifel Nicolaus initiated coverage on Echo Therapeutics (ECTE). They placed a “Buy” rating on the company.
Friday, August 26, 2011
BlackRock (BLK) (BRCM) (ECTE) (JNS) (SFSF) (SQNM) (SONO) (THS) (WDR) Get New Coverage
BlackRock (NYSE:BLK), Broadcom (NASDAQ:BRCM), Echo Therapeutics (NASDAQ:ECTE), Janus Capital (NYSE:JNS), SuccessFactors (NASDAQ:SFSF), Sequenom (NASDAQ:SQNM), SonoSite (NASDAQ:SONO), TreeHouse Foods (NYSE:THS) and Waddell & Reed (NYSE:WDR) getting new coverage from analysts.
Jefferies (NYSE:JEF) initiated coverage on BlackRock (BLK). They started them off with a "Hold" rating.
ThinkEquity initiated coverage on Broadcom (BRCM). They started them off with a "Buy" rating.
Stifel Nicolaus initiated coverage on Echo Therapeutics (ECTE). They started them off with a "Buy" rating.
Jefferies initiated coverage on Janus Capital (JNS). They started them off with a "Buy" rating.
Piper Jaffray (NYSE:PJC) initiated coverage on SuccessFactors (SFSF). They started them off with a "Overweight" rating.
William Blair initiated coverage on Sequenom (SQNM). They started them off with a "Outperform" rating.
Stifel Nicolaus initiated coverage on SonoSite (SONO). They started them off with a "Buy" rating.
Wells Fargo (NYSE:WFC) initiated coverage on TreeHouse Foods (THS). They started them off with a "Outperform" rating.
Jefferies initiated coverage on Waddell & Reed (WDR). They started them off with a "Buy" rating.
Jefferies (NYSE:JEF) initiated coverage on BlackRock (BLK). They started them off with a "Hold" rating.
ThinkEquity initiated coverage on Broadcom (BRCM). They started them off with a "Buy" rating.
Stifel Nicolaus initiated coverage on Echo Therapeutics (ECTE). They started them off with a "Buy" rating.
Jefferies initiated coverage on Janus Capital (JNS). They started them off with a "Buy" rating.
Piper Jaffray (NYSE:PJC) initiated coverage on SuccessFactors (SFSF). They started them off with a "Overweight" rating.
William Blair initiated coverage on Sequenom (SQNM). They started them off with a "Outperform" rating.
Stifel Nicolaus initiated coverage on SonoSite (SONO). They started them off with a "Buy" rating.
Wells Fargo (NYSE:WFC) initiated coverage on TreeHouse Foods (THS). They started them off with a "Outperform" rating.
Jefferies initiated coverage on Waddell & Reed (WDR). They started them off with a "Buy" rating.
Wednesday, August 24, 2011
Semtech (SMTC) (LOGM) (ORCL) (RHT) (SFSF) Price Targets Changed
Semtech (NASDAQ: SMTC), LogMeIn Inc (NASDAQ: LOGM), Oracle (NASDAQ: ORCL), Red Hat (NYSE: RHT) and SuccessFactors, Inc. (NASDAQ: SFSF) had price targets adjusted by analysts.
Semtech (SMTC) had its price target lowered by Oppenheimer from $35.00 to $30.00. They have an “Outperform” rating on the company.
LogMeIn Inc. (LOGM) had its price target lowered by Stifel Nicolaus from $50.00 to $42.00. They have a “Buy” rating on the company.
Oracle (ORCL) had its price target lowered by Stifel Nicolaus from $38.00 to $34.00. They have a “Buy” rating on the company.
Red Hat (RHT) had its price target lowered by Stifel Nicolaus from $49.00 to $42.00. They have a “Buy” rating on the company.
SuccessFactors, Inc. (SFSF) had its price target lowered by Stifel Nicolaus from $38.00 to $31.00. They have a “Buy” rating on the company.
Semtech (SMTC) had its price target lowered by Oppenheimer from $35.00 to $30.00. They have an “Outperform” rating on the company.
LogMeIn Inc. (LOGM) had its price target lowered by Stifel Nicolaus from $50.00 to $42.00. They have a “Buy” rating on the company.
Oracle (ORCL) had its price target lowered by Stifel Nicolaus from $38.00 to $34.00. They have a “Buy” rating on the company.
Red Hat (RHT) had its price target lowered by Stifel Nicolaus from $49.00 to $42.00. They have a “Buy” rating on the company.
SuccessFactors, Inc. (SFSF) had its price target lowered by Stifel Nicolaus from $38.00 to $31.00. They have a “Buy” rating on the company.
Wednesday, August 17, 2011
Priceline (PCLN) (POWL) (SAP) (SFSF) (STZ) (ULTI) Get New Coverage
Priceline (NASDAQ: PCLN), Powell Industries (NASDAQ: POWL), SAP Aktiengesellschaft (NYSE: SAP), SuccessFactors, Inc. (NASDAQ: SFSF), Constellation Brands, Inc. (NYSE: STZ) and The Ultimate Software Group, Inc. (NASDAQ: ULTI) getting new analyst coverage.
Nomura initiated coverage on Priceline (PCLN). They placed a “Reduce” rating on the company.
Stifel Nicolaus initiated coverage on Powell Industries (POWL). They placed a “Buy” rating and a price target of $53.00 on the company.
Morgan Keegan initiated coverage on SAP Aktiengesellschaft (SAP). They placed a “Market Perform” rating on the company.
Morgan Keegan initiated coverage on SuccessFactors, Inc. (SFSF). They placed an “Outperform” rating and a price target $33.00 on the company.
Capstone initiated coverage on Constellation Brands, Inc. (STZ). They placed a “Buy” rating on the company.
Morgan Keegan initiated coverage on The Ultimate Software Group, Inc. (ULTI). They placed an “Outperform” rating and a price target of $65.00 on the company.
Nomura initiated coverage on Priceline (PCLN). They placed a “Reduce” rating on the company.
Stifel Nicolaus initiated coverage on Powell Industries (POWL). They placed a “Buy” rating and a price target of $53.00 on the company.
Morgan Keegan initiated coverage on SAP Aktiengesellschaft (SAP). They placed a “Market Perform” rating on the company.
Morgan Keegan initiated coverage on SuccessFactors, Inc. (SFSF). They placed an “Outperform” rating and a price target $33.00 on the company.
Capstone initiated coverage on Constellation Brands, Inc. (STZ). They placed a “Buy” rating on the company.
Morgan Keegan initiated coverage on The Ultimate Software Group, Inc. (ULTI). They placed an “Outperform” rating and a price target of $65.00 on the company.
Wednesday, August 10, 2011
Carmike (CKEC) (SXCI) (CFR) (SFSF) (MRK) (CNW) Upgraded
Carmike Cinemas, Inc. (NASDAQ: CKEC), SXC Health Solutions (NASDAQ: SXCI), Cullen/Frost Bankers, Inc. (NYSE: CFR), SuccessFactors, Inc. (NASDAQ: SFSF), Merck & Co Inc (NYSE: MRK) and Con-way Inc. (NYSE: CNW) upgraded by analysts.
SXC Health Solutions (SXCI) was upgraded by Dougherty & Co. from a “Neutral” rating to a “Buy” rating. They have a price target of $65.00 on the company.
Carmike Cinemas, Inc. (CKEC) was upgraded by Barrington Research from a “Market Perform” rating to an “Outperform” rating.
Cullen/Frost Bankers, Inc. (CFR) was upgraded by Wunderlich from a “Hold” rating to a “Buy” rating. They have a price target of $60.00 on the company.
SuccessFactors, Inc. (SFSF) was upgraded by Gleacher & Co. to a “Buy” rating.
Merck & Co Inc. (MRK) was upgraded by Jefferies (NYSE:JEF) from a “Hold” rating to a “Buy” rating. They have a price target of $37.00 on the company.
Con-way Inc. (CNW) was upgraded by Piper Jaffray (NYSE:PJC) from an “Underweight” rating to a “Neutral” rating. They have a price target of $30.00 on the company.
SXC Health Solutions (SXCI) was upgraded by Dougherty & Co. from a “Neutral” rating to a “Buy” rating. They have a price target of $65.00 on the company.
Carmike Cinemas, Inc. (CKEC) was upgraded by Barrington Research from a “Market Perform” rating to an “Outperform” rating.
Cullen/Frost Bankers, Inc. (CFR) was upgraded by Wunderlich from a “Hold” rating to a “Buy” rating. They have a price target of $60.00 on the company.
SuccessFactors, Inc. (SFSF) was upgraded by Gleacher & Co. to a “Buy” rating.
Merck & Co Inc. (MRK) was upgraded by Jefferies (NYSE:JEF) from a “Hold” rating to a “Buy” rating. They have a price target of $37.00 on the company.
Con-way Inc. (CNW) was upgraded by Piper Jaffray (NYSE:PJC) from an “Underweight” rating to a “Neutral” rating. They have a price target of $30.00 on the company.
Thursday, August 4, 2011
Harris (HRS) (IPGP) (CE) (SFSF) (SKT) Price Targets Changed
Harris (NYSE: HRS), IPG Photonics Co. (NASDAQ: IPGP), Celanese Co. (NYSE: CE), SuccessFactors, Inc. (NASDAQ: SFSF) and Tanger Factory Outlet Centers Inc. (NYSE: SKT) price targets adjusted by analysts.
Harris (HRS) had its price target lowered by Needham & Company from $56.00 to $48.00. They have a “Buy” rating on the company.
IPG Photonics Co. (IPGP) had its price target lowered by Dougherty & Co. from $80.00 to $75.00. They have a “Buy” rating on the company.
Celanese Co. (CE) had its price target raised by UBS AG (NYSE:UBS) from $48.00 to $52.00. They have a “Neutral” rating on the company.
SuccessFactors, Inc. (SFSF) had its price target lowered by UBS AG from $44.00 to $40.00. They have a “Buy” rating on the company.
Tanger Factory Outlet Centers Inc. (SKT) had its price target raised by UBS AG to $29.00. They have a “Buy” rating on the company.
Harris (HRS) had its price target lowered by Needham & Company from $56.00 to $48.00. They have a “Buy” rating on the company.
IPG Photonics Co. (IPGP) had its price target lowered by Dougherty & Co. from $80.00 to $75.00. They have a “Buy” rating on the company.
Celanese Co. (CE) had its price target raised by UBS AG (NYSE:UBS) from $48.00 to $52.00. They have a “Neutral” rating on the company.
SuccessFactors, Inc. (SFSF) had its price target lowered by UBS AG from $44.00 to $40.00. They have a “Buy” rating on the company.
Tanger Factory Outlet Centers Inc. (SKT) had its price target raised by UBS AG to $29.00. They have a “Buy” rating on the company.
Franklin (BEN) (OIS) (REXX) (SFSF) (RDC) (AMED) Price Targets Changed
Franklin Resources, Inc. (NYSE: BEN), Oil States International, Inc. (NYSE: OIS), Rex Energy (NASDAQ: REXX), SuccessFactors, Inc. (NASDAQ: SFSF), Rowan Companies, Inc. (NYSE: RDC) and Amedisys, Inc. (NASDAQ: AMED) price targets adjusted by analysts.
Franklin Resources, Inc. (BEN) had its price target raised by Barclays Capital to $166.00. They have an “Overweight” rating on the company.
Oil States International, Inc. (OIS) had its price target raised by Global Hunter Securities from $97.00 to $109.00. They have a “Buy” rating on the company.
Rex Energy (REXX) had its price target raised by Rodman & Renshaw from $16.00 to $20.00. They have an “Outperform” rating on the company.
SuccessFactors, Inc. (SFSF) had its price target slashed by BMO Capital Markets from $43.00 to $35.00. They have an “Outperform” rating on the company.
Rowan Companies, Inc. (RDC) had its price target raised by Barclays Capital to $49.00. They have an “Overweight” rating on the company.
Amedisys, Inc. (AMED) had its price target lowered by FBR Capital from $35.00 to $22.00. They have a “Market Perform” rating on the company.
Franklin Resources, Inc. (BEN) had its price target raised by Barclays Capital to $166.00. They have an “Overweight” rating on the company.
Oil States International, Inc. (OIS) had its price target raised by Global Hunter Securities from $97.00 to $109.00. They have a “Buy” rating on the company.
Rex Energy (REXX) had its price target raised by Rodman & Renshaw from $16.00 to $20.00. They have an “Outperform” rating on the company.
SuccessFactors, Inc. (SFSF) had its price target slashed by BMO Capital Markets from $43.00 to $35.00. They have an “Outperform” rating on the company.
Rowan Companies, Inc. (RDC) had its price target raised by Barclays Capital to $49.00. They have an “Overweight” rating on the company.
Amedisys, Inc. (AMED) had its price target lowered by FBR Capital from $35.00 to $22.00. They have a “Market Perform” rating on the company.
Wednesday, April 27, 2011
Helix (HLX) (MAS) (SFSF) (SB) Get Ratings Downgrades
Helix Energy Solutions Group Inc. (NYSE: HLX), Masco Co. (NYSE: MAS), SuccessFactors, Inc. (NASDAQ: SFSF) and Safe Bulkers, Inc. (NYSE: SB) downgraded by analysts.
Morgan Stanley (NYSE:MS) downgraded Helix Energy Solutions Group Inc. (HLX) from an “Overweight” rating to an “Equal Weight” rating. They placed a price target of $18 on the stock. They cited the catalyst as being valuation.
RBC Capital downgraded Masco Co. (MAS) from a “Sector Perform” rating to an “Underperform” rating. They set a price target of $13.00 on the firm, down from $14.
Gleacher & Co. (NASDAQ:GLCH) downgraded SuccessFactors, Inc. (SFSF) from a “Buy” rating to a “Neutral” rating.
Jefferies (NYSE:JEF) downgraded Safe Bulkers, Inc. (SB) from a “Buy” rating to a “Hold” rating. They placed a price target $8 on the company, down from $12.00.
Morgan Stanley (NYSE:MS) downgraded Helix Energy Solutions Group Inc. (HLX) from an “Overweight” rating to an “Equal Weight” rating. They placed a price target of $18 on the stock. They cited the catalyst as being valuation.
RBC Capital downgraded Masco Co. (MAS) from a “Sector Perform” rating to an “Underperform” rating. They set a price target of $13.00 on the firm, down from $14.
Gleacher & Co. (NASDAQ:GLCH) downgraded SuccessFactors, Inc. (SFSF) from a “Buy” rating to a “Neutral” rating.
Jefferies (NYSE:JEF) downgraded Safe Bulkers, Inc. (SB) from a “Buy” rating to a “Hold” rating. They placed a price target $8 on the company, down from $12.00.
Tuesday, April 26, 2011
Microsoft (MSFT) (BEAV) (OTEX) (SFSF) (VECO) PTs Boosted
The shares of Microsoft Corp (NASDAQ: MSFT), BE Aerospace (NASDAQ: BEAV), Open Text (NASDAQ: OTEX), SuccessFactors, Inc. (NASDAQ: SFSF) and Veeco Instruments Inc. (NASDAQ: VECO) were all boosted April 26 by several analysts.
RBC Capital raised their price target on BE Aerospace (BEAV) from $46.00 to $48.00. They have a “Top Pick” rating on the company.
Morgan Stanley (NYSE:MS) boosted its price target on Microsoft Corp (MSFT) to $32.00. They have an “Overweight” rating on the software giant.
Wedbush raised their price target on Open Text (OTEX) from $55.00 to $65.00. They have a “Neutral” rating on the OTEX.
RBC Capital increased its price target on SuccessFactors, Inc. (SFSF) from $35.00 to $40.00. They have an “Outperform” rating on them.
Kaufman Brothers raised its price target on Veeco Instruments Inc. (VECO) from $55.00 to $60.00. They have a “Buy” rating on the firm.
RBC Capital raised their price target on BE Aerospace (BEAV) from $46.00 to $48.00. They have a “Top Pick” rating on the company.
Morgan Stanley (NYSE:MS) boosted its price target on Microsoft Corp (MSFT) to $32.00. They have an “Overweight” rating on the software giant.
Wedbush raised their price target on Open Text (OTEX) from $55.00 to $65.00. They have a “Neutral” rating on the OTEX.
RBC Capital increased its price target on SuccessFactors, Inc. (SFSF) from $35.00 to $40.00. They have an “Outperform” rating on them.
Kaufman Brothers raised its price target on Veeco Instruments Inc. (VECO) from $55.00 to $60.00. They have a “Buy” rating on the firm.
Tuesday, January 11, 2011
Concur (Nasdaq:CNQR), SuccessFactors (Nasdaq:SFSF), Oracle (Nasdaq:ORCL), Limelight (Nasdaq:LLNW) Should Outperform
Concur (Nasdaq:CNQR), SuccessFactors (Nasdaq:SFSF), Oracle (Nasdaq:ORCL) and Limelight (Nasdaq:LLNW) are all considered outperformers by FBR, with all of them considered leaders in their respective sector.
FBR said, "With the start of each new year, we like to look at how our covered companies will perform against Street expectations for that year.
"Specifically, we break down expectations into two components: (1) consensus estimates and (2) what we believe are the embedded expectations in the shares. Sometimes they are synonymous; sometimes they can vary dramatically, particularly in our sector. While executing against these expectations is only one factor driving share performance, it clearly is an important one. It is under that premise that we then chart the potential performance against each expectation to graphically depict those shares that we believe should outperform."
1) SaaS vendors of choice: We believe Concur Technologies (Nasdaq: CNQR) and SuccessFactors (Nasdaq: SFSF) can both execute well against expectations. Regarding Concur, we believe the company's numerous growth initiatives will help drive upside, most notably in the back half of the year. For SuccessFactors, we expect the company's renewed focus on building out sales capacity and targeting new customer growth, combined with an expansive suite of solutions and an underpenetrated market, should provide significant tailwinds that allow the company to post better-than-expected billings growth.
2) Traditional software vendor of choice: We think Oracle (Nasdaq: ORCL) is best positioned among the traditional software vendors because we think there are greater cost synergies to be had with the Sun acquisition than expected and because we believe the company will start to compete sooner and better than expected in the integrated systems marketplace; all of which should drive consistent and modest outperformance versus expectations.
3) CDN of choice: Of the two pure-play content delivery network (CDN) vendors, we prefer shares of Limelight Networks (Nasdaq: LLNW). We believe this turnaround story is still in progress, that expectations remain low, and that the company's ability to execute against those expectations is good.
Concur was trading at $54.97, up $0.29, or 0.53 percent, as of 11:29 AM EST. SuccessFactors SuccessFactors was at $31.33, up $0.21, or 0.67 percent. Oracle was trading at $31.00, down $0.04, or 0.10 percent. Limelight was at $6.16, down 0.09, or 1.44 percent.
FBR said, "With the start of each new year, we like to look at how our covered companies will perform against Street expectations for that year.
"Specifically, we break down expectations into two components: (1) consensus estimates and (2) what we believe are the embedded expectations in the shares. Sometimes they are synonymous; sometimes they can vary dramatically, particularly in our sector. While executing against these expectations is only one factor driving share performance, it clearly is an important one. It is under that premise that we then chart the potential performance against each expectation to graphically depict those shares that we believe should outperform."
1) SaaS vendors of choice: We believe Concur Technologies (Nasdaq: CNQR) and SuccessFactors (Nasdaq: SFSF) can both execute well against expectations. Regarding Concur, we believe the company's numerous growth initiatives will help drive upside, most notably in the back half of the year. For SuccessFactors, we expect the company's renewed focus on building out sales capacity and targeting new customer growth, combined with an expansive suite of solutions and an underpenetrated market, should provide significant tailwinds that allow the company to post better-than-expected billings growth.
2) Traditional software vendor of choice: We think Oracle (Nasdaq: ORCL) is best positioned among the traditional software vendors because we think there are greater cost synergies to be had with the Sun acquisition than expected and because we believe the company will start to compete sooner and better than expected in the integrated systems marketplace; all of which should drive consistent and modest outperformance versus expectations.
3) CDN of choice: Of the two pure-play content delivery network (CDN) vendors, we prefer shares of Limelight Networks (Nasdaq: LLNW). We believe this turnaround story is still in progress, that expectations remain low, and that the company's ability to execute against those expectations is good.
Concur was trading at $54.97, up $0.29, or 0.53 percent, as of 11:29 AM EST. SuccessFactors SuccessFactors was at $31.33, up $0.21, or 0.67 percent. Oracle was trading at $31.00, down $0.04, or 0.10 percent. Limelight was at $6.16, down 0.09, or 1.44 percent.
Wednesday, January 5, 2011
Wedbush Says Buy SuccessFactors (NASDAQ:SFSF), Outperforming Peers
Based on demand for collaboration products, and expectations they'll outperform most of their peers, Wedbush says investors should buy into SuccessFactors (NASDAQ:SFSF).
Wedbush asserted, "We advise investors to purchase SFSF shares as we believe they will outperform many of the company’s peers due to its relatively higher growth rate. We also have increasing confidence that 2011 will mark a meaningful shift towards wider adoption of enterprise collaboration software leveraging, as yet, relatively untapped corporate social networks, which the company’s CubeTree products does. Additionally, we believe SFSF management will continue to guide billings growth conservatively, and exceed expectations."
Wedbush maintains an "Outperform" on SuccessFactors, which closed Tuesday at $29.23, losing $0.48, or 1.62 percent. They raised their price target on them from $28 to $34.
Wedbush asserted, "We advise investors to purchase SFSF shares as we believe they will outperform many of the company’s peers due to its relatively higher growth rate. We also have increasing confidence that 2011 will mark a meaningful shift towards wider adoption of enterprise collaboration software leveraging, as yet, relatively untapped corporate social networks, which the company’s CubeTree products does. Additionally, we believe SFSF management will continue to guide billings growth conservatively, and exceed expectations."
Wedbush maintains an "Outperform" on SuccessFactors, which closed Tuesday at $29.23, losing $0.48, or 1.62 percent. They raised their price target on them from $28 to $34.
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