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Model N, Inc. Message Board

  • stopthattrain30 stopthattrain30 Aug 10, 2013 12:24 PM Flag

    buy reiterated by deutchse bank

    a few analysts reiterated buys on friday which is why the stock took off
    nobody raised their targets - I think I read somebody lowered target from $27 to $25 but thats more a reflection of where the stock is currently trading. I expect continued rebound next week. Seems like the CEO and VP sales got into a #$%$ match, it happens.

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    • They need to put out some regular business news. nothing out there since ipo time. 10% a day drop for no reason got to get some management attention soon.

      Sentiment: Buy

    • If the company cannot provide the next Q's forecast, how can they reiterated the buy? Totally don't get it.

      • 1 Reply to ksu_50
      • They did actually provide guidance for the next Q on the conf call which was higher than estimates. They said they can't provide next FY guidance until next conf call, due to "lack of visibility". That combined with what they termed as "challenges with sales leadership" is what caused the initial 20% drop. But I think the underlying story is still intact. They in fact spoke of some large deals in the pipeline but they are not sure when they will close them. So their next year FY guidance is going to depend on when these deals close.

        Sentiment: Buy

10.07-0.24(-2.33%)Oct 9 4:02 PMEDT