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Informatica Corporation Message Board

  • shutupwhenyouspeak shutupwhenyouspeak Oct 5, 2012 8:28 AM Flag

    Informatica Raised To Buy From Neutral By Nomura INFA

    Gonna be a 'long'day for shorts .... even now at PM, for sure

    Sentiment: Buy

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    • (Updated - October 5, 2012 8:26 AM EDT)

      Nomura Securities upgraded Informatica (NASDAQ: INFA) from Neutral to Buy but cut its price target from $38 to $33, following yesterday's Q3 warning and subsequent 23 percent sell-off. The new price target suggests 27% upside from current levels.

      "This will likely take several quarters to get through, although we like the current risk / reward in the stock," analyst Rick Sherlund said. "New sales management is in transition and the recovery in license revenues will likely take several quarters."

      The firm's revenue / EPS estimates for 2012 and 2013 are now $798 / $1.28 and $865 / $1.40 versus estimates prior to the pre-announcement of $827 / $1.45 and $930 / $1.63, respectively.

      For an analyst ratings summary and ratings history on Informatica click here. For more ratings news on Informatica click here.

      Shares of Informatica closed at $26.04 yesterday, with a 52 week range of $23.83-$54.49.

      Sentiment: Strong Buy

48.73+0.17(+0.35%)Aug 6 3:59 PMEDT