Jefferies & Company Reiterates Its Buy Rating On Radiant Systems

Jefferies & Company announced today that it is reiterating its Buy rating on Radiant Systems, Inc.

“since [the company has been a share gainer in the fragmented hospitality and specialty retail markets, is seeing high recurring rev growth from SaaS-based services, has a good international growth opportunity, and is driving higher operating margins.” “RADS beat 3Q10 on revs/NG EPS (by $0.01 before the tax benefit) and guided 4Q10 higher on revenue and in line on EPS (ahead $0.01 before the dilution from the recent secondary),” Jefferies & Company writes. “While our estimates remain broadly unchanged, we continue to view guidance as potentially conservative, especially given potential surprises from larger chain wins, international traction and better attach with SaaS based services. We retain our BUY and nudge our PT to $23.” Radiant Systems currently trades at $19.30.