Benchmark Reiterates Hold on Saba Software

Benchmark is out with its report today on Saba Software (NASDAQ: SABA), reiterating Hold.

In its report, Benchmark writes, "We reiterate our Hold rating. While we're incrementally more positive on the story given the 27% decline in the stock since July 21, we remain cautious on SABA's shares until there's more clarity surrounding the demand environment and the Company shows further good progression against its business model transition to a subscription-based revenue model. We also think the ongoing CFO search adds additional uncertainty to the story at this time."

Shares of SABA closed Thursday at $6.00, up 2.04% from Wednesday's close.