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UPDATE: Oppenheimer Lowers Informatica PT

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UPDATE: Credit Suisse Downgrades Informatica

According to a research report released Friday, Oppenheimer lowered Informatica's (NASDAQ: INFA) PT from $57 to $46.

In the report, Oppenheimer said, "INFA pre-announced 2Q12 results expecting revenue at $188-190M (down 2% YoY at the mid-point), below our $215M estimate and the Street at $217M. EPS is expected at $0.27-0.28, which is below our $0.36 estimate (consensus at $0.37). A weakening macro environment in Europe coupled with internal mis-execution have confluence into this shortfall which is exacerbated by an expected license revenue of $70-72M, significantly below our $97M estimate. INFA still expects growth in 2H12, but we believe hiring will be tempered and internal focus on financial discipline and selective growth opportunities will take front seat."

Oppenheimer maintained its Outperform rating on Informatica, which closed Thursday at $43.37.

Posted-In: OppenheimerAnalyst Color Price Target Analyst Ratings

 

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