Market Overview

UPDATE: FBN Securities Initiates Informatica at Outperform

Share:
Related INFA
M&A Rumors Will Hurt Informatica Performance, Analyst Says
Analyst Sees PE Bid For Informatica Corp. At $43-$50/Share

FBN Securities initiated coverage on Informatica (NASDAQ: INFA) with an Outperform rating and a $45 price target.

FBN Securities commented, "he company's ETL/data integration products are an integral part of the Big Data trend, and it has best-of-breed products in this segment. INFA believes that Big Data is the confluence of three technology trends: big transaction data, big interaction data, and big data processing. Unfortunately, the company is now experiencing weaker trends in Europe than many other technology companies, and it had not executed well in the US (leading to the departure of the company's prior head of sales; new head of sales John McGee joined in late July). However, this has led to a valuation more in line with its peers (versus the traditional premium). Plus, we believe that the company is addressing its sales execution issues and believe that they should mostly be resolved by the end of this year."

Informatica closed at $34.18 on Wednesday.

Latest Ratings for INFA

DateFirmActionFromTo
Mar 2015Mizuho SecuritiesDowngradesBuyNeutral
Mar 2015NomuraDowngradesBuyNeutral
Mar 2015MKM PartnersReinstatesNeutral

View More Analyst Ratings for INFA
View the Latest Analyst Ratings

Posted-In: FBN SecuritiesAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (INFA)

Around the Web, We're Loving...