Market Overview

Wedbush Reiterates Outperform Rating on Informatica Ahead of 2Q Results

Related INFA
Weakness Seen in NQ Mobile (NQ): Stock Tanks 13.0% - Tale of the Tape
Weakness Seen in Consolidated Communications Holdings (CNSL): Stock Declines 6.7% - Tale of the Tape

In a report published Thursday, Wedbush analyst Steve Koenig reiterated an Outperform rating and $42.00 price target on Informatica (NASDAQ: INFA).

In the report, Wedbush noted, “For 2Q, we expect revenue and EPS in line with consensus. Our estimates of $221M/$0.31 compare to consensus of $221M/$0.31 and guidance of $215M - $225M/$0.29 - $0.32. Although these estimates are merely in line with consensus, we expect the strong Y/Y results to cheer investors. Our integrator checks suggested that project activity for both ETL and MDM is growing well, despite a generally difficult demand environment. MDM looks particularly promising for INFA, as the category is less mature and appears relatively more immune to price-based competition from stack vendors. Also, INFA's momentum in the cloud appears to be gathering steam, based on our checks and TTM results.”

Informatica closed on Wednesday at $38.87.

Posted-In: Steve Koenig WedbushAnalyst Color Reiteration Analyst Ratings

 

Most Popular

Related Articles (INFA)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free