JMP Downgrades Informatica To Market Perform Following 'Last Quarter As A Public Co.'

In a report published Thursday, JMP Securities analysts downgraded the rating on

from Market Outperform to Market Perform. The downgrade comes in the wake of the pending acquisition of Informatica by $25B European PE Fund Permira and the Canada Pension Plan Investment Board (CPPIB) for $48.75/share. "We believe investors should use Informatica as a source of funds given the pending acquisition," the analysts mentioned. Informatica announced its 1Q15 results with in-line non GAAP EPS of $0.34 but disappointing revenue of $251 million. "The greater-than-expected pressure on the company's license revenues may help explain Informatica's willingness to sell its business," the analysts stated.