Benchmark Meets With QAD Management, Maintains Buy Rating

Benchmark has published a research report on QAD, Inc. QADB after meeting with company management. In the report, Benchmark writes "We recently took QAD's CFO, Daniel Lender, to visit investors in Boston and Philadelphia. The meetings validated our oft-stated thesis that QAD is poised to benefit from a recovery in the industrial manufacturing sector where the Company is highly leveraged — 100% of its business comes from manufacturing. We continue to believe the manufacturing expansion, combined with the stock trading close to its multi-year low, set the stage for the shares to appreciate on any good news, particularly beating quarterly estimates." Benchmark maintains its Buy rating and $12 price target. QAD closed yesterday at $10.12.