Wunderlich Securities Downgrades RightNow Technologies

Wunderlich Securities downgraded RightNow Technologies

from Buy to Hold in a research report published today. In the report, Wunderlich Securities states, "While we believe that RightNow is a compelling growth story (noting pre-announced 3Q11 results were solid), few other software players would likely be capable of competing at the valuation level offered (roughly 6.4x run-rate revenues), in our view, to leave us preferring investors look for greater upside on other names in the space trading at peerdiscounted valuations rather than at a premium to the group, as RightNow is postbid." Shares of RightNow Technologies were trading at $42.86 at the time of posting, up 19.19% from Friday's market close.