UPDATE: Goldman Sachs Initiates Coverage on Envivio
According to a research report published this morning, Goldman Sachs has initiated Envivio (NASDAQ: ENVI) with a Buy rating and $14 PT.
Goldman Sachs said in the report, "We see Envivio, a video encoding software and equipment vendor, as positioned at the right time and right place to capture the emerging shift toward “multi-screen video” – the ability to watch any video (live TV, on demand, or over-the-top) on any screen (TV, PC, tablet, smartphone). Early wins such as Time Warner, Verizon, and Cablevision have validated Envivio's technology lead. We estimate its CY11-14 sales growth at 45% and EPS growth much faster given the significant operating leverage in the model."
Envivio closed Friday at $7.71.
Latest Ratings for ENVI
|Mar 2013||Goldman Sachs||Maintains||Neutral|
|Sep 2012||Deutsche Bank||Terminates|
|Sep 2012||Goldman Sachs||Maintains||Neutral|
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