Market Overview

UPDATE: Benchmark Reiterates Buy Rating, Lowers PT on Guidance Software on Mixed 4Q12 Results

Share:
Related GUID
Mid-Day Market Update: Halcon Resources Jumps After Announcing Sale of Williston Basin Assets; Shiloh Industries Shares Slide
Why Shares of Palo Alto Networks Jumped 13% in Last 15 Days?

In a report published Friday, Benchmark reiterated its Buy rating on Guidance Software (NASDAQ: GUID), but lowered its price target to $13.00.

Benchmark noted, “We expect GUID to come under pressure today after the Company reported mixed 4Q12 results (EPS was in line but revenue missed) and after management lowered its 2013 outlook well below expectations. Estimates are certain to come down and we think the stock is likely to settle around 1.6x EV/2013E Revenue. While we thought about lowering our rating because it's likely to take 3 to 4 quarters before the new sales investments kick-in, we decided to hold off for now, mainly because we think it's ill-advised to downgrade at the bottom. Instead, we have cut our price target to $13 but maintained our Buy rating.”

Guidance Software closed on Thursday at $11.91.

Latest Ratings for GUID

DateFirmActionFromTo
Jul 2017B. RileyDowngradesBuyHold
Jul 2017PiperJaffrayDowngradesOverweightNeutral
Nov 2016Roth CapitalInitiates Coverage OnBuy

View More Analyst Ratings for GUID
View the Latest Analyst Ratings

Posted-In: BenchmarkAnalyst Color Price Target Analyst Ratings

 

Related Articles (GUID)

View Comments and Join the Discussion!