Information Provided By:
Fly News Breaks for January 31, 2019
ATTU
Jan 31, 2019 | 12:49 EDT
Craig-Hallum analyst Chad Bennett downgraded Attunity to Hold from Buy while raising his price target for the shares to $28 from $24. The analyst says that while this morning's Q4 results beat expectations, he expects the company's revenue and earnings growth to decelerate in 2019. Longer term Attunity is well positioned in an attractive market, however multiples generally contract when growth decelerates, Bennett tells investors in an intraday research note. The company's fiscal 2019 guide for revenue growth in the low 20%'s is a "far cry" from the 40% in fiscal 2018, he says.
News For ATTU From the Last 2 Days
There are no results for your query ATTU