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Fly News Breaks for January 26, 2016
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Jan 26, 2016 | 09:01 EDT
DA Davidson predicts that NetSuite's Q4 revenue will come in above the top end of its guidance and ahead of the consensus outlook. The firm expects the company to report Q4 EPs of 5c, versus the consensus estimate of 4c. The firm thinks that the company's fundamentals remain strong, as it can take significant share from mid-market ERP players, according to the firm. DA Davidson reiterates a $130 price target and Buy rating on the stock.
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