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ZUO

Zuora

$13.93

-0.06 (-0.43%)

05:17
08/29/19
08/29
05:17
08/29/19
05:17

Zuora results largely exceeded modest expectations, says Jefferies

Zuora reported fiscal Q2 results reflective of the challenges it discussed last quarter, but largely exceeded modest expectations, Jefferies analyst John DiFucci tells investors in a research note. Despite the near-term challenges, the analyst continues to believe that Zuora will grow subscription at 25%-plus for the foreseeable future as it captures the migration of businesses to the subscription economy. He maintains a Buy rating on the shares with a $29 price target.

  • 10

    Sep

ZUO Zuora
$13.93

-0.06 (-0.43%)

05/31/19
NEED
05/31/19
DOWNGRADE
NEED
Buy
Zuora downgraded to Buy from Strong Buy at Needham
Needham analyst Scott Berg downgraded Zuora to Buy from Strong Buy.
05/31/19
ADAM
05/31/19
NO CHANGE
Target $18
ADAM
Buy
Zuora price target lowered to $18 from $28 at Canaccord
Canaccord analyst Richard Davis lowered his price target on Zuora to $18 from $28 as he believes the firm is executing far below its potential. He noted the shares are sharply lower following its Q1 report and given its price drop, he feels it is not a good time to downgrade the stock. The analyst said if the shares rally back to the high-teens in a few months he would consider a downgrade. Davis maintained his Buy rating on Zuora shares.
05/31/19
NEED
05/31/19
DOWNGRADE
Target $18
NEED
Buy
Zuora downgraded to Buy from Strong Buy at Needham
Needham analyst Scott Berg downgraded Zuora to Buy from Strong Buy and lowered his price target to $18 from $30 after its Q1 results and "materially lower" guidance for FY20 revenue because of its issues around sales execution and challenges with product integration. The analyst believes that the stock could be "dead money" for the next 1-2 quarters, noting that the sales issues are more concerning than the product issues and may require a change in sales leadership. Longer term, Berg maintain a positive view on Zuora as its end-market demand is "still good" and post-earnings selloff valuation is attractive at 4- to 5-times recurring revenues.
05/31/19
05/31/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Mallinckrodt (MNK) downgraded to Neutral from Overweight at Piper Jaffray with analyst David Amsellem stating last week's developments regarding Acthar in the Medicaid setting, along with as much as a $600M Centers for Medicare & Medicaid Services-related liability, "essentially blew" his prior investment thesis to "smithereens." 2. Nucor (NUE) downgraded to Underperform from Buy at BofA/Merrill with analyst Timna Tanners incorporating a lower near-term forecast for prices, especially for sheet and rebar, and a lower 2021-2022 forecast given expectations for a looming glut in steel. 3. J.Jill (JILL) downgraded to Hold from Buy at Deutsche Bank with analyst Lorraine Hutchinson stating that she expects the stock's multiple to contract due to the company's slower growth. 4. Nutanix (NTNX) downgraded to Neutral from Overweight at Piper Jaffray with analyst Andrew Nowinski citing the company's "continued execution issues," which he attributes partially to increasing competition. 5. Zuora (ZUO) downgraded to Buy from Strong Buy at Needham with analyst Scott Berg saying that the stock could be "dead money" for the next 1-2 quarters, noting that the sales issues are more concerning than the product issues and may require a change in sales leadership. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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