Get documents about "Informatica (INFA) Rebounds 38% From October Low
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Informatica shares have bounced back on investor hopes that business has stabilized
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Robert DeFrancesco’s TechStockProspector.com January 23, 2013 Informatica (INFA) Rebounds 38% From October Low NOW AVAILABLE: The January 2013 issue of Tech-Stock Prospector for your Amazon Kindle or Kindle for iPad/iPhone reading app. Here are some of the topics covered in the January 2013 issue: *The smartphone battles heat up *Apple searches for its lost momentum *Best for 2013: LinkedIn or Facebook? *There’s hope for Acme Packet *Oracle’s cloud buying binge continues *2 possible takeover targets in interactive marketing *Cornerstone OnDemand benefiting from disruption *A cloud name to watch: SPS Commerce *Intel plans IPTV service *How Fortinet can gain share in networking security *Tibco Software tries to recover from stumble *Why some big investors like Brightcove shares now *A strong debut for Ruckus Wireless IPO *New Symantec CEO is ready to make changes *Aruba Networks capitalizes on BYOD trend *Deal Report: Adobe Systems goes social Order the January 2013 issue here: http://www.amzn.com/B004T6Z0ME ------------------------------------------------------------------------------------------------------------ Stifel Nicolaus raises its Informatica (INFA, $33.04) price target to $37 from $31, saying its checks suggest the company, a provider of data-integration software, was able to stabilize some of its weakest links (mainly the EMEA region) in the December quarter. After stumbling badly in Q2 (the stock plunged nearly 28% in one session in early July after warning that revenue for the June quarter would come in well below expectations), Informatica last fall appointed new sales leaders in the U.S. and European markets. Following the sharp drop in the stock in July, we advised Tech-Stock Prospector subscribers that Informatica shares would be most attractive on a pullback into the mid $20s (see TSP #125—July 2012); at the time, the shares were trading just below $31. The stock in early October dipped to a low of $23.83. In early November, Stephen Mandel’s Lone Pine Capital disclosed a 5.2% stake in Informatica. The hedge fund said it owned 5.62 million shares, which would place it among the five largest institutional holders. As of Q3, T. Rowe Price was the #1 Informatica investor, with 14.28 million shares. *********************************************************************************** Read the latest issue of Tech-Stock Prospector on your Amazon Kindle or Kindle for iPad/iPhone reading app. Here’s the Kindle link: http://www.amzn.com/B004T6Z0ME ------------------------------------------------------------------------------------------------------ Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20 years of experience covering the tech sector. He is a former senior writer with Louis Rukeyser’s Wall Street. TechStockProspector.com, launched in 2003, is an investment-research service focused primarily on the networking, storage, security, wireless and software sectors. Annual subscription: $350. For more information or to place an order, call 800-392-0998.
