As the deadline for NetSuite Inc
As several analysts have already
On a standalone basis, the brokerage cited the two straight quarterly misses and the uncertainty in acquisition, which could weaken the billings. The firm is worried about the miss in subscription revenue in the last two quarters. Furthermore, it pointing out that the company would not be able to meet its previous forecast for the full year.
As a result, the valuation would be standardized for NetSuite on a standalone basis. “We think that investors need to begin considering valuation levels for NetSuite should the deal collapse. In this report, we have provided an in-depth sensitivity analysis on potential share prices for a stand-alone NetSuite relative to a given EV/Sales multiple and level of revenue growth. Given the current comp situation, our high-level analysis seems to indicate a potential range of $60–80,” Barclays said in a research note.
At last check, NetSuite shares traded down 0.22 percent to $88.96 while Oracle stock had gained 0.76 percent on the day to $38.37.
|Oct 2016||DA Davidson||Downgrades||Buy||Neutral|
|Aug 2016||SunTrust Robinson Humphrey||Downgrades||Buy||Neutral|
|Aug 2016||MKM Partners||Downgrades||Buy||Neutral|
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