Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Robbie Stephens Downgrades Ariba

Ariba (ARBA) lowered Q2 guidance. Robertson Stephens downgraded its investment rating on the shares to market perform.

Analyst Eric Upin says the company missed recently published estimates by 43% on the top line, and $0.23 per share on the bottom line. Of equal significance, Ariba announced termination of its pending merger with Agile. With workforce cuts, Upin believes the company will face significant execution and organizational stability challenges.

The analyst cut his $0.18 fiscal 2001 (Sep.) EPS estimate to a $0.35 loss and his $0.38 EPS forecast for fiscal 2002 to to $0.01 EPS; he adds that his new estimates may prove aggressive. Although most of the risk is already priced into the stock, Upin believes the pre-announcement sheds additional light on the fundamental deterioration in Ariba's core business and its market opportunity.

blog comments powered by Disqus