Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Markets & Finance

Needham Downgrades Saba Software


Needham downgraded Saba Software (SABA) to hold from buy.

Analyst Dalton Chandler says his downgrade is based on valuation. He notes shares are up 30% since last Wednesday's close, just before the company reported what he viewed as a slightly disappointing Q4. Also he notes management's lowered

revenue guidance for the second straight quarter.

While it's not surprising for an enterprise software company to offer lower guidance in the current economic environment, Chandler thinks Saba is the only one of his tech-related e-learning companies experiencing this level of difficulty. He would consider upgrading at a significantly lower valuation, or if he had a high level of confidence that this was the last downward revision.


The Aging of Abercrombie & Fitch
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus