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RW Baird Downgrades Agile Software Rating


RW Baird downgraded Agile Software (AGIL) to market perform.

Analyst Patrick Snell says he downgraded given the continued challenges in the company's core customer base of electronics/high-tech companies, and the Programmable Logic Memory (PLM) market. He notes as of Jan. 31, Agile had just under $6 per share in cash creating a floor.

Snell sees a lack of near term catalysts. He notes the company also is in the early stages of diversifying its business model. He thinks Agile is positioned to bounce back from a challenging 2001; and adds that the upgraded and replaced salesforce's pipeline now is accelerating.


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