Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

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

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

SoundView Upgrades Mercury Interactive


SoundView upgraded Mercury Interactive (MERQ) to outperform from neutral.

On Monday Mercury announced the completion of its acquisition of Kintana. Analyst Greg Kleiner says the Kintana acquisition, and other strategic moves, have largely addressed product-related concerns. He says industry checks indicate IBM's moves in the testing space will be further out, and have less of an impact on Mercury Interactive than he initially thought.

Kleiner notes recent underperformance increases Mercury Interactive's attractiveness. He raised the 94 cents 2003 earnings per share estimate to 95 cents, and raised the $1.16 2004 earnings per share estimate to $1.20. Also, Kleiner says these estimates could prove conservative as momentum at Kintana continues. He raised his $41 target to $48.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus