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

Markets & Finance

Needham Keeps Strong Buy on Cognos

Needham upgraded its estimates and maintains the strong buy rating on Cognos (COGN).

Analyst Charlie Chen says first-quarter EPS and revenue are ahead of his and the Street estimates. He noted firmer license revenue, as strong execution and a strong product cycle are driving accelerating organic license growth. Chen believes 9% first-quarter organic license growth shows market share gains.

Chen says positioning themes -- corporate performance management for integrated planning, monitoring, reporting, and enterprise reporting standardization -- is aiding sales momentum while key competitor Business Objects is distracted with the integration of recently-acquired Crystal Decisions. He upped the $1.19 fiscal 2005 (Feb) EPS estimate to $1.24, and upped the $1.40 fiscal 2006 estimate to $1.42. He has a $40 target.

blog comments powered by Disqus