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

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

First Albany Downgrades Cognos


First Albany downgrades software company Cognos Inc. (COGN) to neutral.

Analyst Mark Murphy says preannounced first-quarter figures fall below consensus estimates of $208 million revenue and 25 cents earnings per share.

He says on a conference call, management indicated license revenues will be approximately $70 million, vs. $81 million consensus, representing 6% year-on-year growth. He notes this is the first time Cognos has missed revenue guidance in years, and the first time earnings growth has flattened out in years.

Murphy is moving forward and notes the company faces progressively more difficult license revenue growth comparisons for next three quarters. He maintains $1.61 fiscal 2006 (ending February) earnings per share and $1.84 fiscal 2007 estimates. He remains optimistic on the long-term outlook for Cognos.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus