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Roth Capital Ups Hyperion Solutions to Buy


From Standard & Poor's Equity Research

Roth Capital upgraded Hyperion Solutions (HYSL) to buy from hold, explaining that the company reported a blow-out fourth quarter and a dramatic recovery from the third quarter's disappointment.

Analyst Nathan Schneiderman notes that $224 million revenue is $23 million above his estimate, while 48 cents pro forma earnings per share (EPS) is 5 cents ahead. He says that after years of lackluster license growth, Hyperion Solutions knocked the ball out of the park with $96 million of license fees, which were up 22% year over year. He was pleased to see broad-based strength across geographies, helped by big deals and System 9 momentum. He maintains his $1.71 fiscal year 2007 (ending June) earnings per share (EPS) estimate, which is well above the consensus, and he expects other analysts to raise their numbers. He also trims his $1.95 fiscal year 2008 estimate to $1.92. He raises his $36 stock price target to $38.


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