Bloomberg the Company

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

Follow Us

Industry Products

Markets & Finance

CIBC World Ups i2 Technologies to Sector Outperform


From Standard & Poor's Equity Research

CIBC World upgraded i2 Technologies (ITWO) to sector outperform from sector perform, after the company posted quarterly results.

Analyst Brad Reback believes second quarter results demonstrate that i2 Technologies, with its new platform, is effectively re-engaging with its installed base and new customers. He notes that management is very optimistic regarding future opportunities, and aggressively adding to its salesforce. He says second quarter software bookings of $14.9 million are up 70% year over year. He believes i2 Technologies is an intriguing idea for small-cap investors focused on companies with growing recurring revenue streams. He also set a $20 stock price target.


The Aging of Abercrombie & Fitch
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus