Eric Savitz (Barron's) submits: Piper Jaffray’s Mark Murphy today launched coverage of NetSuite (N) with a Sell rating and a $14 price target, well below the current level. Murphy’s thesis is that customers are not that happy with the on-demand business software provider’s offerings. “We believe the market has yet to include the potential financial consequences of what we believe to be lower customer satisfaction levels than the broader On Demand industry,” he writes. “While we think our estimates are achievable, there is potential downside risk to our long-term cash flow forecasts if customer concerns are not addressed.” Complete Story » ...
Anytime
Eric Savitz (Barron's) submits: Piper Jaffray’s Mark Murphy today launched coverage of NetSuite (N) with a Sell rating and a $14 price target, well below the current level. Murphy’s thesis is that customers are not that happy with the on-demand business software provider’s offerings. “We believe the market has yet to include the potential financial consequences of what we believe to be lower customer satisfaction levels than the broader On Demand industry,” he writes. “While we think our estimates are achievable, there is potential downside risk to our long-term cash flow forecasts if customer concerns are not addressed.” Complete Story » ...