Mitsubishi Initiates Coverage on NetSuite Inc to Buy

Mitsubishi Initiates Coverage on NetSuite Inc(NYSE:N). The shares have been rated Buy. The rating by Mitsubishi was issued on Apr 12, 2016.

In a different note, On Apr 1, 2016, Piper Jaffray said it Assumes its rating on NetSuite Inc. The shares have been rated ‘Neutral’ by the firm. On Feb 10, 2016, Barclays said it Maintains its rating on NetSuite Inc. In the research note, the firm Lowers the price-target to $97.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jan 29, 2016, Canaccord Genuity said it Upgrades its rating on NetSuite Inc. The shares have been rated ‘Buy’ by the firm. On Jan 26, 2016, Bank of America said it Downgrades its rating on NetSuite Inc. According to the research note, Bank of America Lowers the price target to $80 per share from a prior target of $95. The shares have been rated ‘Underperform’ by the firm. On Jan 25, 2016, Stephens Inc said it Downgrades its rating on NetSuite Inc. The shares have been rated ‘Equal-weight’ by the firm.

NetSuite Inc (N) made into the market gainers list on Fridays trading session with the shares advancing 0.43% or 0.31 points. Due to strong positive momentum, the stock ended at $71.75, which is also near the day’s high of $71.83. The stock began the session at $71.41 and the volume stood at 6,80,623 shares. The 52-week high of the shares is $102.46 and the 52 week low is $51.75. The company has a current market capitalization of $5,739 M and it has 7,99,83,660 shares in outstanding.

NetSuite Inc(N) last announced its earnings results on Jan 28, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $206.23M. Analysts had an estimated revenue of $204.63M. Earnings per share were $0.05. Analysts had estimated an EPS of $0.04.

Several Insider Transactions has been reported to the SEC. On Apr 6, 2016, Douglas P. Solomon (SVP, General Counsel & Sec) sold 4,741 shares at $70.00 per share price.Also, On Apr 6, 2016, Ronald S Gill (Chief Financial Officer) sold 10,850 shares at $70.00 per share price.On Apr 4, 2016, Delbert Tschakert (director) sold 12,500 shares at $4.05 per share price, according to the Form-4 filing with the securities and exchange commission.

NetSuite Inc. (NetSuite) is a provider of cloud-based financials enterprise resource planning (ERP) and omnichannel commerce software suites. The Company’s offerings include NetSuite NetSuite OneWorld NetSuite CRM+ NetSuite OpenAir PSA SuiteCommerce NetSuite POS TribeHR LightCMS Add-On Modules NetSuite Industry Editions and SuiteCloud Platform. Its main offering is NetSuite which provides core business management capabilities. NetSuite OneWorld and NetSuite CRM+ are designed for use by most types of businesses. NetSuite OpenAir (OpenAir) PSA is for professional services businesses. SuiteCommerce enables businesses to move from standalone transactional channels to an integrated commerce solution. NetSuite POS is a point-of-sale solution. TribeHR is a HCM solution. LightCMS is a Web-based software platform. SuiteCloud is the Company’s technology platform. It delivers its applications over the Internet as a subscription service using the software-as-a-service (SaaS) model.

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