NetSuite Inc (N) was Initiated by BMO Capital Markets to “Market Perform” and the brokerage firm has set the Price Target at $90. BMO Capital Markets advised their investors in a research report released on Jun 15, 2016.
Many Wall Street Analysts have commented on NetSuite Inc. BMO Capital Markets Initiated NetSuite Inc on Jun 15, 2016 to “Market Perform”, Price Target of the shares are set at $90.Goldman Initiated NetSuite Inc on May 23, 2016 to “Sell”, Price Target of the shares are set at $68.Company shares were Reiterated by SunTrust on May 18, 2016 to “Neutral”, Firm has raised the Price Target to $ 70 from a previous price target of $67 .
On the company’s financial health, NetSuite Inc reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.03. The company had revenue of $216.60 million for the quarter, compared to analysts expectations of $213.37 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.
NetSuite Inc closed down -1.42 points or -1.80% at $77.41 with 9,46,759 shares getting traded on Tuesday. Post opening the session at $78.81, the shares hit an intraday low of $76.77 and an intraday high of $78.98 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Jun 14, 2016, Michael Forman (SVP, Global Controller) sold 357 shares at $82.90 per share price. According to the SEC, on Jun 10, 2016, Douglas P. Solomon (SVP, General Counsel & Sec) sold 1,000 shares at $85.00 per share price. On Jun 8, 2016, Evan Goldberg (CTO & Chairman of the Board) sold 3,081 shares at $83.39 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 Companys 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 Companys technology platform. It delivers its applications over the Internet as a subscription service using the software-as-a-service (SaaS) model.