Netsuite Inc Common Stock (NYSE:N):
Cloud Technology Enables Australian Businesses To Capitalise On Globalisation Opportunities.
The company is now up since yesterday’s close of $109.83.
Shares last traded at $110.17 a tad above $109.12, the 50 day moving average and slightly over the 200 day moving average of $86.29. The 50 day moving average was up $1.05 and the 200 day average went up by +27.68%.
As of the latest earnings report the EPS was $-1.72 and is estimated to be $0.49 for the current year with 80,928,000 shares outstanding. Next quarter’s EPS is estimated at $0.18 and the next full year EPS is anticipated to be $0.71.
A few analysts have released ratings on the company of late. On July 29 the stock rating was downgraded from “Overweight” to “Neutral” with a current price target of $90.00 by JP Morgan. Morgan Stanley upgraded the stock and raised the price target on July 29 changing the price target from $67.00 to $90.00 and moving the rating from “Underweight” to “Neutral”.
On July 29 the company was downgraded to “Neutral” from “Buy” and a price target of $90.00 was set in a report from Canaccord Genuity. Equity analyst Goldman Sachs both upgraded the stock and raised the price target on July 29 changing the price objective from $68.00 to $90.00 and raising the rating from “Sell” to “Neutral”.
On July 29 the company was upgraded to “Neutral” from “Underweight” with a current price target of $90.00 in a report issued by Morgan Stanley. On July 29 the company was upgraded to “Neutral” from “Sell” with a current price target of $90.00 by analysts at Goldman Sachs.