Netsuite Inc Common Stock (NYSE:N):
NetSuite Announces SuiteCloud Development Framework.
The company is so far trading up from yesterday’s close of $109.83.
Company chares are trading at $110.17 marginally over the 50 day moving average which is $109.12 and a bit higher than the 200 day moving average of $86.29. The 50 day moving average was up by +0.96% and the 200 day average moved up $23.88.
As of the latest earnings report the EPS was $-1.72 and is expected to be $0.49 for the current year with 80,928,000 shares now outstanding. Next quarter’s EPS is estimated at $0.18 with next year’s EPS projected to be $0.71.
Brokerage firms have issued ratings on Netsuite Inc Common Stock. On July 29 the stock rating was upgraded from “Underperform” to “Neutral” and a price target of $90.00 was set by Raymond James. Equity analyst RBC Capital lowered the price target and downgraded the stock on July 29 cutting the price target from $110.00 to $90.00 and altering the rating from “Outperform” to “Neutral”.
On July 29 Nomura left the stock rating at “Neutral” but lowered the price target from $100.00 to $90.00. On July 29 the company was downgraded to “Neutral” from “Buy” with a current price target of $90.00 in a report from Deutsche Bank.
JP Morgan downgraded the stock and raised the price target on July 29 changing the price target from $89.00 to $90.00 and moving the rating from “Overweight” to “Neutral”. On July 29 the company was downgraded to “Neutral” from “Outperform” with a current price target of $90.00 by analysts at RBC Capital.