Tag: Catamaran

  • Tech Sector New Lows: Gigamon (NYSE:GIMO),Catamaran (NASDAQ:CTRX), Neustar (NYSE:NSR), Varonis Systems Inc (NASDAQ:VRNS)

    On April 7, 2014, Gigamon Inc (NYSE:GIMO) reduced its first quarter revenue guidance to $31M-$31.5M from its previous outlook of $34M-$35M. Prior to the Company’s warning, analysts’ consensus revenue estimate was $34.8M. Gigamon stated that the lowered revenue guidance was due to an expected transaction from an existing customer that did not materialize. Gigamon Inc (NYSE:GIMO) shares after opening at $19.95 moved to $20.01 on last trade day and at the end of the day closed at $17.31. Company price to sales ratio in past twelve months was calculated as 3.93 and price to cash ratio as 3.99. Gigamon Inc (NYSE:GIMO) showed a negative weekly performance of -45.08%.

    Research analysts at Jefferies Group reduced their target price on shares of Catamaran Corp (NASDAQ:CTRX) from $70.00 to $58.00 in a report released on Monday, AR Network reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price points to a potential upside of 27.87% from the stock’s previous close. Catamaran Corp (USA)(NASDAQ:CTRX) shares fell -0.96% in last trading session and ended the day on $41.28. CTRX return on equity ratio is recorded as 5.50% and its return on assets is 3.50%.Catamaran Corp (USA)(NASDAQ:CTRX) yearly performance is -23.14%.

    Neustar Inc (NYSE:NSR) has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of NeuStar from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $34.40 price target on the stock. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of NeuStar in a research note on Thursday, January 30th. Finally, analysts at Robert W. Baird downgraded shares of NeuStar from an “outperform” rating to a “neutral” rating in a research note on Thursday, January 30th. They now have a $36.00 price target on the stock, down previously from $58.00. Neustar Inc (NYSE:NSR) shares moved down -4.12% in last trading session and was closed at $28.84, while trading in range of $28.70 – 30.10. Neustar Inc (NYSE:NSR) year to date (YTD) performance is -42.16%.

    Varonis Systems Inc (NASDAQ:VRNS) Systems is now covered by analysts at Barclays. They set an “equal weight” rating and a $42.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call. Varonis Systems Inc (NASDAQ:VRNS) weekly performance is -27.86%. On last trading day company shares ended up $26.67. Varonis Systems Inc (NASDAQ:VRNS) distance from 50-day simple moving average (SMA50) is -30.40%. Analysts mean target price for the company is $46.25.