Already a Bloomberg.com user?
Sign in with the same account.
Pacific Growth keeps buy on Manugistics (MANU
Analyst John Ederer says Manugistics' positive preannouncement perhaps was somewhat prompted by negative news from Oracle after Friday's close. He says his $73.5 million Q4 revenue and $0.06 loss estimates were in line with guidance and consensus. He believes Manugistics still is executing well in the current environment, and is getting a boost from profit and revenue optimization products acquired from Talus at the end of 2000.
He says this should help the stock overcome rumors that been swirling around the company lately, namely its relationship with Ford. Ederer sees a $0.28 fiscal 2002 (Feb.) loss, and a $0.08 fiscal 2003 EPS. He has a $23 12-month target.