) to outperform from neutral.
Analyst John Rizzuto believes Altiris is in a position to meet or beat consensus, and is trading at valuation multiples below peers despite its attractive growth profile and market opportunity. Rizzuto notes the company's business is driven by the ability of its solutions to reduce the cost of owning technology. He thinks Altiris has a significant technology lead. While larger vendors are entering the market, he believes Altiris can maintain or expand its market position over the next 12 months on back of its new product cycle and expanding partner network.
Rizzuto raised the 80 cents 2004 earnings per share estimate to 82 cents, and upped the $1.02 2005 estimate to $1.03. He also raised the $27 target to $30.