Markets & Finance

JP Morgan Upgrades MapInfo


JP Morgan upgrades MapInfo Corp (MAPS) to overweight from neutral.

Analyst Paul Coster believes the stock is undervalued. He says MapInfo is the leading global supplier of location intelligence solutions. He notes it entered fiscal 2005 (Sept.) with more diversified business, new products, and expanding addressable markets.

He sees 23% sales growth in fiscal 2005, or about 12% exclcluding its Southbank acquisition, with an upside assuming MapInfo realizes cross-selling synergies from both Southbank and Thompson Associates.

Coster says he's a penny ahead of the fiscal 2005 earnings-per-share consensus at 45 cents, on sales of $153.4 million. He notes the company has met or beat consensus expectations in each of last eight quarters.


Coke's Big Fat Problem
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus