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Morgan Stanley analysts view data analytics and lower cost/higher performance for Netezza Corp. (NYSE:NZ) as a highly strategic area of IT, which is not fully reflected in the bank's current valuation. Analysts Kathryn Huberty and Jerry Y. Liu said, ""Netezza reported 18% better revenue and $0.03 better July quarter EPS than we modeled. Linear revenue through the quarter drove improved DSOs and cash flow. Management is confident in its growing customer base, strong deal pipeline, and improving execution in International markets - all of which support increased CY10 guidance of 30% revenue growth (from 20% previously). Strong new customer wins and product revenue momentum lead us to shift our forecast towards our prior bull case view of 35%+ CY10e revenue growth and $18.50 price target."" The bank sees fiscal 2010 EPS of $0.18 and fiscal 2011 EPS of $0.43.
From: TradeTheTrend
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