Meanwhile, he says the business intelligence software company is doing well fundamentally. Yesterday he increased his revenue estimate for the fiscal fourth quarter ended February to $278 million from $276 million; his EPS forecast goes to 65 cents a share from 64 cents. The company is scheduled to report results today.
Abramsky says EPS guidance for the fiscal 2008 should be above the current consensus of $2.03 a share; he sees first quarter revenue guidance of $230 million to $240 million with EPS of 32-40 cents.
Cognos yesterday was off 13 cents at $40.23.