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Friday, Jul 27
2012, 2:17 PM
Cloud ERP software vendor NetSuite (N +17.5%) soars to all-time highs after beating Q2...
Cloud ERP software vendor NetSuite (N +17.5%) soars to all-time highs after beating Q2 estimates, and guiding on its earnings call for 2012 revenue of $300M-$305M and EPS of $0.21-$0.22 (consensus is for $300.2M and $0.21). Deferred revenue rose 8% Q/Q and 38% Y/Y to $130M, and the company's average deal size rose 29% Y/Y to over $50K. Canaccord is reiterating a Hold due to NetSuite's steep valuation. CRM +6.4%. CSOD +4.1%. KNXA +5.9%.