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NetSuite (N +2.6%) rallies on an upgrade to Buy from Lazard, which sees the cloud business...

NetSuite (N +2.6%) rallies on an upgrade to Buy from Lazard, which sees the cloud business app/e-commerce software maker's sales investments translating into additional "beat and raise" quarters. Goldman downgraded NetSuite last Friday on valuation grounds. Q4 results are due on Jan. 31.
Comments (2)
  • "Beat and Raise" quarters with Non-GAAP earnings is as easy to do as being a hack analyst from Lazard.

     

    "Pay no attention to the fundamentals behind the curtain! P/S and GAAP profits do not matter as long as I say so!"
    23 Jan 2013, 01:02 PM Reply Like
  • Yeah, five days (and just one business day) after Goldman downgraded N to neutral and pulled it off its Conviction Buy list, citing valuation, Lazard is going the other way. This on a stock with a F P/E of 219.68! Lazard's willingness to push N which has a F P/E of 219.68, strongly reminds me of Akman's and Einhorn's self-interested efforts to sour investor's on HLF, which both had been heavily shorting.
    23 Jan 2013, 03:57 PM Reply Like
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