Analysts Downgrade These Tech Companies in December: SPSC, ULTI, SFSF, FTNT, WFR

Wall St. Watchdog reveals information about companies for which stock analysts downgraded shares in the Technology sector for the week ending December 9th, 2011.

  • SPS Commerce (NASDAQ:SPSC): Canaccord Genuity downgraded its rating on this company from Buy to Hold on Dec 5th. The shares recently traded at $25.27, up $1.97, or 8.45% since the analyst’s rating. About the company: SPS Commerce Inc provides on-demand supply chain management solutions through an online hosted software suite. The Company uses pre-built integrations to eliminate on-premise software and support staff to shorten supply cycle times, optimize inventory levels and reduce costs. Get the most recent company news and stock data here >>
  • Ultimate Software (NASDAQ:ULTI): Canaccord Genuity downgraded its rating on this company from Buy to Hold on Dec 5th. The shares recently traded at $69.56, up $0.87, or 1.27% since the analyst’s rating. About the company: The Ultimate Software Group, Inc. designs, markets, implements, and supports Web-based and client/server cross-industry human resource management (HRMS) and payroll software solutions. The Company’s solutions are marketed primarily to middle-market organizations. Ultimate’s products automate HRMS/payroll functions and are enabling tools in the management of the employee life cycle. Get the most recent company news and stock data here >>
  • SuccessFactors (NASDAQ:SFSF): Stifel Nicolaus downgraded its rating on this company from Buy to Hold. Morgan Keegan downgraded its rating on this company from Outperform to Mkt Perform and changed its price target to $40. FBR Capital downgraded its rating on this company from Outperform to Mkt Perform on Dec 5th. The shares recently traded at $39.88, up $0.13, or 0.33% since the analyst’s rating. About the company: SuccessFactors, Inc. provides on-demand performance and employee software solutions to help organizations optimize their performance. Get the most recent company news and stock data here >>
  • Fortinet (NASDAQ:FTNT): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $27 on Dec 6th. The shares recently traded at $23.95, down $0.62, or 2.52% since the analyst’s rating. About the company: Fortinet Inc. provides network security solutions. The Company offers network security appliances and related software, and subscription services. Fortinet systems integrate the industry’s broadest suite of security technologies, including firewall, VPN, antivirus, intrusion prevention (NYSE:IPS), Web filtering, antispam, and traffic shaping. Get the most recent company news and stock data here >>
  • MEMC Elec (NYSE:WFR): Wunderlich downgraded its rating on this company from Buy to Sell and changed its price target from $11 to $3 on Dec 8th. The shares recently traded at $4.11, down $0.09, or 2.14% since the analyst’s rating. About the company: MEMC Electronic Materials, Inc. produces silicon wafers. The Company’s products are used in computers, telecommunications equipment, automobiles, consumer electronics products, industrial automation and control systems, and analytical and defense systems. MEMC operates manufacturing facilities in Italy, Japan, Malaysia, South Korea, Taiwan, and the United States. Get the most recent company news and stock data here >>
  • THQ Inc (NASDAQ:THQI): Brean Murray downgraded its rating on this company from Buy to Hold on Dec 8th. About the company: THQ Inc. develops, publishes, and distributes interactive entertainment software worldwide. The Company’s products are used in a variety of hardware platforms in the home video game market, including personal computers, Nintendo, and PlayStation. THQ’s products are primarily based on licenses from popular sports, movies, and arcade games. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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