Analysts Release Ratings and Share Price Targets for These Tech Companies

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage in the Technology sector for the week ending November 18th, 2011.

  • Sourcefire (NASDAQ:FIRE): Miller Tabak initiated coverage of this company with a rating of Buy and a price target of $42 on Nov 14th. The shares recently traded at $30.95, down $1.23, or 3.82% since the analyst’s rating. About the company: Sourcefire Inc. provides real-time network defense solutions. The Company’s solutions encompass hardware and web-based Analysis Interface for real-time and forensic reporting and analysis. Get the most recent company news and stock data here >>
  • TIBCO Software (NASDAQ:TIBX): JMP Securities initiated coverage of this company with a rating of Mkt Outperform and a price target of $33 on Nov 15th. The shares recently traded at $27.47, down $3.15, or 10.29% since the analyst’s rating. About the company: TIBCO Software Inc. provides electronic business infrastructure software products that enable business-to-business, business-to-consumer, and business-to-employee solutions. The Company’s software products enable businesses to link internal operations, business partners, and customer channels in real time. Get the most recent company news and stock data here >>
  • Teradata (NYSE:TDC): JMP Securities initiated coverage of this company with a rating of Mkt Outperform and a price target of $63 on Nov 15th. The shares recently traded at $51.27, down $5.57, or 9.8% since the analyst’s rating. About the company: Teradata Corporation provides data warehousing solutions, including enterprise analytic technologies and services. The Company’s data warehousing solutions are comprised of software, hardware, and related business consulting and support services. Get the most recent company news and stock data here >>
  • Quest Software (NASDAQ:QSFT): JMP Securities initiated coverage of this company with a rating of Mkt Perform on Nov 15th. The shares recently traded at $17.62, down $1.62, or 8.42% since the analyst’s rating. About the company: Quest Software, Inc. provides application and information availability software solutions. The Company’s products enhance the performance and reliability of an organization’s e-business, packaged and custom applications, as well as enable the delivery of information across the extended enterprise. Get the most recent company news and stock data here >>
  • Qlik Tech (NASDAQ:QLIK): JMP Securities initiated coverage of this company with a rating of Mkt Outperform and a price target of $35 on Nov 15th. The shares recently traded at $26.60, down $4.26, or 13.8% since the analyst’s rating. About the company: QLIK Technologies Inc. develops business intelligence solutions. The Company’s software platform combines enterprise-class analytics and search functionality into a single platform. Get the most recent company news and stock data here >>
  • Progress Software (NASDAQ:PRGS): JMP Securities initiated coverage of this company with a rating of Mkt Perform on Nov 15th. The shares recently traded at $20.27, down $0.94, or 4.43% since the analyst’s rating. About the company: Progress Software Corporation develops, markets, and distributes application development, deployment, and integration software to business, industry, and government worldwide. The Company’s products include databases, application servers, messaging servers, and development tools for Internet/Web, extranet, and intranet applications as well as for client/server and host applications. Get the most recent company news and stock data here >>
  • MicroStrategy (NASDAQ:MSTR): JMP Securities initiated coverage of this company with a rating of Mkt Outperform and a price target of $140 on Nov 15th. The shares recently traded at $122.11, down $10.83, or 8.15% since the analyst’s rating. About the company: MicroStrategy Incorporated provides business intelligence software and related services. The Company’s technology platform enables departments and enterprises to deploy Web-based reporting and analysis solutions. MicroStrategy also offers consulting, training, and support services. Solutions are provided to retail, finance, telecommunications, insurance, dot-com, and healthcare industries. Get the most recent company news and stock data here >>
  • Immersion Corp (NASDAQ:IMMR): GARP Research initiated coverage of this company with a rating of Buy on Nov 15th. The shares recently traded at $5.69, up $0.29, or 5.37% since the analyst’s rating. About the company: Immersion Corporation develops and licenses hardware and software technologies that enable users to interact with computers using their sense of touch. The Company’s patented TouchSense technologies enable computer peripheral devices to deliver tactile sensations that correspond to on-screen events. Get the most recent company news and stock data here >>
  • Akamai Tech (NASDAQ:AKAM): JMP Securities initiated coverage of this company with a rating of Mkt Outperform and a price target of $36 on Nov 16th. The shares recently traded at $27.33, down $1.55, or 5.37% since the analyst’s rating. About the company: Akamai Technologies, Inc. provides global delivery services for Internet content, streaming media, and applications and global Internet traffic management. The Company uses technology and software based on mathematical formulas and algorithms to monitor Internet traffic patterns. Get the most recent company news and stock data here >>
  • TIBCO Software (NASDAQ:TIBX): BMO Capital Markets initiated coverage of this company with a rating of Market Perform and a price target of $33 on Nov 16th. The shares recently traded at $27.47, down $2.31, or 7.76% since the analyst’s rating. About the company: TIBCO Software Inc. provides electronic business infrastructure software products that enable business-to-business, business-to-consumer, and business-to-employee solutions. The Company’s software products enable businesses to link internal operations, business partners, and customer channels in real time. 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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