Netezza Corporation (NZ): Shares cycle in bullish 'flag'

Filed under: Earnings reports, Analyst upgrades and downgrades, Amazon.com (AMZN), International Business Machines (IBM), Oracle Corp (ORCL), Technical Analysis, Stocks to Buy

Netezza Corporation (NYSE: NZ) provides data warehouse appliances. The company's Netezza Performance Server integrates database, server, and storage platforms in a purpose-built unit to enable detailed queries and analyses of stored data. The firm serves data-intensive enterprises in telecommunications, e-business, retailing, financial services, analytic services and healthcare. Amazon.com (NASDAQ: AMZN) is a major customer. IBM (NYSE: IBM) and Oracle (NASDAQ: ORCL) are competitors.

Netezza surprised the Street last week, when it reported Q1 EPS of three cents and revenues of $39.6 million. Analysts had been expecting two cents and $36.2 million. Management also guided FY09 revenues to $172 million, versus consensus of $166.65 million. Needham subsequently reiterated its "buy" rating on the issue.

Continue reading Netezza Corporation (NZ): Shares cycle in bullish 'flag'

Permalink | Email this | Comments

<map name="google_ad_map_145-1214197"><area href="http://imageads.googleadservices.com/pagead/imgclick/145-1214197?pos=0" shape="rect" coords="1,2,367,28" /><area href="http://services.google.com/feedback/abg" shape="rect" coords="384,10,453,23" /></map>