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Stock Market & Financial Investment News

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May 15, 2014
14:10 EDTSQISciQuest risk/reward ratio attractive, says Barrington
After SciQuest reported lower than expected Q1 revenue and reduced its 2014 guidance, Barrington says that the guidance reduction was partly due to the company's decision to assume that its sales would take a couple more months than average to close. The firm says that closing large contracts can be lumpy, but it continues to like the company's products and technology, and it thinks the company's appeal as a takeover target has increased. It keeps an Outperform rating.
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