UNFY Dutton Associates Announces Investment Opinion: Unify Speculative Strong Buy Rating in Updated Coverage by Dutton Associates: "UNFY Dutton Associates Announces Investment Opinion: Unify Speculative Strong Buy Rating in Updated Coverage by Dutton Associates
NOTE TO EDITORS: The following is an investment opinion issued
by Dutton Associates
EL DORADO HILLS, Calif.--(BUSINESS WIRE)--July 6, 2005--Dutton Associates continues its coverage of Unify Corporation (OTCBB:UNFY) raising its rating to Strong Speculative Buy rating and a lower $.65 price target. The 9-page report by Dutton senior analyst Rafael Kapelinski is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Multex, and other leading financial portals.
Unify Corporation's results came in below our expectations due to a decrease in NXJ revenues and lower-than-expected first-time revenue contribution from the applications franchise. License revenues decreased by 15% over the previous quarter ($1.26 million), while service revenue increased by 1% ($1.52 million) sequentially. Total revenues came in at $2.77 million (-7.2% sequentially) and EPS was $(0.03) vs. our expectations of $3.5 million and $(0.01) respectively. The recent Acuitrek acquisition is clearly beginning to bear fruit. In contrast, and in spite of the early promise, Unify's management has effectively shut the retail commerce division down. The decision was precipitated by Oracle's recent acquisition of Retek and the anticipated deterioration of the competitive environment in the software retail segment in general. We set a new price target of $0.65 per share (1.4x 2006 sales). Unify continues to trade at a discount to the selected small-cap enterprise software peers "
Otcbb News and Informatuion About the OTCBB trading platform, and listing information.
Penny Stocks Trading Information Learn about how penny stocks generally trade, and how to avoid the big mistake.
Pink Sheets Listing, and Trading Information Learn about the Pink Sheets, and how they can help your company move forward.
Our Investor Relations team has the tools to support your IR needs Try our Investor Relations team IR
UNFY Information, Stock Tips, Stock Picks, Investing Online, Day Trading News, Charts, and More on UNFY
# posted by penny stocks @ 5:09 PM
