Outlook For Websense, Inc. (WBSN)

Investment firm, Craig-Hallum released a research report on Websense Inc. (NASDAQ: WBSN) today. Yesterday, Websense released Q4 and full year 2009 results. Q4 non-GAAP revenue came in at $82.5 million which missed Craig-Hallum's $85.2 million estimate. Adjusted EPS was $0.26 which was in line with estimates. The firm said that they are forecasting 6% year over year billings growth at Websense.

At the conclusion of the report, the analyst states that "we are maintaining our Buy rating and our $23 price target. Our $23 target is based on 17x full year adjusted EPS of $1.36." Websense (WBSN) shares are up 0.36% today to $19.46. Volume has been heavier than average.