Broadpoint Reiterates Buy Rating On SuccessFactors (SFSF)

Broadpoint.AmTech released a research report today in which they reiterated their Buy recommendation on shares of SuccessFactors (NASDAQ: SFSF). The firm has a $19 price target on the stock. SuccessFactors (SFSF) reports earnings tomorrow. Broadpoint is looking for upside to consensus revenue and EPS estimates, but said they think full year guidance will be conservative.

Broadpoint is looking for quarterly revenue of $39.7 million and earnings per share of a penny. Shares of SFSF are under pressure today, falling 4% to $15.83.

According to Google Finance, "SuccessFactors, Inc. (SFSF) is a provider of on-demand performance and talent management software solutions."