Netezza (NZ) May Gain Market Share, Grow Faster Than Market In 2010

Analyst Rajesh Ghai of ThinkEquity Partners reiterates his "buy" rating on Netezza Corporation (NYSE: NZ).

According to ThinkEquity Partners, recent checks within the System Integrator community are indicating rising demand for Data Warehousing Projects and a strong traction for TwinFin, particularly in NZ's installed base. Netezza is expected to post its FQ4 2010 results ahead of the consensus expectations.

“We remain optimistic about demand trends in CY10 and NZ's ability to benefit disproportionately given, in our view, its superior product positioning… We believe that as enterprises begin to contemplate growth initiatives, spending on data warehousing is likely to make a strong return to the top of IT spending priority lists in CY10. Given NZ has arguably the two most compelling products (TwinFin and Skimmer) in the market, we believe NZ has the ability to gain share and grow faster than market growth in CY10,” the analyst says.