QAD (QADA) reports its fiscal Q4 ’20 results after the close on Wednesday, March 18. Between a more favorable manufacturing backdrop and management’s lowered FY ’20 guidance following last quarter’s print, we believe expectations for Q4 have been appropriately set.
Read MoreIn conjunction with an announcement committing to maintenance support for SAP S/4HANA until the end of 2040, SAP also indicated that mainstream maintenance will be provided for core applications of SAP Business Suite 7 until the end of 2027 with extended maintenance available until the end of 2030.
Read MoreQAD’s (QADA) fiscal Q3 ’20 results were mixed relative to expectations, but we believe the company remains poised to reaccelerate subscription fee growth and return to margin expansion in the coming year.
Read MoreQAD (QADA) reports fiscal Q3 ’20 results on Tuesday, November 26. With the Institute for Supply Management’s Purchasing Managers Index (PMI) contracting in each month of QAD’s fiscal quarter and commentary from other reporting companies this past earnings season pointing to a soft spending environment in the automotive and manufacturing sectors, our expectations for any significant upside are tempered to say the least.
Read MoreWe are initiating coverage of QAD (QADA) with a $51.00 price target, representing a FY ’21 EV/Sales multiple of 2.5x. QAD is a vertically-focused application software provider in the midst of a transition to the cloud.
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