I wouldn't say that the market's love affair with all things “cloud” or
collaborative is over, but having the right buzzwords is no longer an
express ticket to a high multiple. Due in part to self-inflicted wounds
that management blames on execution and investor/analyst worries about
competition, Jive Software (Nasdaq:JIVE) has dropped more than 10% over the past year and significantly underperformed its peer group.
It may be early to throw in the towel, though. The company's new sales
approach, one based on establishing real-world value for clients, is
still fresh and the company continues to have the opportunity to show
that it can offer a better collaborative platform than less focused
rivals like IBM (NYSE: IBM), Microsoft (Nasdaq:MSFT), and Salesforce.com (NYSE:CRM).
Although Jive's shares don't look very cheap on a discounted cash flow
basis, that's nothing new in the world of growing software companies and
other methodologies suggest more upside.
Continue reading here:
http://www.investopedia.com/stock-analysis/081313/jive-software-worth-closer-look-jive-msft-ibm-crm.aspx
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