Could we finally be seeing a turn in sentiment for HYSL? It's been a long year since the merger, with the stock losing over 60+%. Finally, yesterday, an analyst actually UPGRADED the stock:
Princeton, New Jersey, Sept. 1 (Bloomberg Data) -- Hyperion Solutions Corp. (HYSL US) was raised to ''accumulate'' from ''neutral'' by analysts Mark Murphy and Robert Tholemeier at First Albany Corp.
And bloomberg picked up on the strong day:
Hyperion Shares Rise 20 Percent on Forecast for Boost in Sales
Sunnyvale, California, Sept. 1 (Bloomberg) - Hyperion Solutions Corp. shares rose more than 20 percent after analysts forecast increased sales of the company's software, which allows businesses to analyze internal and customer data.
The shares rose 3 3/16 to 18 1/2 on trading of almost 1 million shares, about three times the three-month daily average. Hyperion, based in Sunnyvale, California, develops and sells software allowing companies to build computer programs to analyze data like sales results and payroll information.
The market for so-called ''online analytic processing'' programs, which make up about half of Hyperion's sales, is forecast to grow at a rate of almost 44 percent a year for the next five years, according to International Data Corp., which provides computer industry research and analysis. ''People are doing analysis of their data in ever-increasing amounts, and are making more of their business decisions based on what computers are telling them to do,'' said First Albany analyst Robert Tholemeier, who raised his rating on the company to ''accumulate'' from ''neutral'' today.
The growth rate for ''custom analytical applications,'' another Hyperion product that accounts for about half of the company's sales, is forecast to grow by 28 percent a year for the next five years, IDC said. ''We've seen this kind of strong growth recently among products that give companies the ability, not just to automate routine operations, but to optimize them,'' said IDC analyst Henry Morris.
NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min
And again today, with the market down significantly, HYSL held on to its meager gain.
Let's hope the Q1 numbers back up this and that visibility into 2000 increases. If that happens, and the company can straighten out/stabilize its upper management, then the stock should gain some support once again.
Many if's, but it's a glimmer of sunlight.
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