(PR NEWSWIRE) Credit Suisse First Boston Initiates Coverage of Vignette With Credit Suisse First Boston Initiates Coverage of Vignette With a Buy Rating
PALO ALTO, Calif., April 10 /PRNewswire/ -- The following is being issued by Credit Suisse First Boston, a member of the National Association of Securities Dealers, CRD number 816:
Credit Suisse First Boston Technology Group analyst Brent Thill initiated coverage today on Vignette (Nasdaq: VIGN) with a Buy rating and a $275 12-month price target.
Vignette is a supplier of Internet relationship management solutions for branding online businesses. Vignette's role is to provide commerce architects with Internet relationship management solutions to support the customers online. VIGN's broad e-business platform enables organizations to manage web content and serve that content to site visitors, across any Internet enabled device, based on their individual needs.
"Vignette's 4-layer secret commerce sauce i) web content management, ii) delivery, iii) personalization and iv) advanced analytics is garnering industry-wide accolades," says Thill.
"VIGN's explosive growth within the system integrator community is the strongest indication of how tasty VIGN's e-commerce recipe really is," added Thill.
Vignette's customer acquisition rate is accelerating faster than many of its e-commerce platform peers and has acquired more than 520 customers including AT&T, CBS, BMW, FedEx, Sprint, and United Airlines. |
