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Enter Symbol:
SciQuest, Inc. (SQI) [hlAlert]

down 27.66 %

SciQuest, Inc. (SQI) rated Outperform by Raymond James

Posted on: Wednesday,  Nov 14, 2012  8:25 AM ET by Raymond James

Raymond James rated Outperform SciQuest, Inc. (NASDAQ: SQI) on 11/14/2012, when the stock price was $15.18. Since
then, SciQuest, Inc. has lost 27.67% as of 01/06/2016's recent price of $10.98.
If you would have followed this Raymond James's recommendation on SQI, you would have lost 27.66% of your investment in 1148 days.

SciQuest, Inc. is an on-demand strategic procurement and supplier enablement solution that integrates its customers with their suppliers. The Company?s on-demand software enables organizations to realize benefits of strategic procurement by identifying and establishing contracts with preferred suppliers, driving spend to those contracts and promoting process efficiencies through electronic transactions. Using its managed SciQuest Supplier Network, its customers do business with more than 30,000 suppliers. Its target markets include higher education, life sciences, healthcare and state and local governments. As of December 31, 2010, it served 195 customers operating in 14 countries and offered its solution in five languages and 22 currencies. In January 2011, it acquired AECsoft USA, Inc.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/14/2012 8:25 AM Buy
as of 12/31/2012
1 Week up  3.25 %
1 Month down  -2.63 %
3 Months up  4.47 %
1 YTD up  4.47 %

(*) Stock Price at the time of the recommendation.
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