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Enter Symbol:
 
PAR Technology Corp. (PAR) [hlAlert]

Rating:
Buy PAR
down 44.04 %

3PAR INC (PAR) rated Buy with price target $11 by Needham

Posted on: Wednesday,  May 13, 2009  8:25 AM ET by Needham

Needham rated Buy PAR Technology Corp. (NYSE: PAR) on 05/13/2009, when the stock price was $8.15. Since
then, PAR Technology Corp. has lost 44.05% as of 08/26/2015's recent price of $4.56.
If you would have followed this Needham's recommendation on PAR, you would have lost 44.04% of your investment in 2296 days.

3PAR Inc. is a provider of utility storage for mid-sized to large enterprises, financial services firms, cloud computing service providers, consumer-oriented Internet/Web 2.0 companies and government entities. The Company?s customers include organizations that generate and retain data use enterprise-level storage systems, such as the Company?s for storing, protecting, and recovering electronic information in the form of digital data. Its target customers are primarily organizations, including external service providers (MSPs and HaaS/SaaS providers) and internal service bureaus (information technology (IT) organizations within enterprises and government agencies). As of March 31, 2009, the Company had sold over 1,200 utility storage systems to more than 500 mid-sized to large enterprises, financial services firms, cloud computing service providers, consumer-oriented Internet/Web 2.0 companies and government entities worldwide.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/13/2009 8:25 AM Buy
None
8.15 11.00
as of 12/31/2009
1 Week down  -43.57 %
1 Month down  -43.41 %
3 Months down  -47.41 %
1 YTD down  -28.83 %

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