Zacks Analyst Blog Highlights: Lawson Software, Oracle, SAP, JDA Software and Microsoft

Business Wire,  June 18, 2008  

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CHICAGO -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Lawson Software, Inc. (Nasdaq: LWSN), Oracle Corporation (Nasdaq: ORCL), SAP (NYSE: SAP), JDA Software Group, Inc. (Nasdaq: JDAS) and Microsoft (Nasdaq: MSFT).

See the latest posts to the Analyst Blog:

http://www.zacks.com/blog/post_info.html?g=6

Here are highlights from Tuesday's Analyst Blog:

LWSN May See MSFT Competition

Lawson Software, Inc. (Nasdaq: LWSN) is a leading provider of enterprise resource planning (ERP) software solutions and professional services to mid-market enterprises in the health care, retail, public and professional service industries. The company reported revenues of $212.9 million in Q3:FY08, missing our estimate of $218 million while non-GAAP EPS of $0.08 came in line with our expectations. We maintain our Hold rating on the shares.

Lawson operates in a highly competitive market dominated by large players such as Oracle Corporation (Nasdaq: ORCL) and SAP (NYSE: SAP) in health care; and JDA Software Group, Inc. (Nasdaq: JDAS) SAP and others in retail. Given the consolidation in the industry, we worry that as Lawson's major competitors are increasing in size they are becoming more formidable. Moreover, Microsoft (Nasdaq: MSFT) has entered the low end of the ERP market, and may move up-market by targeting Lawson's core segments.

Lawson's shares currently trade at 23.1 times our FY2008 EPS estimate. We have adjusted our revenue and EPS estimates for Q4 and FY2008. Consequently, we have also lowered our target price to $10.00 from $11.00, which is 29.4 times our FY2008 EPS estimate and 20.0 times our FY2009 EPS estimate.

Get the full analysis of all these stocks by going to http://at.zacks.com/?id=2649.

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