The well respected Credit Suisse initiated coverage on WebEx (WEBX) with a neutral rating and a $50 price target.
Research Analysts, Jason Maynard and Bryan McGrath agree that, "WebEx is the premier player in the Web conferencing and collaboration market. In our opinion, the company boasts a vastly superior technology delivery platform and a pure On demand model."
Key advantages for WebEx:
- Tremendous market growth opportunities
- Pure On Demand Model
- Differentiated Technology Platform
" The WebEx MediaTone Network was built on more than $180 million in R&D investment, runs on 37 global clusters, and delivers five 9s reliability. This piece of technology would be extremely difficult to replicate and thus has a significant strategic asset value."
Other investment firms such as Goldman Sachs and Citigroup, now have their eyes on WebEx...
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