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Omniture Target Priced Raised - Share Price Jumps 22%
Thursday, July 26, 2007
Amidst news that the Omniture Target price has been raised from $25 to $31, Omniture share prices increased by over 22% today closing at $25.96/share. Omniture (OMTR) is a leading provider of online business optimization software. The Company's software is used by customers to manage and enhance online, offline and multi-channel business initiatives. Their main product is SiteCatalyst a popular web analytics solution used by organizations to gather actionable, real-time intelligence about online strategies and marketing initiatives. Omniture SiteCatalyst helps organizations quickly identify and understand the most profitable paths through their websites, where visitors are dropping off, what’s driving critical success events, and how different segments of visitors interact with the Web site.

According to industry reports:
Omniture has posted robust 2Q results, with pro forma EPS significantly ahead of the estimates and the consensus.

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