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NetSuite (N) provides cloud-based financials/enterprise resource planning (ERP) software suites in the United States and internationally.
It offers NetSuite, a single platform for financials/ERP, customer relationship management (CRM), professional services automation (PSA), and e-commerce capabilities that automate processes across departments. The company also provides NetSuite OneWorld, which offers the ability to manage various companies or legal entities, with different currencies, taxation rules, and reporting requirements, within a single NetSuite account; NetSuite CRM+ that includes sales force automation, marketing automation, customer support, and service management functionality; and NetSuite OpenAir PSA, a PSA solution that is used by professional services organizations and is targeted to companies with thousands of employees, which provides a view into the services organizations performance and profitability with dashboards and reports.
In addition, it provides SuiteCommerce solutions for retail and B2B businesses; NetSuite Retail Anywhere, a point-of-sale solution to retail businesses; add-on modules; NetSuite industry editions; and SuiteCloud Platform that allows customers, partners, and developers to tailor and extend its suite to meet specific company, vertical, and industry requirements for personalization, business processes, and best practices.
Shares have formed a bullish "cup and handle" and presently are in the "handle" consolidation phase of this formation. Higher prices are expected for this stock. Here is something interesting about this firm: 60% of shares are held by insiders; and 5.6% shares (as percentage of float) have been shorted. This stock has a great potential for a squeeze!
52-Week Trading Range: $40.94 - $75.75
Entry Point: $75.00
Stop Loss: $71.30
Target Price: $82.55
We closed N at $78.95 after it failed to gain 10% in 30-days.
