Benchmark Reiterates Buy And PT Of $10 On Guidance Software (GUID)

Benchmark reiterated its Buy rating and price target of $10 on Guidance Software GUID in a research report published today. Guidance is expected to announce its Q1 results later today, but Benchmark is optimistic about its results. In the report, Benchmark states, "Our confidence in the quarter is based on positive management meetings in late February (see our February 25 note), increasing momentum in the commercial business and good results from eDiscovery services vendor and casual competitor EPIQ Systems (EPIQ—Not Rated) that delivered 61% y/y growth in its eDiscovery business in its just reported March quarter." In yesterday's trading, Guidance lost 0.8% to close the day at $7.45.