Benchmark Maintains Buy on Guidance Software

Benchmark is out with its report today on Guidance Software GUID, maintaining Buy. In its report, Benchmark writes, "We maintain our Buy rating and $10 price target in front of the Company's 2Q11 earnings release. In our opinion, the eDiscovery market is still in the early stages and it has yet to hit an inflection point. Because of this, we think GUID is well positioned to take advantage of intermediate- to longer-term secular growth drivers in the legal, IT security and regulatory compliance markets in general and the computer forensics and eDiscovery markets in particular." Shares of GUID closed Friday at $7.52.