Deutsche Bank Maintains Buy on DemandTec

Deutsche Bank is out with its report today on DemandTec DMAN, maintaining Buy. In its report, Deutsche Bank writes, "DemandTec reported revenues of $22m, in line with our/street estimates, and non-GAAP EPS of ($0.02), in line with the street and better than DB's ($0.03). Bookings were below expectations as retailer renewals came in mid 70s. DMAN reiterated FY12 guidance of 10-15% growth (5-10% organic), but noted they were tracking toward the lower end. We do not see near-term catalysts, but view company's positioning within large customers as attractive that should dominate when headwinds from small retailers disappear. Maintain Buy and $9 PT." Shares of DMAN closed Thursday at $6.05, up 2.20% from Wednesday's close.