Piper Jaffray Comments on RightNow Technologies' Q4 10 Earnings (RNOW)

Piper Jaffray is out with its report today on RightNow Technologies RNOW, commenting on Q4 10 earnings. In a note to clients, Piper Jaffray states, "Total revenue of $51.4M (+24% y/y) was slightly higher than the preannounced guidance of $51.0M (+23% y/y) and beat the original consensus of $49.6M, while PF EPS of $0.17 was $0.01 above the preannounced level and the consensus. Please note that the company preannounced revenue and EPS expectations on January 18th. RightNow expects Q1 2011 total revenue of $52.0M (24% y/y) and PF EPS of $0.08, both of which are slightly below consensus of $52.7M (25% y/y) and $0.09 respectively." Piper Jaffray maintains Overweight with a $36 PT on RNOW. Shares of RNOW closed yesterday at $27.24, up 2.41% from Tuesday's close.