We have launched coverage of 14 additional enterprise software companies. Our models use a combination of SaaS metrics and non-GAAP financials to predict the current stock price. The relationship with our Enterprise focused model and the current stock prices (adjusted r-square) is 0.87 and for companies with an SMB/Entrepreneur focus our model has an adjusted r-square of 0.68.
The performance of these stocks will be tracked in the Perspectec General Portfolio.
In addition, we are moving Salesforce.com (CRM) from our Focused Portfolio to our General.Portfolio, due to a change in associate coverage.
With this launch, we have published our Enterprise Software and SMB/Entrepreneur Comparables Table and Powerpoint presentation.
The companies we are launching coverage of are:
ADP – ADP
Box – BOX
Cornerstone on Demand – CSOD
Dropbox – DBX
GoDaddy – GDDY
Hubspot – HUBS
Kinaxis – KXSCF
Paychex – PAYX
Paylocity – PCTY
RingCentral – RNG
ServiceNow – NOW
The Ultimate Software Group – ULTI
Wix – WIX
Workday – WDAY
ZenDesk – ZEN
