Sectors

Informatica Corporation (NASDAQ : INFA) launchs new monitoring tool

05th Oct `13, 12:05 PM in Sectors

Dallas, Texas 10/04/2013 (Financialstrend) – Few of the best of the breed data warehousing tech companies like Qlik…

BDMS
Guest Contributor
 

Dallas, Texas 10/04/2013 (Financialstrend) – Few of the best of the breed data warehousing tech companies like Qlik ,Teradata ,Tableau and Tibco have been on the move lately. These analytical tech providers are riding high due to the under the surface build up of demand for big data and data analytics based technology infrastructure. A survey on tech spending patterns among the Fortune 1000 executives was also underscoring the growing budgets being set aside by companies for big data projects.

It is this big spending on analytics in general and data warehousing and big data in particular which has pushed up the stock of Informatica Corporation (NASDAQ:INFA) up by close to 10.5% in the past one month. As of close of business on October 3, the share price of INFA was hovering around $39.88 representing a 1.42% increase in market value during trading last week. Current pricing is 3.8% less compared to its 52 week high valuation. It has close to 108 million of outstanding shares with a market cap of $4.3 billion.

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