Analyst Reports

2011-11-21 WestLB: NEUTRAL - New Strategy: Switch to the Cloud, forecast the whether...?

2011-10-05 WestLB: NEUTRAL - Ugly P&L expected in the short term

2011-07-18 WestLB: NEUTRAL - Cloud "concept stock" will lack hard numbers this year

2011-07-05 WestLB: NEUTRAL - Waiting for effect of new Cloud business model (Preview)

2011-05-17 WestLB: NEUTRAL - Guidance points to a subdued P&L in the next few quarters

2011-03-29 WestLB: ADD - InVision Software switching to the cloud

2011-02-08 Warburg Research: HOLD - Strong figures

2010-11-17 WestLB: ADD - Raising estimates & recommendation

2010-10-15 Warburg Research: HOLD - Turnaround is visible

2010-10-04 Warburg Research: HOLD - Downgrade after share price increase

2010-09-02 WestLB: NEUTRAL - Q2 could have been the start of the turnaround

2010-07-19 SES Research: BUY - Profitable in Q2!

2010-05-31 SES Research: HOLD - Weak Q1

2010-05-05 WestLB: NEUTRAL - It could have been worse but it needs to be better

2010-04-15 SES Research: HOLD - Weak Sales

2010-02-02 SES Research: BUY - Favourable again (German version)

2010-01-04 WestLB: NEUTRAL - Tough challenges persist in 2010

2010-01-04 SES Research: HOLD - Q4 weak again (German version)

2009-12-04 WestLB: NEUTRAL - 2010 may be a critical year

2009-11-05 SES Research: HOLD - Q3 below expectations (German version)

2009-08-20 SES Research: HOLD - Forecast reaffirmed (German version)

2009-08-20 WestLB: BUY - Licence revenues continued to climb off the floor in Q2

2009-08-03 SES Research: HOLD - Good business development (German version)

2009-07-22 WestLB: BUY - Seeds of hope make our target price grow

2009-05-19 SES Research: BUY - Licence revenues recovering (German version)

2009-05-19 WestLB: BUY - Q1 shows expected signs of revival

2009-04-08 WestLB: BUY - Faith and hope could encourage renewed belief

2009-04-02 SES Research: BUY - Valuation clearly below net-cash (German version)

2009-01-14 SES Research: BUY - Little acquisition (German version)

2009-01-08 SES Research: BUY - 2008 weaker than expected (German version)

2008-12-01 WestLB: HOLD - Long haul

2008-11-13 SES Research: BUY - Writedown on accounts receivable - weak Q3 (German version)

2008-11-10 WestLB: HOLD - More evidence of faltering counterparty trust

2008-09-03 SES Research: BUY - Buy rating confirmed

2008-09-02 WestLB: ADD - P&L likely to suffer until 2010

2008-08-15 SES Research: BUY - Worth buying again

2008-08-15 WestLB: ADD - Q2 pre-release

2008-06-27 SES Research: HOLD - Q2-Licences are still absent

2008-06-12 WestLB: ADD - Guidance will be a challenge

2008-06-02 SES Research: BUY - Weak Q1 - Outlook confirmed

2008-05-06 WestLB: BUY - Milestones

2008-04-16 SES Research: BUY - Final figures - new estimates

2008-04-11 WestLB: BUY - Robust guidance for 2008

2008-03-12 SES Research: BUY - Net income achieved - EBIT too weak

2008-01-23 WestLB: BUY - 21st century workforce

2007-12-03 SES Research: BUY - InVision wins Lufthansa project

2007-11-15 SES Research: BUY - Extremely strong Q3

2007-11-12 WestLB: BUY - Strong Q3 - positive indications for Q4

2007-10-22 WestLB: BUY - Big order intake - strong H2 likely

2007-10-19 SES Research: BUY - Major Order - InVision delivers

2007-08-15 SES Research: BUY - Focus on H2

2007-08-08 WestLB: BUY - Optimising returns with WFM

2007-07-30 SES Research: InVision Software AG - Company Analysis