NEW YORK (TheStreet) -- Informatica Corporation (Nasdaq:INFA) hit a new 52-week high Friday as it is currently trading at $56.70, above its previous 52-week high of $56.49 with 33,950 shares traded as of 9:36 a.m. ET. Average volume has been one million shares over the past 30 days.
Informatica has a market cap of $5.8 billion and is part of the technology sector and computer software & services industry. Shares are up 27.8% year to date as of the close of trading on Thursday.
Informatica Corporation provides enterprise data integration and data quality software and services worldwide. Its software solutions include a set of technologies that enable various enterprise-wide data integration initiatives. The company has a P/E ratio of 60.2, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Informatica as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Informatica Ratings Report.
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