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Ahead of the Bell: Rightnow downgraded
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NEW YORK - Rightnow Technologies Inc. drew a downgrade Thursday from a Deutsche Bank analyst, who cited rising competition and a climbing share price.
Analyst Tom Ernst cut shares from "Buy" to "Hold." The stock slipped in premarket trading, dropping 29 cents, or 2.7 percent, to $10.51.
Ernst said the business software provider faces growing competition from company's like Salesforce.com and Oracle Corp.
Rightnow, based in Bozeman, Mont., makes customer support software. Its stock is up nearly 40 percent year-to-date, closing Wednesday at $10.80.
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