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The move by QAD (QADA) to the cloud is seen helping the company accelerate its revenue and make it more competitive with larger rivals in the enterprise resource planning software market. In a research report Monday, Richard Davis, an analyst for Canaccord Genuity, said the company’s transition will also help boost its customer based faster than before. Davis initiated coverage of the company with a buy rating and a price target of 23. “QAD is a Scalper1 News
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