Stock Watch: Analyst Upgrades Broaden 'Vision'

BroadVisionInc. (Nasdaq: BVSN) gained 3 7/8 to close at 46 15/16 Tuesday after analysts at Goldman Sachs and Credit Suisse First Boston upgraded the stock.

Wire reports said Goldman's Rick Sherlund placed the e-commerce software maker on his firm's "recommended list" after previously rating the stock outperform. Meanwhile, CS First Boston's Brent Thill upgraded BroadVision (Nasdaq: BVSN) to strong buy from buy.

Last week, BroadVision reported stronger-than-expected results for the first quarter. Revenue rose to $61.5 million from $18.5 million, while net income climbed to $10.0 million, or 4 cents per fully diluted share, from $2.9 million, or one cent, in the year-earlier quarter. Analysts were expecting the company to earn 2 cents a share.

BroadVision signed 110 new licensed customers during the quarter, and said it gained bigger shares in all its core markets.