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Novell is a "Buy" again

Novell just got its stock upgraded. Should we upgrade our opinions of the company?

Of some significance this past week, Jefferies raised its rating on Novell to a "Buy," arguing that the Linux and Identity Management vendor's revenue stream is "as stable as you can get during a recession." Novell has particular strength in the government sector, which is somewhat impervious to downturns.

Perhaps this is why a Novell director bought 10,000 more shares of stock?

I don't follow it closely, but this is the first time in a long time that I've seen any analysts upgrading Novell's stock. I have been hearing lots of confirming rumors that Novell's business is on the upswing (I mean, beyond its quarterly reports, which have also been good). It's good to see Novell doing well again.