Brendan Barnicle

In a report published Wednesday, Pacific Crest analyst Brendan Barnicle maintained an Overweight rating and $55 price target on Microsoft Corporation (NASDAQ: MSFT). The analyst expressed concern regarding the consensus projection not accounting for the new Windows 10 revenue recognition policy. "...

In a report published Thursday, Pacific Crest analyst Brendan Barnicle downgraded the rating on Bazaarvoice, Inc. (NASDAQ: BV) to Sector Weight, following the company's "mildly disappointing" FQ4 results and the reduced profitability guidance for FY2016. For FQ4, Bazaarvoice posted its revenue and...

In a report published Tuesday, Pacific Crest analyst Brendan Barnicle maintained an Overweight rating and price target of $85 on Adobe Systems Incorporated (NASDAQ: ADBE). Early checks with the company's resellers in the U.S., UK, Germany and Austria have been "encouraging." "Resellers see growing...

In a report published Thursday, Pacific Crest Securities analyst Brendan Barnicle offered a "window into Windows 10," noting Microsoft Corporation (NASDAQ: MSFT) provided more clarity on its model transition. Microsoft hosted a financial analyst event in conjunction with its annual...

Zendesk Inc (NYSE: ZEN) is beefing up its sales staff and boosting prices in a trend that could bear fruit within 18 months, an analyst said Monday. Pacific Crest's Brendan Barnicle maintained an Outperform rating and $30 target on the customer service software developer, which is slated to...

In a report published Thursday, Pacific Crest Securities analyst Brendan Barnicle reiterated an Outperform rating and $74.00 price target on salesforce.com, inc. (NYSE: CRM). In the report, Pacific Crest Securities noted, “After attending the ExactTarget user conference, we have increased...

In a report published Tuesday, Pacific Crest Securities analyst Brendan Barnicle initiated coverage on EnerNOC, Inc. (NASDAQ: ENOC) with an Outperform rating and $24.00 price target. In the report, Pacific Crest Securities noted, “EnerNOC is a leader in demand response, with 30% market share. The...

In a report published Friday, Pacific Crest Securities analyst Brendan Barnicle reiterated an Outperform and $68.00 price target on Splunk (NASDAQ: SPLK). In the report, Pacific Crest Securities noted, “Splunk reported FQ2 (July) revenue of $101.5 million (up 52% y/y) and license revenue of $62.1...

In a report published Thursday, Pacific Crest Securities analyst Brendan Barnicle reiterated an Outperform rating and $116.00 price target on Workday (NYSE: WDAY). In the report, Pacific Crest Securities noted, “Workday's FQ2 results demonstrated that it continues to take market share. The company...

Microsoft's (NASDAQ: MSFT) fast-growing cloud business picked up a new fan Wednesday as one analyst said the sector may soon account for a significant slice of the company's revenue. The sector, which presently accounts for less than five percent of Microsoft's $86.8 billion in...

In a report published Wednesday, Pacific Crest Securities analyst Brendan Barnicle reiterated an Outperform rating on Zendesk (NYSE: ZEN), and raised the price target from $20.00 to $22.00. In the report, Pacific Crest Securities noted, “Zendesk posted a strong Q2, reporting revenue of $29.6...

Brightcove (NASDAQ: BCOV) shares tumbled Friday to near a 52-week low on disappointing second-quarter results and a series of analyst downgrades. The cloud-based video platform provider offered a weak outlook partly on the loss of its customer Rovio Entertainment, which provides the Angry Birds...

After Splunk (NASDAQ: SPLK) released its first quarter earnings on Thursday, analysts responded Friday with their thoughts on the company. FBR - Outperform, $80 PT - Daniel Ives sees that the market may respond in a negative initial reaction because the beat wasn't as large as expected by the...

In a report published Tuesday, Pacific Crest Securities analyst Brendan Barnicle reiterated an Outperform rating on Splunk (NASDAQ: SPLK), but lowered the price target from $107.00 to $68.00. In the report, Pacific Crest Securities noted, “Splunk's patented algorithms gives it a strong competitive...

In Wednesday's morning summary, Pacific Crest raised the price target on Oracle Corporation (NASDAQ: ORCL) and maintained an Outperform. In a look at the company, analyst Brendan Barnicle wrote, "Oracle has a significant advantage because it has a broader set of applications than its competitors...