Karl Keirstead

Deutsche Bank upgraded shares of VMware, Inc. (NYSE: VMW) amid growing evidence that large enterprises are embracing a hybrid model. This, according to the firm, materially lowers the out-year risk profile of shares. The firm also said its worries over the last two years about VMware's on-...

FireEye Inc (NASDAQ: FEYE) impressed investors Tuesday, reporting a second-quarter earnings beat and strong guidance. EPS came in at a $0.04 loss with sales totaling $185.5 million, compared to the Street’s $0.12 loss and $176.43 million estimates. The company also expects Q3 to be in line...

Oracle Corporation (NYSE: ORCL) announced its second-quarter earnings on Wednesday after the close. The company reported an adjusted EPS beat of $0.89 versus $0.78 and revenues of $10.89 billion compared to the $10.45 billion estimate. Oracle shares were up over 11 percent to $51.54 at Thursday...

After a strong fourth-quarter earnings report, Deutsche Bank Research analyst Karl Keirstead maintains his Hold rating on Oracle Corporation (NYSE: ORCL) and raised his price target from $44 to $48. Notable Earnings Metrics Total Revenue Growth: 3 percent. Revenue: $10.9 billion versus $10.5...

Despite better-than-expected fourth-quarter results, Deutsche Bank is not ready to budge its Hold rating on Workday Inc (NYSE: WDAY), saying the upside is not enough and termed the performance as the company’s second straight disappointing quarter. Analyst Karl Keirstead said billings were...

Salesforce.com, inc. (NYSE: CRM) reported strong Q3F17 results, while its Q4F17 guidance suggests acceleration in billings growth to 25 percent on a constant currency basis. Deutsche Bank’s Karl Keirstead maintains a Buy rating on the company, with a price target of $90. Positive Feedback...

Red Hat Inc (NYSE: RHT) reported disappointing Q3 fiscal 2017 results and lowered its guidance. The fourth quarter is “not shaping up to be a robust quarter,” given soft prints from peers, Deutsche Bank’s Karl Keirstead said in a report. He reiterated a Buy rating on Red Hat,...

Deutsche Bank upped his price target on Microsoft Corporation (NASDAQ: MSFT) shares to $75 following upbeat tone from the company on cloud computing/technology at a meeting with Deutsche Bank analysts. The Cloud The commercial cloud (Office 365, Azure, Dynamics Online) business of Microsoft is now...

Karl Keirstead of Deutsche Bank said Workday Inc (NYSE: WDAY) posted roughly an in-line third-quarter results, with billings of $454 million, subscription revenues of $336 million and 1 percent non-GAAP operating margin (in line). “The guide for billings growth of just 25–26 percent in...

Splunk Inc (NASDAQ: SPLK) delivered a FQ3 2017 beat and raised its revenue guidance for the fourth quarter. “The key take was that despite the P&L distortion from the mix shift from on-premise to hosted/Cloud deployments, SPLK still posted a license revs performance that handily beat the...

Wall Street was caught unaware by Palo Alto Networks Inc (NYSE: PANW), which reported mixed quarterly results for the first quarter and issued lackluster guidance for the second quarter. These are reactions of some sell-side analysts to the disappointing results, which have subsequently sent the...

Palo Alto Networks Inc (NYSE: PANW) reported weaker than expected results for the second time in three quarters, despite out-growing its rivals. Deutsche Bank’s Karl Keirstead maintains a Hold rating on the company, with a price target of $150. Q1 Results Palo Alto Networks reported revenues...

Salesforce.com, inc. (NYSE: CRM) followed up a disappointing Q2 earnings report with a much-needed strong performance in Q3. Shares are up 3.5 percent following the news, and Deutsche Bank analyst Karl Keirstead is bullish on the stock. According to Keirstead, the weak Q2 followed by rumors of a...

Karl Keirstead of Deutsche Bank says the comments from salesforce.com, inc. (NYSE: CRM) at its financial analyst day imply it's unlikely to buy Twitter Inc (NYSE: TWTR). However, the analyst noted that shares are likely to "tread water" until the M&A overhang is lifted....