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Analyst: FireEye Needs Cloud Subscription Growth
Friday, February 8, 2019 - 3:07pm | 348Cybersecurity software vendor FireEye Inc (NASDAQ: FEYE) reported an earnings beat Wednesday but issued disappointing guidance. The Analyst BMO Capital Markets analyst Keith Bachman maintained a Market Perform rating on FireEye with an $18 price target. The Thesis FireEye's Q4 was mixed...
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BMO Capital Markets Upgrades Cognizant On CEO Change
Thursday, February 7, 2019 - 11:39am | 331Cognizant Technology Solutions Corp (NASDAQ: CTSH) has historically sacrificed revenue growth for margin expansion, although revenue growth typically has a bigger impact on multiples than margin expansion, according to BMO Capital Markets. The sell-side firm finds it encouraging that the IT...
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BMO Weighs In On Cybersecurity, Upgrades Palo Alto
Tuesday, January 22, 2019 - 3:46pm | 428The network firewall market will continue to grow at a healthy rate over the coming years, but BMO likes Palo Alto Networks Inc (NYSE: PANW) over Fortinet Inc (NASDAQ: FTNT) right now. The Analyst BMO Capital Markets' Keith Bachman upgraded Palo Alto from Market Perform to Outperform with a...
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Adobe's Q4 Earnings Report: The Street Reacts
Friday, December 14, 2018 - 11:36am | 697Adobe Inc (NASDAQ: ADBE) on Thursday reported its fiscal fourth-quarter earnings report. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts BMO Capital Markets' Keith Bachman maintains an Outperform rating on Adobe with a price target lifted from...
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The Street's Reaction To Salesforce's Big Q3 Beat
Wednesday, November 28, 2018 - 11:29am | 1162Salesforce.com, inc. (NYSE: CRM) reported Tuesday a top-and-bottom-line beat in its third quarter. Earnings came in at 61 cents per share, beat estimates by 11 cents while sales of $3.392 billion beat $3.37 billion estimates. Here is a summary of how some of the Street's top analysts reacted to...
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Wall Street Reacts After Adobe Posts Q2 Earnings Beat
Friday, June 15, 2018 - 10:34am | 912Adobe Systems Incorporated (NASDAQ: ADBE)'s fiscal second-quarter print came in better than expected Thursday afternoon. Here's how the sell side reacted. The Analysts Pivotal Research Group's Brian Wieser maintained Adobe at Hold with a price target lifted from $...
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IBM Selling Off After Q1 Print: 5 Analysts Respond
Wednesday, April 18, 2018 - 2:45pm | 528IBM Common Stock (NYSE: IBM) traded lower by 7.5 percent on Wednesday and is on pace for its worst day of trading since 2013. Investors were disappointed with IBM’s sluggish growth numbers and could be throwing in the towel on the tech stock. Several analysts have weighed in on the...
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Adobe Hits New Highs: Wall Street Debates If It's Time To Buy Or Sell
Sunday, March 18, 2018 - 3:20pm | 675Adobe Systems Incorporated (NASDAQ: ADBE) reported last Thursday its fiscal first quarter results which helped boost the stock to a new all-time high of $228.88 Friday. With the stock now up more than 80 percent over the past year, are Wall Street analysts recommending investors cash in on their...
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BMO Capital Upgrades VMware 'At Long Last,' Says Shares Can Move Higher
Friday, December 1, 2017 - 3:54pm | 487Shares of cloud computing and platform visualization software and services company VMware, Inc. (NYSE: VMW) could have further upside on top of their 56 percent gain year-to-date, according to one analyst. The Analyst BMO Capital Markets analyst Keith Bachman upgraded his rating on the...
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5 Analyst Takes On Workday's Earnings
Thursday, November 30, 2017 - 4:39pm | 815Shares of Workday Inc (NASDAQ: WDAY) were trading lower by more than 2 percent Thursday after the company's better-than-expected earnings report was overshadowed by several concerning metrics. Here's what some of Wall Street's top analysts are saying after the print: Bank Of America:...
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6 Analysts Review Salesforce's 'Strong' Q3
Wednesday, November 22, 2017 - 2:02pm | 1014salesforce.com, inc. (NYSE: CRM) reported third quarter earnings and guidance Tuesday. Here's a recap of what some of Wall Street's top analysts are saying after the print: 'Good Place To Be In 2018' Canaccord Genuity's Richard Davis maintains a Buy rating on...
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Did Splunk's Q3 Pros Outweigh The Cons?
Friday, November 17, 2017 - 11:30am | 370Splunk Inc (NASDAQ: SPLK) reported Thursday its third quarter earnings, which showed strong growth and expectations for continued momentum. The Analyst BMO Capital Markets' Keith Bachman maintains an Outperform rating on Splunk's stock with a price target boosted from $71 to $83. The...
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Wall Street Weighs In On Red Hat's Impressive Quarter
Tuesday, September 26, 2017 - 3:04pm | 676Red Hat Inc (NYSE: RHT) shares jumped more than 4.2 percent Tuesday after the company’s second-quarter earnings report topped market expectations. A number of Wall Street analyst weighed in on Red Hat following the report. Here’s a rundown of what they had to say. Voices From The Street...
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What Are Wall Street's Top Analysts Saying About Microsoft Post Q4?
Friday, July 21, 2017 - 3:18pm | 884Shares of Microsoft Corporation (NASDAQ: MSFT) were trading lower by around 0.50 percent Friday afternoon after the company reported its fiscal fourth-quarter results. Here is a roundup of what some of Wall Street's top analysts are saying after the print. Wells Fargo: Strong Execution Microsoft...
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IBM's Potential Catalysts: Can 'Big Blue' Turn It Around In Q4?
Wednesday, July 19, 2017 - 10:45am | 537Shares of International Business Machines Corp. (NYSE: IBM) hit a new 52-week low of $147.40 on Wednesday after the company reported its second-quarter results, which marked the 21st consecutive quarter of declining revenue. But not all analysts are ready to throw in the towel and turn sour on the...