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MongoDB Stock Plunges After Q2 Earnings: 4 Analysts Break Down The Print
Thursday, September 1, 2022 - 12:19pm | 485Shares of MongoDB Inc. (NASDAQ: MDB) tanked in after-hours trading on Wednesday, after the New York-based company reported its fiscal second quarter results and issued weak guidance. RBC Capital Markets Analyst Rishi Jaluria reiterated an Outperform Buy rating, while reducing the price target from...
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Microsoft Analysts: Q1 Shows Payoff From Cloud Shift, Azure Narrowing The Gap With AWS
Wednesday, October 28, 2020 - 3:24pm | 617Microsoft reported first-quarter revenue and earnings per share that came in ahead of consensus estimates Tuesday. Azure and the gaming sector were highlights for the Street analysts who cover the tech giant. Azure A Q1 Highlight: Raymond James analyst Robert Majek reiterated a Strong...
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Adobe Analysts Mostly Bullish On Q3 Subscription Growth, Margin Expansion: 'The Great Digital Awakening'
Wednesday, September 16, 2020 - 4:02pm | 815Adobe Inc (NASDAQ: ADBE) reported strong third-quarter results Tuesday. Here's what five analysts had to say after the print. The Adobe Analysts: BofA Securities analyst Kash Rangan reiterated a Buy rating on Adobe shares with a $570 price target. BMO Capital Markets...
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Splunk Has New Street-High Price Target: Wells Fargo Says Growth Underappreciated
Monday, June 22, 2020 - 1:45pm | 434Cloud-based data analytics company Splunk Inc's (NASDAQ: SPLK) prospects are underappreciated, according to an analyst at Wells Fargo Securities. The Splunk Analyst: Philip Winslow reiterated an Outperform rating on Splunk shares and increased the price target from $205 to $250. The...
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Wall Street Cautious On Oracle: 'Investors Likely Have To See The Growth Before Believing It'
Wednesday, June 17, 2020 - 11:33am | 738Oracle Corporation (NYSE: ORCL) shares were trading lower Wednesday after the company reported a larger-than-expected revenue decline in the fiscal fourth quarter but issued current-quarter guidance that exceeded expectations. Oracle reported fourth-quarter adjusted earnings per share of $1.20,...
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Cloudera Analysts Examine Potential Suitors, Takeout Price Amid Sale Rumor
Wednesday, June 10, 2020 - 1:46pm | 592Data engineering and analytics company Cloudera Inc (NYSE: CLDR) surged about 19% on Tuesday following reports of the enterprise software company exploring strategic options. The Cloudera Analysts: Morgan Stanley analyst Sanjit Singh has an Overweight rating and $15 price target for Cloudera....
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Microsoft Analysts On Redmond's Q3 Beat: 'A Core Growth Holding'
Thursday, April 30, 2020 - 11:47am | 860Microsoft Corporation (NASDAQ: MSFT) reported strongly quarterly results Wednesday, and the Street is bullish. The Microsoft Analysts Morgan Stanley analyst Keith Weiss maintained an Overweight rating and lifted the price target from $180 to $198. BofA Securities analyst Kash Rangan reiterated...
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Splunk Analysts Bullish Despite Investor Pullback Following Q4 Print
Thursday, March 5, 2020 - 12:15pm | 940Data analytics company Splunk Inc (NASDAQ: SPLK) reported a disappointing fourth-quarter bottom-line result Wednesday and issued a weak revenue forecast for the first quarter and fiscal year 2021, sending shares lower. The Splunk Analysts Wells Fargo analyst Philip Winslow reiterated an...
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Zoom Video Investors Cheer Q4 Results, Analysts Stay Conservative
Thursday, March 5, 2020 - 12:11pm | 602Zoom Video Communications, Inc. (NASDAQ: ZM) reported fourth-quarter results highlighted by an earnings and revenue beat. Zoom Video Creported quarterly earnings of 15 cents per share, which beat the analyst consensus estimate of 7 cents. The company reported quarterly sales of $188.3 million,...
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Despite CEO Change, Salesforce Analysts Say Sell-Off May Be Buying Opportunity
Wednesday, February 26, 2020 - 4:33pm | 567Salesforce.com, inc. (NYSE: CRM) shares were falling Wednesday a day after the announcement that its co-CEO will step down, even as several sell-side analysts reiterated confidence and raised target prices on the stock. Salesforce on Tuesday reported what several analysts called a strong quarter,...
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Microsoft Analysts See 20% Upside Following Across-The-Board Q2 Beat
Thursday, January 30, 2020 - 12:20pm | 1002Microsoft Corporation (NASDAQ: MSFT) reported stellar fiscal-year second-quarter results, sending shares higher. Microsoft reported quarterly earnings of $1.51 per share, which beat the analyst consensus estimate of $1.32. This is a 37% increase over earnings of $1.10 per share from the same period...
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The Street Reviews Adobe's 2019: 'Record Year'
Friday, December 13, 2019 - 3:31pm | 683Adobe Inc (NASDAQ: ADBE) reported fourth-quarter results Thursday that were highlighted by record quarterly revenue of $2.99 billion and record annual revenue of $11.17 billion. Here's how the Street reacted. Adobe's Quarter In Review Adobe reported "excellent" an...
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Microsoft In The Clouds With Q1 Earnings Report On Continued Strong Azure Performance
Thursday, October 24, 2019 - 11:44am | 641For Microsoft Corporation (NASDAQ: MSFT), the future is getting less cloudy every quarter — it’s in the cloud. With Azure cloud services again boosting the balance sheet, with some help from Windows subscription growth, Microsoft reported a robust first quarter, with earnings and...
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More Work To Do: Workday Plummets After Analyst Event
Wednesday, October 16, 2019 - 1:14pm | 604Workday Inc (NASDAQ: WDAY) shares dropped 12.8% on Wednesday after the company held its analyst day event this week. Wall Street analysts came away from the event concerned about Workday’s ability to monetize its latest products and meet consensus earnings and revenue targets in the near term...
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Wells Fargo Upgrades VMware, Defying Bearish Market Sentiment
Tuesday, October 1, 2019 - 12:50pm | 355Contrary to broad investor concern, VMware, Inc. (NYSE: VMW) seems well-positioned to emerge as the leader in the market for Kubernetes-based, multi-cloud platform solutions, according to Wells Fargo. The Analyst Wells Fargo’s Philip Winslow upgrades VMware from Neutral to Outperform, raising...