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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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5 Analysts Raise Shopify Price Targets After Strong Quarter
Thursday, February 13, 2020 - 1:10pm | 764Shopify Inc (NYSE: SHOP) surged after beating fourth-quarter estimates in gross merchandise volume (GMV), subscription revenue, merchant services revenue, and operating income. The company’s 47% total revenue growth represented its first quarter-over-quarter acceleration since 2013, while the...
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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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Zoom Video Sells Off After Q3 Earnings Print
Friday, December 6, 2019 - 12:04pm | 586Zoom Video Communications Inc. (NASDAQ: ZM) lost a bit of the zoom in its growth trajectory in the third quarter, spooking investors. Sell-side analysts said the company's communications story remains strong, though the stock price may already reflect it. The Analysts Morgan Stanley's Meta...
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Sell-Side Remains Cautions On Slack Following Q3 Earnings Beat
Thursday, December 5, 2019 - 11:00am | 655Slack Technologies Inc (NYSE: WORK) reported third-quarter revenue and earnings beats on Wednesday. Slack also guided for fourth-quarter revenue of between $172 million and $174 million, slightly above consensus analyst expectations of $172.4 million. However, Slack also guided for a fourth-quarter...
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Analysts Laud Ping Identity's Execution Following Maiden Report As Public Company
Thursday, November 14, 2019 - 1:14pm | 379Ping Identity Holding Corp (NYSE: PING), a provider of identity and access management technology, reported better-than-expected third-quarter results and issued above-consensus revenue guidance, sending shares sharply higher. The Analysts Bank of America analyst Tal Liani reiterated a Buy rating on...
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Credit Suisse: Datadog Shares Already Reflect Solid Q3 Results
Wednesday, November 13, 2019 - 3:23pm | 274Datadog Inc (NASDAQ: DDOG) Tuesday reported results for the first quarter as a public company. The third-quarter results highlighted the company’s leverage to significant tailwinds as well as the company’s ability to cross- and up-sell new platform modules, according to Credit Suisse....
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Analysts Still Bullish On Adobe Despite Bookings Miss
Wednesday, September 18, 2019 - 11:41am | 603Shares of Adobe Inc (NASDAQ: ADBE) continued to fall on Wednesday after missing expectations on subscription bookings and lowering guidance for its Digital Experience business. Several sell-side analysts kept Buy recommendations on the stock, saying those negatives masked continued Accounting Rate...
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Zscaler Analysts Say Cybersecurity Stock A 'Long-Term Winner' Despite Earnings Setback
Wednesday, September 11, 2019 - 1:58pm | 800Shares of the cloud security company Zscaler Inc (NASDAQ: ZS), which debuted on the public market in early 2018, are tumbling to their lowest level since February in reaction to the company's fiscal fourth-quarter results. The Analysts Morgan Stanley analyst Melissa Franchi maintained an...
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What Wall Street Analysts Think About Slack's Stock
Tuesday, July 16, 2019 - 11:47am | 527Several Wall Street analysts this week have initiated coverage of Slack Technologies Inc (NYSE: WORK) following the expiration of the company’s IPO quiet period. The Analyst Credit Suisse analyst Brad Zelnick initiated coverage of Slack's stock with a Neutral rating and $40 price target....
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Wall Street Mostly Positive On Salesforce's Q1
Wednesday, June 5, 2019 - 1:45pm | 680Cloud company salesforce.com, inc. (NYSE: CRM) reported Tuesday fiscal first-quarter results that were greeted with a mostly unanimous positive reaction from Street analysts. The Analysts Morgan Stanley's Keith Weiss maintains an Overweight rating on Salesforce's stock with an unchanged $...
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Analysts Point To Pivotal Software's Sales Execution Issues Following Mixed Q1
Wednesday, June 5, 2019 - 12:34pm | 920Pivotal Software Inc (NYSE: PVTL) reported a first-quarter loss Tuesday and issued below-consensus guidance for fiscal 2020. The Analysts Morgan Stanley analyst Sanjit Singh maintained an Overweight rating on Pivotal and lowered the price target from $26 to $18. Credit Suisse analyst Brad...
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2U Finds Some Street Support Despite 25% Sell-Off
Wednesday, May 8, 2019 - 2:39pm | 663Education technology company 2U Inc (NASDAQ: TWOU) reported a first-quarter earnings and sales beat Tuesday alongside a 2019 outlook that contributed to a sell off in the stock. Two Street analysts stuck with bullish stances on the stock, while a third issued a downgrade. The...
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Sell-Side Convinced Of Pivotal Software's Fundamentals In Wake Of Q3 Beat
Wednesday, December 12, 2018 - 12:04pm | 695Pivotal Software Inc (NYSE: PVTL) reported 30-percent year-over-year revenue growth and a narrower-than-expected loss for its fiscal third quarter on Tuesday. The Analysts Wedbush analyst Daniel Ives maintained an Outperform rating and $25 price target for Pivotal shares. Credit Suisse analyst...
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Investors Cheer Workday's Q3 Earnings Beat
Friday, November 30, 2018 - 4:11pm | 582Enterprise cloud applications provider Workday, Inc. (NASDAQ: WDAY) reported Thursday a top-and-bottom line beat in its third-quarter results. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts Wells Fargo's Philip Winslow maintains a Market...