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Analysts React To Splunk's Q3 Beat
Friday, November 30, 2018 - 1:58pm | 560Big data facilitating company Splunk Inc (NASDAQ: SPLK) reported Thursday a top- and bottom-line beat in its third-quarter results while management lifted both its 2019 and 2020 sales outlook. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts Wells...
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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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Analysts Review Pivotal Software After Mixed Q2
Thursday, September 13, 2018 - 4:46pm | 477Pivotal Software (NYSE: PVTL) fell over 20 percent after the company's second-quarter print. Here's a roundup of how the sell-side reacted. The Analysts Credit Suisse analyst Brad Zelnick maintained an Outperform rating on Pivotal with a $25 price target. KeyBanc analyst Alex Kurtz...
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Credit Suisse Downgrades Akamai, Projects 'Forthcoming Headwinds'
Monday, August 13, 2018 - 10:52am | 434Akamai Technologies, Inc. (NASDAQ: AKAM) shares have rallied strongly since the Dec. 15 disclosure made by activist investor Elliott Management. The run-up has made a Credit Suisse analyst wary of building positions in the cloud company. The Analyst Analyst Brad Zelnick downgraded...
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It's Hard To Find Problems With Microsoft's Q4 Earnings: The Street Weighs In
Friday, July 20, 2018 - 1:07pm | 617Microsoft Corporation (NASDAQ: MSFT) reported fourth-quarter earnings Thursday. EPS came in at $1.14 versus analysts’ $1.08 consensus estimate. Sales for the quarter also beat the street’s estimate of $29.22 billion by about $900,000. The Street Weighs In Microsoft’s earnings...
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Analysts React To Red Hat's Q1 Earnings, Downbeat Forecast
Friday, June 22, 2018 - 1:21pm | 518Red Hat Inc (NYSE: RHT) stock tanked more than 12 percent Friday after the company’s first-quarter earnings report failed to wow the market. Red Hat also announced a $1 billion buyback. A number of analysts have weighed in on Red Hat stock following the report. Here’s a sampling of...
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Buy The Dip In Oracle? The Street Debates
Wednesday, June 20, 2018 - 2:58pm | 746Shares of Oracle Corporation (NYSE: ORCL) moved lower Wednesday after the company's fiscal fourth-quarter earnings report came in better than expected, but management's guidance came in below expectations. The Analysts UBS' Jennifer Swanson Lowe maintains a Neutral rating on Oracle...
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The Bull And Bear Cases For Intuit After A Q3 Beat
Wednesday, May 23, 2018 - 12:16pm | 562Wall Street was mixed on Intuit Inc. (NASDAQ: INTU) following the company’s third-quarter print Tuesday, with analysts reaffirming bullish, bearish and neutral views. The Analysts On the bull side, Credit Suisse analyst Brad Zelnick reiterated an Outperform rating on Intuit and...
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Pivotal Software Quiet Period Ends, Analysts Weigh In
Tuesday, May 15, 2018 - 3:22pm | 401The quiet period following the IPO of Dell Technologies spin-off Pivotal Software Inc (NYSE: PVTL) has ended, and several Wall Street analysts have weighed in on the stock. Here’s a rundown of what they’ve had to say. Voices From The Street William Blair analyst Bhavan Suri said...
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Symantec's Internal Investigation: The Sell-Side Reacts
Friday, May 11, 2018 - 10:41am | 667Cybersecurity provider Symantec Corporation (NASDAQ: SYMC) disclosed in conjunction with its fourth-quarter report Thursday that an audit committee is investigating concerns raised by a former employee. William Blair: Too Soon To Judge Symantec's Q4 report was "healthy"...
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Wall Street Weighs In On Zscaler As Analyst Quiet Period Expires
Tuesday, April 10, 2018 - 3:35pm | 483The analyst quiet period on Zscaler Inc. (NASDAQ: ZS) is over, and several analysts initiated coverage of the newly public stock this week. Here’s an overview of what Wall Street thinks of the cloud-based IT security company. Voices From The Street Goldman Sachs analyst Gabriela Borges...
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Here's What Wall Street Thinks Of Splunk's Q4 Earnings
Friday, March 2, 2018 - 2:34pm | 631Splunk Inc (NASDAQ: SPLK) reported a top-and-bottom-line beat in its fourth quarter results, which had multiple Wall Street analysts upbeat over the company's outlook. Price Target And Rating Changes Credit Suisse's Brad Zelnick: Outperform rating, price target raised from $88 to $110...
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Credit Suisse Thinks Expectations For Symantec Are Too High, Downgrades To Neutral
Monday, January 22, 2018 - 3:11pm | 366Expectations for cybersecurity provider Symantec Corporation (NASDAQ: SYMC) may be too high for at least one Wall Street analyst heading into the company's earnings report on Jan. 31. The Analyst Credit Suisse's Brad Zelnick downgraded Symantec's stock from Outperform to Neutral with...
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Credit Suisse Upgrades Akamai After Elliott Management Disclosure
Monday, December 18, 2017 - 1:24pm | 439The bull versus bear debate surrounding Akamai Technologies, Inc. (NASDAQ: AKAM) has been settled after activist investor Elliott Management disclosed a 6.5-percent stake in the company, according to Credit Suisse. The Analyst Credit Suisse's Brad Zelnick upgraded Akamai's stock...
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The Sell-Side Reaction To Oracle's Earnings Beat, Cloud Weakness
Friday, December 15, 2017 - 4:34pm | 785Shares of Oracle Corporation (NYSE: ORCL) were trading lower by around 5 percent Friday after the company's fiscal second quarter report showed an earnings beat — but its cloud infrastructure and platform revenue fell short of expectations. Barclays: Continued Weakness Barclays...