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Oppenheimer Says Salesforce's Q2 Just A Transitory Quarter, Not A Harbinger Of Doom
Thursday, September 1, 2016 - 1:42pm | 452Shares of salesforce.com, inc. (NYSE: CRM) were trading lower by more than 6 percent on Thursday as some investors seemed to think a deceleration in the U.S. business implies an abrupt end to its growth story. Brian Schwartz of Oppenheimer certainly isn't in that camp. In a research report the...
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RingCentral Shows Positive Trends, Trajectory Looks Strong
Thursday, August 4, 2016 - 4:36pm | 247Oppenheimer maintained his Outperform rating on RingCentral Inc (NYSE: RNG) saying that the company's positive operating trends in the second quarter suggests that the business is on a strong trajectory. For the second quarter, PF total revenue of $91.8 million was about $4.3 million above...
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Adobe's Slowing Digital Marketing Could Be An Overhang
Wednesday, June 22, 2016 - 12:24pm | 259Oppenheimer believes Adobe Systems Incorporated (NASDAQ: ADBE)'s slowing digital marketing could be a worry factor though the company delivered strong second quarter results. The brokerage has a rating of Perform on the stock. The analysts said, "We maintain a Perform rating on a...
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Slowing Digital Marketing Trend Could Weigh On Adobe Stock
Wednesday, June 22, 2016 - 10:46am | 260Adobe Systems Incorporated (NASDAQ: ADBE) reported solid F2Q results, with an EPS beat. Oppenheimer’s Brian Schwartz maintained a Perform rating for the company, saying that the F3Q Digital Marketing growth guidance may disappoint investors. Adobe’s F2Q results reflected healthy...
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Look Beyond Q3 For This Digital Marketing Leader
Wednesday, September 2, 2015 - 9:49am | 251Shares of Adobe Systems Incorporated (NASDAQ: ADBE) have risen over 5 percent year-to-date. Oppenheimer’s Brian Schwartz has initiated coverage of Adobe Systems with a Perform rating. While expressing optimism regarding the company’s business trends, Schwartz stated that the...
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Tech Stocks: The Best...And The Worst Analyst Recommendations
Thursday, May 28, 2015 - 3:17pm | 1059The technology sector is one of the most popular among investors who are looking to to invest in the stock market. Analysts are always on the lookout for the next blockbuster company/stock, but making the right call at the right time is crucial. According to TipRanks, the most and least...
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Oppenheimer And Morgan Stanley Reiterate: Salesforce.com In A Great Position For Growth
Tuesday, April 7, 2015 - 9:46am | 209Oppenheimer issued a report on salesforce.com, Inc. (NYSE: CRM) after meeting with CFO Mark Hawkins. Oppenheimer reiterated its Outperform rating and issued an $80 price target. Analysts Brian Schwartz and Julian Serafini wrote, "We came away feeling more positive on the current business...
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Concur Technologies, Inc. Deal Could Set Off Merger 'Wave'
Friday, September 19, 2014 - 1:43pm | 230Concur Technologies, Inc.'s (NASDAQ: CNQR) agreement to be acquired for $7.36 billion by SAP SE (NYSE: SAP) could drive the share value of competitors, a number of analysts said Friday. The deal could touch off “another consolidation wave" among subscription software providers,...
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Salesforce Q2 Earnings - What To Expect
Thursday, August 21, 2014 - 1:10pm | 856Salesforce.com (NYSE: CRM) will report its second quarter results after Thursday's market close. Salesforce reported its first quarter results on May 20. The company earned $0.11 per share, beating analyst expectations by a penny. Revenue of $1.23 billion came in $20 million more than...
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Red Hat's Fiscal Q1 Outperformance Boosts Shares, Approved By Analysts
Thursday, June 19, 2014 - 4:54pm | 228Red Hat's (NYSE: RHT) fiscal first-quarter outperformance moved the shares 3.7 percent higher Thursday while engendering broad approval from analysts. During the quarter Red Hat "fired on all cylinders" Raymond James' Michael Turits said in a note maintaining an Outperform rating and target of $63...
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UPDATE: Oppenheimer Raises PT on Workday Following Excellent Quarter Report
Wednesday, August 28, 2013 - 10:16am | 160In a report published Wednesday, Oppenheimer analyst Brian Schwartz reiterated an Outperform rating on Workday (NYSE: WDAY), and raised the price target from $80.00 to $85.00. In the report, Oppenheimer noted, “Workday reported another excellent quarter, highlighted by reaccelerating subscription...
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UPDATE: Oppenheimer Initiates Textura with Outperform on Multiple Positive Factors
Tuesday, July 2, 2013 - 10:49am | 161In a report published Tuesday, Oppenheimer analyst Brian Schwartz initiated coverage on Textura Corporation (NYSE: TXTR) with an Outperform rating and $35.00 price target. In the report, Oppenheimer noted, “Textura (initiating Outperform rated; $35 target) is currently disrupting the collaboration...
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UPDATE: Oppenheimer Lowers PT on Oracle Following Disappointing 4Q Results
Friday, June 21, 2013 - 11:20am | 178In a report published Friday, Oppenheimer analyst Brian Schwartz reiterated an Outperform rating on Oracle (NASDAQ: ORCL), but lowered the price target from $40.00 to $37.00. In the report, Oppenheimer noted, “Oracle reported disappointing 4Q software results and guidance owing to ‘macro...
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UPDATE: Oppenheimer Raises PT on Demandware on Strengthening Trends
Friday, June 21, 2013 - 10:49am | 145In a report published on Thursday, Oppenheimer analyst Brian Schwartz raised the price target on Demandware (NYSE: DWRE) from $35 to $40 and reiterated an Outperform rating on the company. In the report, Oppenheimer stated, "We reiterate our Outperform rating and raise our PT to $40 (was $35)...
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Piper Jaffray Reiterates Overweight Rating for Convio as Charitable Giving Shifts Online
Thursday, July 1, 2010 - 10:37am | 136Piper Jaffray analysts Mark Murphy and Brian Schwartz reiterated an Overweight rating for Convio (NADAQ:CNVO) and a price target of $13.00. Convio is a provider of online fundraising solutions for charities and non-profits. Piper Jaffray said, "Industry data shows that aggregate US charitable...