-
This Snowflake Analyst Is Turning Bullish On Innovation, Valuation
Wednesday, June 15, 2022 - 12:31pm | 222Snowflake Inc’s (NYSE: SNOW) analyst day and customer conference highlighted innovations that could lead to higher consumption and better monetization, according to Canaccord Genuity. The Snowflake Analyst: David Hynes upgraded Snowflake from Hold to Buy while establishing a price target...
-
Why Elastic Is Trading Higher Today
Thursday, June 3, 2021 - 8:39am | 348Elastic NV (NYSE: ESTC) is trading higher Thursday morning after the company announced better-than-expected financial results. What Happened: Elastic reported a quarterly earnings loss of 8 cents, which beat the estimate for a loss of 16 cents. The company reported quarterly revenue of $177.6...
-
Why Jon Najarian Is Bullish On Snowflake
Thursday, May 27, 2021 - 3:24pm | 481Jon Najarian is bullish on Snowflake Inc (NYSE: SNOW) after earnings, he said Thursday on CNBC's "Fast Money: Halftime Report." What Happened: Snowflake reported an earnings loss of 70 cents, which missed the estimate for a loss of 16 cents. The company reported quarterly...
-
Here's What Slack Analysts Say Investors Should Do Now
Wednesday, December 2, 2020 - 12:51pm | 452Slack Technologies Inc (NYSE: WORK) shares have rallied 45.5% in just over a week following the initial reports of a buyout by salesforce.com, inc. (NYSE: CRM). On Tuesday, Salesforce confirmed a buyout deal priced at roughly $44.07 per share as of Wednesday morning’s prices. Slack also...
-
Paycom Surges But These Analysts Remain Sidelined
Wednesday, February 6, 2019 - 6:11pm | 430Cloud-based management software company Paycom Software Inc (NYSE: PAYC) reported fourth-quarter results that came in better than expected and helped boost the stock to a new 52-week high. The Analysts Guggenheim Partners' Nandan Amladi maintains a Neutral rating on Paycom Software with a price...
-
Why Adobe's CFO Transition Is No Reason To Fret
Tuesday, January 23, 2018 - 3:07pm | 373Adobe Systems Incorporated (NASDAQ: ADBE) shares peaked as much as 6.4 percent after hours Monday on positive guidance and news of the CFO’s retirement. One analyst firm thinks the market’s underreacting. The Analyst Canaccord Genuity analysts Richard Davis and David Hynes reiterated...
-
Analyst: If You Didn't See A Solid Quarter From Atlassian Coming, You Haven't Been Paying Attention
Friday, October 20, 2017 - 1:32pm | 457Following the release of fiscal year first-quarter results by Atlassian Corporation PLC (NASDAQ: TEAM), Canaccord Genuity said the results were solid. The firm said if anyone expected much different after attending the firm's user conference and analyst day last month, they weren't paying...
-
Investors Have Underappreciated Microsoft Long Enough
Thursday, October 5, 2017 - 11:11am | 484Canaccord Genuity said in a note Wednesday its analysis suggests that investors have underestimated the virtuous cycles Microsoft Corporation (NASDAQ: MSFT) has created by assembling four compelling growth drivers in Office Productivity, Gaming, Marketing and Azure's Platform as a Service. As...
-
Twilio's Excellent Results May Take The Stock Up By 25% Over 6-12 Months
Tuesday, August 8, 2017 - 11:14am | 642Canaccord Genuity termed Twilio Inc (NYSE: TWLO)'s second-quarter results as excellent, even considering the de-risked guidance. Accordingly, the firm bumped up its price target to $38. Analysts Richard Davis and David Hynes said the print and guidance was a good first step, although they remained...
-
LifeLock's Stock Rallied 8% Amid Takeover Report; Canaccord Still A Buyer Of Shares
Monday, November 14, 2016 - 11:55am | 594Canaccord remains bullish on Lifelock Inc (NYSE: LOCK) not only for its rumored takeover reports, but also for the solid fundamental backdrop of the identity theft protection company. The Appeal Of Going Private Bloomberg reported that LifeLock is in talks with several parties about being taken...
-
Canaccord Equity's Buy Thesis On Exa Corporation Remains Intact
Tuesday, August 30, 2016 - 2:05pm | 379A day after Exa Corp (NASDAQ: EXA) provided an earnings surprises for the fourth straight quarter, Canaccord Equity analysts David Hynes, Richard Davis and Mark Belcarz said there was no change in the firm's Buy thesis. However, the analysts have boosted the price target from $15 to $18. The...
-
Needham Analysts Hopeful for Medidata Solutions Inc. (MDSO)
Friday, March 5, 2010 - 10:03am | 99Analysts Richard Davis and David Hynes at Needham reiterated a Buy rating for Medidata Solutions Inc. (NASDAQ: MDSO). Needham also projects 15% organic growth with a $22,12-month price target. In its third quarter as a public company, Medidata reported December quarter revenue, EBITDAO and non-GAAP...
-
Constant Contact, Inc. (CTCT) Maintains Buy Rating
Friday, February 5, 2010 - 11:30am | 146Analysts Richard Davis and David Hynes at Needham have maintained their Buy rating for Constant Contact, Inc. (NASDAQ: CTCT). The company reported results for the December quarter in line with analysts’ estimate. Constant Contact reported net new customer additions of 23,300 for the quarter. The...