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Risk/Reward Remains Favorable In FireEye Ahead Of Q4 Results
Wednesday, February 1, 2017 - 1:09pm | 307FireEye Inc (NASDAQ: FEYE) is scheduled to report its Q4 results on Thursday. While saying FireEye will likely report in-line revenue and EPS, DA Davidson’s Jack Andrews mentioned in a report that the company had made significant progress in transforming its business. Andrews maintained a...
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High Potential For A Mean Reversion Trade In ServiceNow
Thursday, January 26, 2017 - 1:20pm | 320ServiceNow Inc (NYSE: NOW) reported strong Q4 2016 results ahead of expectations. D.A. Davidson’s Jack Andrews recommended investors to accumulate the company’s shares ahead of “what we expect to be a mean reversion trade.” The analyst maintains a Buy rating on the company,...
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Expect A Strong Quarter Out Of ServiceNow
Tuesday, January 24, 2017 - 10:36am | 276D.A. Davidson expects a strong quarter from ServiceNow Inc (NYSE: NOW), which is expected to report its fourth-quarter numbers on Wednesday after market close. The brokerage anticipates ServiceNow, an enterprise cloud company, to report Street-matching non-GAAP EPS of $0.23. Further, D.A. Davidson...
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3 Near-Term Catalysts For Proofpoint Remain Intact
Tuesday, January 24, 2017 - 9:47am | 348Proofpoint Inc (NASDAQ: PFPT) is scheduled to report its Q4:16 results on Thursday after market close. D.A. Davidson’s Jack Andrews reiterated a Neutral rating on the company, with a price target of $79. Q4 Expectations The analyst expects Proofpoint to report revenue growth of 41.9 percent...
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D.A. Davidson Has Some Concerns About Cybersecurity Spending
Tuesday, December 20, 2016 - 9:49am | 517Following conversations with a number of cybersecurity industry participants, including customers, partners and company executives, D.A. Davidson’s Jack Andrews said in a report there were growing concerns regarding security software spending. He reduced the estimates and price targets for...
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Oracle's Competitive Position Is Improving, Cloud Continues To Strengthen
Friday, December 16, 2016 - 9:37am | 351Oracle Corporation (NYSE: ORCL) reported FQ2 2017 revenue modestly short of consensus expectations, mainly due to currency headwinds. While cloud strength continues, the company’s competitive position is improving. DA Davidson’s Jack Andrews maintained a Buy rating on the company,...
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Earnings Preview: Oracle's Overall Fundamentals Remain Healthy
Tuesday, December 13, 2016 - 9:45am | 390Oracle Corporation (NYSE: ORCL) is scheduled to report its fiscal year 2017 second-quarter results on December 15 after market close. D.A. Davidson’s Jack Andrews maintains a Buy rating on the company, with a price target of $52. Fundamentals Remain Healthy Andrews believes Oracle’s...
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Valuation Details Of KKR's Optiv Acquisition A Good Sign For FireEye
Thursday, December 8, 2016 - 10:19am | 328Private equity firm KKR announced it has entered into an agreement to acquire Optiv Security Inc., although the financial details of the transaction have yet to be disclosed. In light of the news, D.A. Davidson’s Jack Andrews reiterated a Buy rating on FireEye Inc (NASDAQ: FEYE), with a price...
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FireEye's New Helix Platform Is Encouraging
Tuesday, December 6, 2016 - 11:07am | 326D.A. Davidson maintains its Buy rating on FireEye Inc (NASDAQ: FEYE), saying the company’s new Helix platform is encouraging, as it brings about 30 separate FireEye products together under a single user interface. Helix “We believe Helix positions FEYE well regarding the key theme in...
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Expect A Strong Q3 Report Out Of Splunk
Wednesday, November 23, 2016 - 11:48am | 362Jack Andrews of D.A. Davidson expects above-consensus numbers from Splunk Inc (NASDAQ: SPLK) when it reports its third-quarter results on November 29. Expectations Andrews projects non-GAAP EPS of $0.09, above consensus at $0.08. The analyst sees third quarter revenue to grow 34.5 percent year-over...
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Workday May Issue Conservative Outlook
Wednesday, November 23, 2016 - 9:36am | 321Workday Inc (NYSE: WDAY) is scheduled to report if FYQ3 2017 on December 1 after market close. D.A. Davidson’s Jack Andrews maintains a Buy rating on the company, with a price target of $107. Q3 Expectations Andrews expects the company to have grown its revenue 31.9 percent year-on-...
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Look For Short-Term Volatility In Salesforce When Q3 Report Releases
Tuesday, November 15, 2016 - 2:55pm | 292D.A. Davidson expects an in-line EPS when salesforce.com, inc. (NYSE: CRM) releases its third-quarter results on November 17 after the market close. However, the brokerage expects short-term volatility in the sha res if the company provides a conservative outlook for FY 2018. Analyst's Expectations...
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Imperva Shares Reach A Compelling Valuation, D.A. Davidson Now A Buyer
Friday, November 4, 2016 - 12:08pm | 301Imperva Inc (NYSE: IMPV) reported its Q3 results ahead of expectations. The results indicated “stabilizing business fundamentals, and/or improving execution,” D.A. Davidson’s Jack Andrews said in a report. He commented that management’s implementation of a restructuring...
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Don't Expect Any Heroics Out Of FireEye's Q3
Thursday, November 3, 2016 - 3:07pm | 340D.A. Davidson says investors should not expect “any heroics” from FireEye Inc (NASDAQ: FEYE)’s third quarter results as the cybersecurity firm is in a transition phase. FireEye will announce its fiscal third quarter results after Thursday's close. Analyst Jack Andrews...
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Oracle Extends Deadline For NetSuite Tender Offer, Declares This To Be The Final Extension
Tuesday, October 11, 2016 - 11:33am | 307Oracle Corporation (NYSE: ORCL) has announced that it is extending the expiration date of its tender off to acquire NetSuite Inc (NYSE: N) for $109 to November 4. This marks the third time Oracle has extended its tender offer for NetSuite. "This will be the final extension that Oracle is obligated...