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HubSpot Is A Marketing Software Leader; DA Davidson Initiates With Buy
Tuesday, October 4, 2016 - 8:37am | 311HubSpot Inc (NYSE: HUBS) is creating a “compounding, recurring revenue model,” DA Davidson’s Jack Andrews said in a report. He initiated coverage of the company with a Buy rating and a price target of $76. HubSpot is focusing on the small and medium business market, an arena...
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Proofpoint Is a 'Leading' Cloud Security Name, But Valuation Is Premium
Tuesday, October 4, 2016 - 8:11am | 321While Proofpoint Inc (NASDAQ: PFPT) is likely in “the early stages of its growth opportunity,” the stock does not fully reflect macro risks, DA Davidson’s Jack Andrews said in a report. He initiated coverage of the company with a Neutral rating and a price target of $80....
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Salesforce Buys Krux: What It Means
Tuesday, October 4, 2016 - 7:52am | 334Salesforce.com, inc. (NYSE: CRM) has filed an 8-k that states that the company has entered into a definite agreement to acquire Krux Digital. D.A. Davidson’s Jack Andrews maintained a Neutral rating on Salesforce, while lowering the price target from $86 to $80. “The proposed...
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DA Davidson Looking At Oracle's Q1, Keeps Its Eyes On The Cloud
Friday, September 16, 2016 - 1:04pm | 254Jack Andrews of DA Davidson maintained a Buy rating on Oracle Corporation (NYSE: ORCL) after the company reported Q1 results on Thursday. Andrews noted that while Oracle's reported earnings and revenue came in lower than expected, "strong" results from the cloud segment should...
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D.A. Davidson Attributes Salesforce Billings Miss To Currency Headwinds
Thursday, September 1, 2016 - 12:17pm | 244Shares of Salesforce.com, inc. (NYSE: CRM) fell more than 6 percent as investors were disappointed with the below-than-expected billings growth for the second quarter as well as third quarter guidance miss. Jack Andrews of D.A. Davidson reiterated his Neutral rating and $86 target, and...
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Palo Alto's Shift To Cloud Business Seems To Be Accelerating
Thursday, September 1, 2016 - 11:34am | 408Palo Alto Networks Inc (NYSE: PANW) reported robust FYQ4:16 results, with the revenue and EPS beating expectations. D.A. Davidson’s Jack Andrews reiterated a Buy rating on the company with a price target of $186. Strong Q4 The company reported its revenue for the quarter at $400.8 million,...
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Salesforce Has Had 'Meet Or Beat' Quarters For The Past 7 Years; Will The Streak Continue?
Tuesday, August 30, 2016 - 3:33pm | 446Salesforce.com, inc. (NYSE: CRM) will announce its fiscal second-quarter results on August 31 after the market close, and D.A. Davidson expects the company to report an in-line EPS, while projecting revenue above consensus. Analyst Take The brokerage expects non-GAAP EPS of $0.22, which matched the...
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D.A. Davidson Likes What It Sees In Splunk's Q2 Report
Friday, August 26, 2016 - 11:33am | 357Splunk Inc (NASDAQ: SPLK) reported robust FYQ2:17 results, with the revenue ahead of the estimates, consensus and guidance. D.A. Davidson’s Jack Andrews reiterated a Buy rating on the company with a price target of $83. Beat Results Splunk reported its revenue and EPS for FYQ2:17 at $212.75...
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Workday Still On Track For Potential Re-Acceleration
Thursday, August 25, 2016 - 2:59pm | 253On Wednesday after the market close, Workday Inc (NYSE: WDAY) reported slightly weak earnings and forecasts, but displayed strong revenues relative to analyst estimates. D.A. Davidson's Take "While WDAY posted a positive operating margin, EPS was negatively impacted by a ~$15 million charge...
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D.A. Davidson Expecting Nearly 40% Top-Line Growth From Splunk's Q2
Wednesday, August 24, 2016 - 1:19pm | 332D.A. Davidson expects about 40 percent sales growth from Splunk Inc (NASDAQ: SPLK) when it reports its second-quarter numbers on August 25. The brokerage expects second-quarter revenue to grow 37.9 percent year-over-year to $204.6 million, compared to consensus of $200.5 million and guidance of $...
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3 Reasons Workday's Business May Be Re-Accelerating
Wednesday, August 24, 2016 - 12:58pm | 516D.A. Davidson, which reaffirmed its Buy rating and $99 price target on Workday Inc (NYSE: WDAY), revealed three reasons why the company's business might be re-accelerating. Justification For 'Re-Acceleration' Claim 1. Workday has earlier stated that it faces an estimated 5 percent headwind to FY17...
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D.A. Davidson Bails On Tableau Software, Downgrades And Cuts Price Target 42%
Wednesday, August 3, 2016 - 3:20pm | 311D.A. Davidson is moving to the sidelines on big data play Tableau Software Inc (NYSE: DATA). The firm has downgraded the stock from Buy to Neutral and lowered its price target by 42 percent. According to analyst Jack Andrews, Tableau’s business is simply too complex at the moment to allow for...
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Market Volatility A Positive For D.A. Davidson's Price Target On CyberArk Software
Friday, July 8, 2016 - 8:42am | 341The risk/reward for Cyberark Software Ltd (NASDAQ: CYBR) remains balanced, D.A. Davidson's Jack Andrews said in a report. He reiterated a Neutral rating on CyberArk Software, while raising the price target from $42 to $51, saying that the recent market volatility had impacted the valuation...
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D.A. Davidson Sees Oracle Q4 Earnings Below Consensus
Thursday, June 16, 2016 - 2:24pm | 360Oracle Corporation (NYSE: ORCL) is expected to report its fourth-quarter numbers on June 16 after the market close, and D.A. Davidson expects the results to be below consensus. Projections For Q4 Analyst Jack Andrews expects non-GAAP EPS of $0.80, compared to the Street's $0.82 and the company...
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D.A. Davidson Expects In-Line Q1 From Tableau Software, Although Investor Sentiment Remains Mixed
Tuesday, May 3, 2016 - 10:02am | 365D.A. Davidson sees in-line results from Tableau Software Inc (NYSE: DATA) when the Seattle, Washington-based provider of business intelligence software reports its first-quarter numbers on May 5. Earnings Expectations Analyst Jack Andrews expects a non-GAAP loss per share of $0.11 versus consensus...