-
A Cybersecurity Earnings Preview
Monday, October 31, 2016 - 12:45pm | 805Read More...A number of cybersecurity companies are scheduled to report Q3 earnings this week. “We’re expecting generally in-line results across the space,” BTIG’s Joel P. Fishbein said in a report. Shares in the sector came under pressure after Fortinet Inc (NASDAQ: FTNT) issued a...
-
BTIG: Salesforce Weakness Partially Due To Seasonality
Thursday, September 1, 2016 - 7:58am | 314Read More...Although salesforce.com, inc. (NYSE: CRM) reported broadly in-line Q2 results, there is likely to be investor concern regarding “the full implications of the underwhelming billings performance and guidance,” BTIG’s Joel P. Fishbein said in a report. He maintained a Buy rating on...
-
Palo Alto Estimates Expected To 'Tick Up' At BTIG
Wednesday, August 31, 2016 - 7:27am | 316Read More...Palo Alto Networks Inc (NYSE: PANW) reported its Q4 results broadly in-line with expectations, while the guidance for FY17 could prove conservative, BTIG’s Joel P. Fishbein said in a report. He maintained a Buy rating on the company, with a price target of $210. While Palo Alto’s...
-
BTIG Says Workday 'Working It,' Raises Price Target
Thursday, August 25, 2016 - 8:27am | 277Read More...Workday Inc (NYSE: WDAY) reported healthy quarterly results, with both billings and revenues beating Street expectations. Large customer wins and a healthy pipeline support the assumption of the company being able to sustain medium term growth of more than 30 percent, BTIG’s Joel P....
-
Salesforce Makes Its Tenth Purchase In 12 Months With BeyondCore Deal
Monday, August 22, 2016 - 10:11am | 285Read More...On August 22, salesforce.com, inc. (NYSE: CRM) announced the acquisition of privately held business analytics solution provider, BeyondCore. BTIG’s Joel P. Fishbein, Jr. maintains a Buy rating on salesforce.com, with a price target of $100. Tenth Acquisition In 12 Months “While...
-
BTIG Previews Workday's Q2 Results, Comments On IBM Deal
Monday, August 22, 2016 - 9:17am | 321Read More...Workday Inc (NYSE: WDAY) is scheduled to report its F2Q17 results on August 24. The company would likely report an in-line quarter and turn profitable by FY18, BTIG’s Joel P. Fishbein said in a report. He maintained a Buy rating on Workday, with a price target of $92. Analyst Fishbein...
-
NetSuite's Solid Quarter Overshadowed By Oracle Deal News
Friday, July 29, 2016 - 9:52am | 395Read More...NetSuite Inc (NYSE: N) reported robust 2Q16 results, although they were overshadowed by the agreement to be acquired by Oracle Corporation (NYSE: ORCL) for $9.3 billion. BTIG’s Joel P. Fishbein, Jr. maintains a Neutral rating on NetSuite. 2Q Performance “We remain positive on the...
-
Oracle Price Target Raised At BTIG, Implies 15.5x Forward EPS
Thursday, July 14, 2016 - 7:30am | 241Read More...The much-awaited inflection point in Oracle Corporation’s (NYSE: ORCL) cloud business seems to have arrived, BTIG’s Joel P. Fishbein said in a report. He maintained a Buy rating on the company, while raising the price target from $44 to $47. Oracle continues to face stiff...
-
M&A 'In Vogue' In The Software Space
Monday, June 6, 2016 - 8:49am | 311Read More...“Software M&A seems to be back in vogue as both strategic and financial buyers announced high-priced acquisitions,” BTIG’s Joel P. Fishbein said in a report. salesforce.com, inc. (NYSE: CRM) announced a $2.8 billion deal for Demandware Inc (NYSE: DWRE). Vista Equity...
-
Proofpoint Remains 'A Consistent Grower With A Strong Track Record Of Execution,' BTIG Says
Friday, April 22, 2016 - 10:13am | 315Read More...Proofpoint Inc (NASDAQ: PFPT) posted robust 1Q16 results, with all metrics beating the consensus expectations. BTIG’s Joel P. Fishbein, Jr. maintains a Buy rating on the company, with a price target of $82. 1Q Beat Fishbein mentioned that billings were strong, rising 48 percent year-on-year...
-
FireEye Upgraded By BTIG, Firm Sees 'Clear Path' To Positive Free Cash Flow
Wednesday, February 10, 2016 - 10:44am | 351Read More...Amid volatility, FireEye Inc (NASDAQ: FEYE) shares have lost 32 percent since January 11. BTIG’s Joel P. Fishbein upgraded the rating for the company to Buy, with a price target of $15. The company is shifting its focus to greater stability and generating free cash flow, Fishbein...
