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Jefferies Upgrades Salesforce, But Sees Little Upside For Investors At Current Prices
Tuesday, February 9, 2016 - 11:47am | 316Shares of salesforce.com, inc. (NYSE: CRM) have declined 26.44 percent over the past three months, to a low of $54.05 on February 8. Jefferies’ John DiFucci has upgraded the rating on the company to Hold, with a price target of $54. The upgrade is based on the meaningful decline in...
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At A New All-Time High, Salesforce's Outlook Is Exciting Wall Street Analysts
Thursday, November 19, 2015 - 11:59am | 1075Shares of salesforce.com, inc. (NYSE: CRM) spiked higher by more than 6 percent on Thursday. Salesforce's stock hit a new all-time high of $82.90 on Thursday. Investors and traders bought the stock following a better-than-expected Q3 and encouraging outlook, but are Wall Street...
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Salesforce Earnings Preview: What Wall Street's Top Analysts Are Saying
Wednesday, May 20, 2015 - 10:24am | 743Salesforce.com, inc. (NYSE: CRM) is scheduled to report its first quarter results Wednesday after market close. The Estimize Consensus earnings per share estimate (based on 57 estimates) is $0.15 on revenue of $1.508 billion. This compares to the Wall Street estimate calling for an earnings per...
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Jefferies Is Having A Big Telecom Conference; Here's What's Happening
Wednesday, May 13, 2015 - 3:33pm | 893Jefferies analysts John DiFucci and Brad Zelnick commented Wednesday on the firm’s 2015 Technology, Media and Telecom Conference. The firm hosted executives from several companies. Below are highlights from the analyst report along with ratings, where applicable. Red Hat Inc (NYSE: RHT...
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7 Things Wall Street Is Saying About Oracle Before Earnings
Monday, March 16, 2015 - 5:29pm | 681Oracle Corporation (NYSE: ORCL) reports fiscal Q3 earnings Tuesday following the market close. The Street expected EPS of $0.68 on revenue of $9.47 billion. For Q4, consensus EPS was $0.94 on revenue of $11.44 billion. For the full 2015 fiscal year, consensus was for EPS of $2.95 on revenue...
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Jefferies Initiates Coverage On Software Companies
Friday, November 21, 2014 - 12:15pm | 563Jefferies initiated coverage on software companies Thursday and saw the industry as one of the “most promising environments for innovation” that the analysts have seen in their years covering the space. Analysts led by John DiFucci believed “the Software sector is riding a wave...
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Jefferies: More Evidence Needed On SAP SE's HANA Acceptance
Friday, November 21, 2014 - 8:24am | 185SAP SE's (NYSE: SAP) recently upgraded appliance that enables access to its service via mobile devices could be a growth driver, but evidence is so far sketchy, an analyst said Thursday. Jefferies' John DiFucci launched coverage on the company with a Hold rating and $45.44 target. SAP...
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Jefferies Initiates Coverage On Oracle
Friday, November 21, 2014 - 8:10am | 171Jefferies released an industry note Thursday on software and initiated coverage on Oracle Corporation (NYSE: ORCL) with a Hold rating and $41 price target. Overall, the analyst report commented that “Key advances in foundational computing technologies over the last decade set the stage...
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Jefferies Initiates Coverage On Adobe Systems
Thursday, November 20, 2014 - 6:47pm | 187Jefferies released an industry note Thursday on software and initiated coverage on Adobe Systems Incorporated (NASDAQ: ADBE) with a Buy rating and $83 price target. Analysts led by John DiFucci commented that they “seek to invest in companies with a compelling combination of growth and...
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Jefferies Initiates Coverage On Microsoft
Thursday, November 20, 2014 - 6:34pm | 204Late Thursday, analysts at Jefferies initiated coverage on Microsoft Corporation (NASDAQ: MSFT) with an Underperform rating and $40 price target. John DiFucci stated, “MSFT shares have rallied sharply over the past year driven by expectations for improved operational performance due to...
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UPDATE: J.P. Morgan Downgrades AVG Technologies NV Following Tough 3Q, Worse Guide
Friday, November 8, 2013 - 9:43am | 201In a report published Friday, J.P. Morgan analyst John DiFucci downgraded the rating on AVG Technologies NV (NYSE: AVG) from Neutral to Overweight, and lowered the price target from $28.00 to $20.00. In the report, J.P. Morgan noted, “AVG reported disappointing 3Q results, but its 4Q guidance and...
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J.P. Morgan Reiterates on RingCentral Following Impressive 3Q Results
Wednesday, November 6, 2013 - 11:19am | 147In a report published Wednesday, J.P. Morgan analyst John DiFucci reiterated an Overweight rating and $25.00 price target on RingCentral (NYSE: RNG). In the report, J.P. Morgan noted, “RingCentral is a first mover of a disruptive force in the huge existing market for business phone systems, which...
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J.P. Morgan Reiterates on Citrix Systems on Fair Valuation
Thursday, October 24, 2013 - 8:40am | 113In a report published Thursday, J.P. Morgan analyst John DiFucci reiterated a Neutral rating and $56.00 price target on Citrix Systems (NASDAQ: CTXS). In the report, J.P. Morgan noted, “We rate shares of CTXS Neutral. Although we continue to believe Citrix faces structural challenges in its core...
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UPDATE: J.P. Morgan Upgrades VMware on Ample Room for Growth
Friday, October 18, 2013 - 12:01pm | 147In a report published Friday, J.P. Morgan analyst John DiFucci upgraded the rating on VMware (NYSE: VMW) from Neutral to Overweight, and raised the price target from $89.00 to $100.00. In the report, J.P. Morgan noted, “This is the first of a series of reports assessing the opportunity associated...
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J.P. Morgan Reiterates Neutral on Microsoft Corporation Ahead of Company Analyst Day
Wednesday, September 18, 2013 - 9:05am | 127In a report published Wednesday, J.P. Morgan analyst John DiFucci reiterated a Neutral rating and $30.00 price target on Microsoft Corporation (NASDAQ: MSFT). In the report, J.P. Morgan noted, “Before the market open on Tuesday, MSFT announced a moderate increase to its quarterly dividend that was...