Michael Turits

Shares of C3.ai Inc (NYSE: AI) tanked Thursday after the company reported a fiscal second-quarter revenue miss. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. JMP Securities On C3.ai Analyst Patrick Walravens maintained a...

UiPath Inc (NYSE: PATH) shares jumped in premarket trading on Friday, after the company reported its third-quarter results. The results came during an exciting earnings season. Here are some key analyst takeaways from the earnings release. BMO Capital Markets On UiPath Analyst Keith Bachman...

Splunk Inc (NASDAQ: SPLK) shares were rising in early trading on Wednesday after the company reported upbeat third-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. Truist Securities On Splunk Analyst Joel Fishbein...

Shares of Datadog Inc (NASDAQ: DDOG) were retracing on Wednesday, after spiking around 30% in the previous trading session on upbeat third-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. Truist Securities On...

After the first week of earnings, analysts have tempered their expectations for profit growth, anticipating a continuation of the profit-declining trend. The Week That Was: The blended year-over-year earnings of S&P 500 companies are expected to decrease by 0.4%, marking the fourth...

Shares of Splunk Inc (NASDAQ: SPLK) rose in early trading on Thursday, after Cisco Systems Inc (NASDAQ: CSCO) announced its intention to acquire the company for $157 per share. BMO Capital Markets On Splunk Analyst Keith Bachman downgraded the rating from Outperform to Market Perform, while raising...

Shares of Workday Inc (NASDAQ: WDAY) rose in early trading on Friday, after the company reported its fiscal second-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. Needham On Workday: Analyst Scott Berg maintained a...

Shares of Palo Alto Networks Inc (NASDAQ: PANW) jumped in Wednesday’s premarket session, after the company reported quarterly earnings. KeyBanc Capital Markets analyst Michael Turits reaffirmed an Outperform rating, while raising the price target from $210 to $230. Guggenheim Securities...

There is likely to be a slowdown in enterprise software spending growth in 2023. “Commentary by IT buyers, vendors, and channel partners suggests very low IT purchasing in the first half,” according to KeyBanc Capital Markets. The Enterprise Software Analyst: Michael Turits said in...

Palo Alto Networks Inc.’s (NASDAQ: PANW) stock climbed Monday after the Santa Clara, California-based company reported strong quarterly earnings and announced a 3-for-1 stock split. KeyBanc Capital Markets On Palo Alto Networks Analyst Michael Turits reiterated an Overweight rating, while...

Palo Alto Networks Inc (NASDAQ: PANW) reported revenues and earnings for its fiscal third-quarter ahead of expectations. BofA Securities On Palo Alto Networks: Analyst Tal Liani reiterated a Buy rating and a price target of $650. “Palo Alto Networks continues to draw strength from its new...

Datadog Inc (NASDAQ: DDOG) reported strong fourth-quarter results on Thursday, sending its shares sharply higher. The Datadog Analyst: KeyBanc Capital Markets analyst Michael Turits upgraded Datadog shares from Sector Weight to Overweight, with a $210 price target, suggesting about...

Microsoft Corporation (NASDAQ: MSFT) announced Tuesday its biggest-ever acquisition by agreeing to buy Activision Blizzard, Inc. (NASDAQ: ATVI) for $68.7 billion. Microsoft analysts are saying the deal is a huge positive for the software giant.  The Microsoft Analysts: Credit Suisse analyst...

KeyBanc analyst Michael Turits sees Five9 Inc (NASDAQ: FIVN) as one of the best-positioned names in the communications-software space. The Five9 Analyst: Turits upgraded the firm’s rating from sector weight to overweight and issued a price target of $200, an upside of about 25% to...

One of the best-performing IPOs of 2020 was SaaS company C3.ai Inc (NASDAQ: AI). The stock priced at $42, above its initial range of $30 to $33, and closed at $161 in their first week of trading.  Growth Ahead: C3.ai is called a disruptive enterprise software vendor by Wedbush analyst Daniel...