Michael Turits

Cloud stocks got a bullish vote of confidence on Tuesday after KeyBanc initiated coverage of a number of software names. The Analyst: KeyBanc analyst Michael Turits initiated coverage of a number of software stocks, including the following six enterprise applications and cloud companies:...

Microsoft Corporation (NASDAQ: MSFT) reported stellar fiscal-year second-quarter results, sending shares higher. Microsoft reported quarterly earnings of $1.51 per share, which beat the analyst consensus estimate of $1.32. This is a 37% increase over earnings of $1.10 per share from the same period...

Cloudera Inc (NYSE: CLDR) delivered an all-round beat in the third quarter and raised guidance for the fourth quarter and full year. The company’s business seems stable, but there is limited visibility into growth accelerating toward industry growth rates, according to Raymond James. The...

Cybersecurity company FireEye Inc (NASDAQ: FEYE) reported third-quarter results, which came in better than management's own guidance but received mixed reception from Street analysts. The Analysts Raymond James analyst Michael Turits maintains a Market Perform rating on FireEye's stock....

VMware, Inc. (NYSE: VMW) shares tumbled on Friday after the company reported a mostly in-line second quarter and announced two big acquisitions. In addition to the highly-anticipated $2.7 billion deal for Pivotal Software Inc (NYSE: PVTL), VMware also took the market by surprise by announcing a $2....

ServiceNow Inc (NYSE: NOW) reported second-quarter results, highlighted by a modest billings beat. Revenue grew by 35% year-over-year and subscription revenue was higher by 36% year-over-year. Management lifted GAAP subscription revenue guidance for the full fiscal year from $3.243 billion to $3.25...

Microsoft Corporation (NASDAQ: MSFT) shares traded higher by 3% on Friday morning after the company reported a fiscal fourth-quarter earnings beat led by strength in its cloud computing business. Microsoft exceeded consensus analyst expectations for fourth-quarter earnings and revenue and also...

Data analytics company Splunk Inc (NASDAQ: SPLK) reported a beat-and-raise first quarter Thursday. Notwithstanding the solid results, the stock was sharply lower in Friday's session. BTIG analyst Edward Parker told Benzinga Friday that Spunk had a "great quarter," but billings...

Wall Street analysts gushed over yet another strong quarter from Microsoft Corporation (NASDAQ: MSFT) as investors pumped the computing giant’s stock even higher. Reactions on the Street ranged from astonishment over what one analyst called a “no blemishes” quarter to those no...

Although Splunk Inc (NASDAQ: SPLK) is likely to witness increased competition from additional product offerings in the SIEM/SOAR space, the strength of the company’s platform lies in being able to deal with unstructured data for IT and security, according to Raymond James. The Analyst Raymond...

Big data software company Splunk Inc (NASDAQ: SPLK) reported strong fourth-quarter earnings, which prompted three Street analysts to turn incrementally bullish on the stock. Raymond James: The Numbers Splunk's fourth-quarter report is highlighted by multiple beats driven by license upside and...

Enterprise software company VMware, Inc. (NYSE: VMW) reported fourth-quarter results Thursday that which expectations and helped push the stock to new all-time-highs. Here's how VMWare analysts on the Street reacted. The Analysts Wedbush's Daniel Ives maintains an Outperform rating on...

Team collaboration and productivity software provider Atlassian Corporation PLC (NASDAQ: TEAM) reported forecast-beating Q2 results last week. Here are how a few analysts reacted to the print. JMP: Atlassian Embracing The Emerging Trend Atlassian is capitalizing on the trend of cloud adoption...

VMware, Inc. (NYSE: VMW) has distributed a special dividend of $26.81 per share related to the completion of the Dell Technologies (NYSE: DELL) Class V common stock (DVMT) transaction Dec. 28. The agreement requiring Dell to seek approval for future share acquisitions or special dividends should be...

VMware, Inc. (NYSE: VMW) reported a beat-and-raise quarter, sending its shares sharply higher Friday morning. The Analysts Jefferies analyst John DiFucci maintained a Buy rating on VMware and raised the price target from $186 to $196. Wedbush's Daniel Ives maintained an Outperform...