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The Street's Reaction To Salesforce's Big Q3 Beat
Wednesday, November 28, 2018 - 11:29am | 1162Salesforce.com, inc. (NYSE: CRM) reported Tuesday a top-and-bottom-line beat in its third quarter. Earnings came in at 61 cents per share, beat estimates by 11 cents while sales of $3.392 billion beat $3.37 billion estimates. Here is a summary of how some of the Street's top analysts reacted to...
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Analysts React To Autodesk's Earnings Beat
Wednesday, November 21, 2018 - 12:26pm | 398Autodesk, Inc. (NASDAQ: ADSK) stock is trading higher by 8 percent after the company reported better-than-expected third-quarter earnings and issued fourth-quarter guidance ahead of Wall Street estimates. Autodesk reported adjusted Q3 EPS of 29 cents on revenue of $660.9 million. Analysts has...
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Elastic's Quiet Period Ends: What The Street Thinks
Tuesday, October 30, 2018 - 2:15pm | 620Shares of Netherlands-based Elastic NV (NYSE: ESTC), the company behind Elasticsearch and the Elastic Stack, rose nearly 100 percent on its trading debut in early October. The Street is offering first takes on the stock now that the quiet period has come to an end. The Analysts...
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Microsoft's Q1 Print Reinforces Bullish Sell-Side Views
Thursday, October 25, 2018 - 12:05pm | 939Microsoft Corporation (NASDAQ: MSFT) reported first-quarter results Wednesday afternoon that included an EPS beat; here's how some of the Street analysts covering the tech giant reacted. The Analysts Wells Fargo's Philip Winslow maintains an Outperform rating on Microsoft's...
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Twilio Sells Off Following SendGrid Deal, But Analysts Remain Bullish
Tuesday, October 16, 2018 - 12:37pm | 764Twilio Inc (NYSE: TWLO), a cloud communications platform, said Monday it reached an agreement to acquire SendGrid Inc (NYSE: SEND), a digital communications platform that specializes in mass e-mailing. Here's a roundup of how some of the Street's analysts reacted to the merger. The Analysts...
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The Street Debates Box: Buy The Dip Or Expect More Declines?
Wednesday, August 29, 2018 - 3:14pm | 649Cloud storage provider Box Inc (NYSE: BOX) reported Tuesday its second-quarter results, which showed multiple concerning metrics, including a slowdown in billings growth and a slightly weak outlook for the third quarter. The Analyst KeyBanc Capital Markets' Rob Owens maintains an Overweight...
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Should Investors Buy The Dip In Dropbox? 4 Analysts Weigh In
Friday, August 10, 2018 - 3:48pm | 718Dropbox Inc (NASDAQ: DBX) shares moved lower in reaction to second-quarter results that came in better-than-expected but were accompanied by an announcement of Chief Operating Officer Dennis Woodside's departure. Should investors take advantage of the dip? Four street...
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Canaccord: Pullback In Dropbox After Q2 Print 'A Gift'
Friday, August 10, 2018 - 9:48am | 432Dropbox Inc (NASDAQ: DBX) apparently disappointed the Street with its second quarterly report as a public company Thursday. The Analyst Canaccord Genuity analyst Richard Davis maintained a Buy rating on the shares of Dropbox and lifted the price target from $36 to $38....
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Wall Street Reacts After Adobe Posts Q2 Earnings Beat
Friday, June 15, 2018 - 10:34am | 912Adobe Systems Incorporated (NASDAQ: ADBE)'s fiscal second-quarter print came in better than expected Thursday afternoon. Here's how the sell side reacted. The Analysts Pivotal Research Group's Brian Wieser maintained Adobe at Hold with a price target lifted from $...
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Here's What Wall Street Is Saying About Smartsheet
Tuesday, May 22, 2018 - 3:55pm | 526Smartsheet Inc (NYSE: SMAR), a cloud-based collaboration platform that makes it easier for businesses to plan, track and automate work at scale, saw its shares trade on a public exchange in late April for the first time. Now that the quiet period has ended, some of the Street's top analysts are...
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Analyst: The Dropbox Post-Earnings Dip Should Be Bought 'Aggressively'
Friday, May 11, 2018 - 12:57pm | 329The 4-percent decline in Dropbox Inc. (NASDAQ: DBX)'s stock in reaction to its first-quarter earnings report is somewhat puzzling as the company delivered upside on "essentially every financial metric," according to Canaccord Genuity. The Analyst Canaccord Genuity's Richard...
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Bulls On Parade: Wall Street Reacts To Microsoft's Q3
Friday, April 27, 2018 - 3:36pm | 801Microsoft Corporation (NASDAQ: MSFT)'s third-quarter report Thursday sent shares to an all-time high of $97.90. Are sell-side analysts still recommending investors buy the stock at this price? The Analysts Bernstein's Mark Moerdler maintains an Outperform rating on...
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Email's Not Dead: Canaccord Buys SendGrid For 'Obvious' Cash Flow Potential
Wednesday, April 25, 2018 - 3:47pm | 400SendGrid Inc (NYSE: SEND) is up 58 percent since its December initial public offering, but one analyst still sees room to run. The Rating Canaccord Genuity analysts Richard Davis and David Hynes Jr. initiated coverage of SendGrid with a Buy rating and a $32 price target. The Thesis By Canaccord...
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Okta Has 'Run The Playbook Flawlessly,' Canaccord Genuity Says In Upgrade
Monday, April 23, 2018 - 2:26pm | 397The bullish case for Okta Inc (NASDAQ: OKTA) is quite simple: positive fundamental data continues to stack up, sending positive signals for the company's outlook, according to Canaccord Genuity. The Analyst Canaccord's Richard Davis upgraded Okta's stock rating from Hold to Buy with a...
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Adobe Hits New Highs: Wall Street Debates If It's Time To Buy Or Sell
Sunday, March 18, 2018 - 3:20pm | 675Adobe Systems Incorporated (NASDAQ: ADBE) reported last Thursday its fiscal first quarter results which helped boost the stock to a new all-time high of $228.88 Friday. With the stock now up more than 80 percent over the past year, are Wall Street analysts recommending investors cash in on their...