-
When Zendesk Stock Hits Low-$20s, This Analyst Will Get Interested
Thursday, February 9, 2017 - 3:39pm | 318Read More...Shares of Zendesk Inc (NYSE: ZEN) rallied more than 17 percent on strong December quarter print and Canaccord Genuity maintains its Buy rating given the results showed upside on revenue, operating margins, EPS, FCF and billings. Quarterly Print The fourth-quarter results were a welcome relief for...
-
Veeva Shares Remain In A Permanent State Of 'Expensiveness'
Wednesday, November 23, 2016 - 1:25pm | 327Read More...Canaccord Genuity maintained its Buy rating on Veeva Systems Inc (NYSE: VEEV) following the company’s third quarter beat and solid guidance. Veeva Reports Q3 GAAP EPS $0.15, Adj. EPS $0.22 vs $0.16 Est., Revenues $142.8M vs $135.67M Est Veeva Sees Q4 Adj. EPS $0.17 vs $0.15 Est.,...
-
Salesforce's Q3 May Prove It Doesn't Need Big Acquisitions To Grow
Friday, November 18, 2016 - 3:01pm | 284Read More...The solid quarterly results of salesforce.com, inc. (NYSE: CRM) may prove that the enterprise software company doesn’t always need acquisitions to boost growth. Richard Davis of Canaccord Genuity feels the software sector, including Salesforce, could witness a rally in the coming weeks if...
-
Box's Current Valuation Still Holds Upside For Investors Who Missed Lower Level Entrance
Monday, September 12, 2016 - 3:49pm | 355Read More...Close on the heels of Box Inc (NYSE: BOX) delivering another quarter of positive earnings surprise, Canaccord Genuity believes the stock still presents an opportunity for upside potential. Therefore, the brokerage advised investors who missed earlier entrances to buy the stock. The firm maintains...
-
Canaccord Equity's Buy Thesis On Exa Corporation Remains Intact
Tuesday, August 30, 2016 - 2:05pm | 379Read More...A day after Exa Corp (NASDAQ: EXA) provided an earnings surprises for the fourth straight quarter, Canaccord Equity analysts David Hynes, Richard Davis and Mark Belcarz said there was no change in the firm's Buy thesis. However, the analysts have boosted the price target from $15 to $18. The...
-
Workday's Q2 Nothing To Complain About; Canaccord's Price Target Raised To $98
Thursday, August 25, 2016 - 1:26pm | 473Read More...Canaccord Genuity has raised its price target on Workday Inc (NYSE: WDAY) to $98 from $85 following its strong second-quarter results and upbeat guidance. The revised price target of $98 implies a potential upside of 23 percent over Wednesday's close. Workday reported a strong set of results with...
-
Microsoft Shares Are Neither 'Cheap Nor Expensive,' Canaccord Says
Wednesday, July 20, 2016 - 1:18pm | 352Read More...Microsoft Corporation (NASDAQ: MSFT) shares are surging 6.2 percent on Wednesday following the company’s Q2 earnings beat. Canaccord analyst Richard Davis admits that the numbers from Microsoft were strong, but he is still not convinced the stock is a Buy. Canaccord was hoping for a pullback...
-
Canaccord Is Against The Majority On Adobe Systems: Reiterates Buy
Wednesday, June 22, 2016 - 11:43am | 195Read More...Canaccord's Richard Davis maintains Adobe Systems Incorporated (NASDAQ: ADBE)'s Buy rating and continues the firm's price target of $110.00. "We continue to push back against what seems to be a pervasive belief that Adobe's best days are behind it," said Davis. The analyst cited two reasons for his...
-
Canaccord Sees Bullish Psychology On Oracle Returning
Friday, June 17, 2016 - 10:20am | 292Read More...Oracle Corporation (NYSE: ORCL) report a robust quarter, with strong overall cloud performance. Canaccord Genuity’s Richard Davis maintained a Buy rating on the company, with a price target of $45. Bullish Momentum to Return “We acknowledge, but believe investor fear over Oracle...
-
Microsoft Is Betting On 'Socializing The Productivity Suite'
Tuesday, June 14, 2016 - 11:10am | 375Read More...Microsoft Corporation (NASDAQ: MSFT) announced it was acquiring LinkedIn Corp (NYSE: LNKD) for $196 per share in cash, or a total of $26.2 billion. Canaccord Genuity’s Richard Davis maintained a Hold rating on Microsoft, with a price target of $55. “While we can’t say that we...
-
Canaccord Bumps Workday's Price Target To $85, Reiterates Buy Rating
Wednesday, June 1, 2016 - 4:40pm | 155Read More...Canaccord's Richard Davis raised Workday Inc (NYSE: WDAY)'s price objective from $75.00 to $85.00 while maintaining a Buy rating. The price target change came after the company announced earnings after Tuesday's close. Davis was satisfied with Workday's earnings report and...
-
Splunk Shares Are 'Poised For A Breakout,' Says Canaccord Genuity
Friday, May 27, 2016 - 3:13pm | 429Read More...Canaccord Genuity said Splunk Inc (NASDAQ: SPLK) shares are poised for a break out after a strong quarter. Quarterly Results Splunk reported a strong quarter as revenue, operating margins and FCF came in ahead of expectations. The company recorded 318 orders over $100K, up 41 percent from last year...
-
Canaccord Says Splunk Poised For A Break Out
Friday, May 27, 2016 - 10:28am | 264Read More...Splunk Inc (NASDAQ: SPLK) reported a strong quarter, with revenue, operating margins and FCF ahead of expectations. Canaccord Genuity's Richard Davis reiterated a Buy rating for the company, while raising the price target from $60 to $65. The analyst believes the shares are poised for a break...
-
Shopify Has Several Positives Pointing To A 'Long-Tail Growth Story'
Thursday, May 26, 2016 - 11:28am | 273Read More...Shopify Inc (NYSE: SHOP) has several positives that point to a “long-tail growth story,” Canaccord Genuity’s Richard Davis said in a report. The analyst reiterated a Buy rating for the company, with a price target of $38. Despite the market being flat, Shopify’s shares...
-
Analyst Looking For A Rebound In Oracle As Stock 'So Disliked' Heading Into Q2 Results
Tuesday, December 15, 2015 - 10:21am | 255Read More...The share price of Oracle Corporation (NYSE: ORCL) has declined 16.28 percent year-to-date, falling almost to its 52 week low, at $35.44 on September 28. Richard Davis of Canaccord Genuity has maintained a Buy rating on the company, with a price target of $44. Davis believes that the...
