SAAS

Daimler Vans USA is recalling 2019 Mercedes-Benz and Freightliner Sprinter 1500, 2500, 3500 and 4500 vans because a software glitch can reduce the brightness or extinguish the taillights if the manual switch is turned too quickly. Reduced taillight visibility increases the risk of a crash,...

Salesforce.com, inc.'s (NYSE: CRM) second-quarter results came in better than expected. On top of an earnings and sales beat, management guided third-quarter results ahead of expectations and lifted its full-year sales guidance. Shares of Salesforce moved higher Friday and multiple analysts...

Software company Splunk Inc. (NASDAQ: SPLK) announced the acquisition of the SaaS company SignalFix for $1.05 billion Wednesday in conjuction with its second-quarter report. The deal is comprised of about 60% cash and 40% Splunk common stock, the company said in a press release. The deal is...

Salesforce.com, inc. (NYSE: CRM) is being overlooked by investors despite strong revenue and free cash flow growth potential, according to Morgan Stanley.  The Analyst Keith Weiss maintained an Overweight rating on Salesforce with a $178 price target. The Thesis A strong case for 25%-plus...

Declining revenue for a second-straight quarter in an increasingly competitive cloud-computing environment could loom for technology firm Oracle Corporation (NYSE: ORCL) as it prepares to report Wednesday. Most analysts expect a year-over-year revenue dip, although they also expect earnings...

Torii CEO Uri Haramati has announced that his company, which offers a platform for software-as-a-service (SaaS) management, was able to secure $3.5 million in a successful seed round. Haramati spoke publicly for the first time about the round during his presentation at the Collision Conference in...

Shopify Inc (NYSE: SHOP) is a best in class e-commerce platform, but it's a mistake to value the stock as if it's a pure-play software-as-a-service company, according to Morgan Stanley. The Analyst Morgan Stanley's Brian Essex downgraded Shopify from Equal-Weight to Underweight with a...

Shares of LogMeIn Inc (NASDAQ: LOGM) are dipping toward their lowest level for the year after the SaaS and cloud-based remote connectivity provider forecast below-consensus first-quarter earnings per share. The Analysts Oppenheimer analyst Shaul Eyal downgraded LogMeIn from Outperform to...

Zendesk Inc (NYSE: ZEN) is a "fast-growing, best-of-breed SaaS company" that is gaining market share in the customer engagement category, according to Oppenheimer. The company has expanded its product portfolio and has an installed base that offers monetization opportunities, in the sell-...

Merger Monday has kicked off with a tech deal. Shares of business management SaaS company Apptio Inc (NASDAQ: APTI) were rallying after the company announced a go-private deal.  What Happened Apptio announced an agreement Sunday to be bought by an affiliate of tech-focused private equity...

The bullish case for video delivery tech company Harmonic Inc (NASDAQ: HLIT) is based on expectations for growth in its two business segments, according to Loop Capital Markets. The Analyst Analyst James Kisner initiated coverage of Harmonic with a Buy rating and $8.25 price target. The Thesis...

Cloudera Inc (NYSE: CLDR) reported Wednesday a better-than-expected loss in its second-quarter results, which impressed investors based on the stock's surge but fell short of turning two Street analysts bullish. The Analysts Morgan Stanley's Sanjit Singh maintains an Equal-weight rating on...

Software as a service provider Inseego Corp. (NASDAQ: INSG) has developed new products and an improved cost structure that should drive strong growth, according to Canaccord Genuity.  The Analyst Analyst T. Michael Walkley upgraded Inseego from Hold to Buy and raised the price target...

Docusign Inc (NASDAQ: DOCU) reported second-quarter results Wednesday that were better than expected, but not good enough to turn Bank of America Merrill Lynch bullish. The Analyst Bank of America's Kash Rangan maintained a Neutral rating on DocuSign's stock with a price target...