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Why Veeva Systems Is Trading Higher Today
Friday, May 28, 2021 - 1:21pm | 310Veeva Systems Inc (NYSE: VEEV) is trading higher Friday morning after the company announced better-than-expected earnings results and received price target increases from multiple analysts. What Happened: Veeva Systems reported first-quarter earnings of 91 cents per share, which beat the estimate...
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Analysts Still Bullish On Adobe Despite Bookings Miss
Wednesday, September 18, 2019 - 11:41am | 603Shares of Adobe Inc (NASDAQ: ADBE) continued to fall on Wednesday after missing expectations on subscription bookings and lowering guidance for its Digital Experience business. Several sell-side analysts kept Buy recommendations on the stock, saying those negatives masked continued Accounting Rate...
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Sell-Side: Short-Term Pain For Long-Term Gain With Palo Alto Networks
Thursday, September 5, 2019 - 1:00pm | 707Shares of Palo Alto Networks Inc (NYSE: PANW) continued to rebound with investors and sell-side analysts seeing long-term upside amid a shift to cloud security that outweighs weaker near-term guidance. The stock initially dropped after the fourth-quarter print despite results that beat Street...
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Autodesk Analysts: Sell-off May Be Overreaction, Fundamentals Remain Strong
Wednesday, August 28, 2019 - 11:42am | 891Sell-side analysts remained mostly bullish, though with lowered price targets, on Autodesk, Inc. (NASDAQ: ADSK) after a strong second-quarter print that was marred for investors by lowered guidance that reflects international economic concerns. Autodesk beat quarterly targets soundly, with revenue...
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Sell-Side Analysts Laud FireEye's Transformation
Wednesday, October 31, 2018 - 3:29pm | 704Cybersecurity company FireEye Inc (NASDAQ: FEYE) reported Tuesday after the close with forecast-beating third-quarter results and issued above-consensus guidance for the full year. The Analysts UBS analyst Fatima Boolani maintained a Neutral on FireEye with a $17 price target....
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3 Reasons Why Barclays Is Bullish On Pluralsight
Monday, June 11, 2018 - 4:28pm | 316Online education company Pluralsight Inc (NASDAQ: PS) on May 17 offered 20.7 million shares in an IPO, pricing shares at $15 apiece. With the IPO quiet period expiring, analysts began coverage on shares. The Analyst Barclays analyst Saket Kalia initiated coverage with an Overweight rating and a...
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Barclays: Zscaler's Q3 Numbers 'Speak For Themselves,' But Bullish Stance Can't Be Justified
Thursday, June 7, 2018 - 10:25am | 388Zscaler Inc (NASDAQ: ZS), a cloud security provider, reported Wednesday afternoon with third-quarter numbers that "speak for themselves," but investors shouldn't be aggressive on the stock, according to Barclays. The Analyst Barclays' Saket Kalia maintains an Equal Weight...
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Barclays Projects Acceleration In Ellie Mae's Mortgage Volume Growth
Tuesday, January 9, 2018 - 4:44pm | 398Mortgage application processor Ellie Mae Inc (NYSE: ELLI) is positioned for an increased rate of growth and positive outcomes from its purchase of the cloud name Velocify, according to Barclays. The Analyst Barclays analyst Saket Kalia upgraded Ellie Mae from Equal-Weight to Overweight and...
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Barclays Goes Neutral On Fortinet In 'Tougher' Firewall Market
Tuesday, January 9, 2018 - 11:07am | 399Fortinet Inc (NASDAQ: FTNT)’s had a strong run, rising 57.3 percent over the last two years and continuing upward. But Barclays thinks it’s about to lose steam. The Rating Barclays analyst Saket Kalia downgraded Fortinet from Overweight to Equal Weight and raised the price...
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Analysts React To Adobe's $2B Fourth Quarter
Friday, December 15, 2017 - 5:53pm | 724Adobe Systems Incorporated (NASDAQ: ADBE) reported fiscal fourth quarter results Thursday, with quarterly revenue that exceeded $2 billion for the first time. Bank Of America: Upside Abounds Bank of America's Kash Rangan maintains a Buy on Adobe's stock with an unchanged $220...
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3 Reasons To Buy Shares Of Symantec This Year
Wednesday, May 31, 2017 - 7:57am | 264Barclays research analyst Saket Kalia upgraded Symantec Corporation (NASDAQ: SYMC) to Overweight with a price target of $38. Justification For Upgrade The upgrade was based on three primary reasons: Symantec has become more competitive in the enterprise industry, which should allow for additional...
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Analyst: Autodesk's Price Increase Is A Long-Term Positive
Friday, March 3, 2017 - 12:15pm | 373Barclays analyst Saket Kalia maintains his Overweight rating on Autodesk, Inc. (NASDAQ: ADSK), saying the biggest takeaway from the quarterly print was the planned increase in maintenance prices by about 38 percent over the next three years. Analyst Commentary The analyst said the increases are not...
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FireEye Will Get Worse Before It Gets Better
Friday, February 3, 2017 - 10:08am | 464FireEye Inc (NASDAQ: FEYE) shares set to open on a new 52-week low after the
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Palo Alto Setting Up Nicely Into Q1 As Market Share Gains Continue
Friday, November 18, 2016 - 2:06pm | 333Barclays likes the set up of Palo Alto Networks Inc (NYSE: PANW) ahead of the cybersecurity firm’s first quarter report on November 21, as it believes the Street’s billings estimate could be conservative. Street expects earnings of $0.53 a share on revenue of $400.2 million. In the...
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Fortinet's Billings Miss Stands In Contrast To Results From Peers
Wednesday, October 12, 2016 - 12:35pm | 367Following Fortinet Inc (NASDAQ: FTNT)'s negative pre-announcement, Barclays said its 7–8 percent billings miss amid healthy results from peers such as Palo Alto Networks Inc (NYSE: PANW) and Barracuda Networks Inc (NYSE: CUDA) will raise questions, both competitively and strategically....