Steve Koenig

Despite making some recovery over the past month, shares of FireEye Inc (NASDAQ: FEYE) are down 14 percent year-to-date. A number of Wall Street analysts expressed their views after the FireEye Analyst Day held in New York. JMP Securities JMP Securities’ Erik Suppiger maintained a...

Shares of Qlik Technologies Inc (NASDAQ: QLIK) have declined 9.29 percent over the past three months, while those of Tableau Software Inc (NYSE: DATA) have appreciated 22.57 percent in the same period. Wedbush’s Steve Koenig reiterated an Outperform rating on both companies, with a price...

Shares of salesforce.com, inc. (NYSE: CRM) have appreciated 32.19 percent year-to-date, reaching a high of $82.14 on December 4. Wedbush’s Steve Koenig has upgraded the rating on the company from Neutral to Outperform, while raising the price target from $79 to $96. Koenig expressed optimism...

Shares of Oracle Corporation (NYSE: ORCL) were trading lower by more than 3.5 percent Thursday following the company's second quarter print on Wednesday. Oracle earned $0.63 per share on revenue of $9 billion. Wall Street analysts were looking for an earnings per share of $0.60 on...

Shares of Proofpoint Inc (NASDAQ: PFPT) fell more than 4 percent on Thursday after short-selling research firm Muddy Waters pitched a short thesis at the Sohn investment conference. Muddy Waters argued Proofpoint's management was "misleading" investors and "mischaracterizing" the company's status...

According to Steve Koenig of Wedbush, his high-growth software index continues to outperform other software issues. Koenig added that as a group, trading multiples for the high-growth software stocks have remained below the 8 to 10x forward EV/revenue level and the current 7.5x multiple is just...

Proofpoint Inc (NASDAQ: PFPT) shares have appreciated 54.07 percent year-to-date, with the shares almost at their 52-week high on December 1. Wedbush’s Steve Koenig reiterated an Outperform rating on the company, with a price target of $82. Despite the surge in the share price, Koenig has...

Shares of salesforce.com, inc. (NYSE: CRM) spiked higher by more than 6 percent on Thursday. Salesforce's stock hit a new all-time high of $82.90 on Thursday. Investors and traders bought the stock following a better-than-expected Q3 and encouraging outlook, but are Wall Street...

Wedbush is calling for mostly in-line Q3 earnings from Proofpoint Inc (NASDAQ: PFPT) and FireEye Inc (NASDAQ: FEYE). The firm lowered its price target for FireEye from $63 to $41. Wedbush maintains Outperform ratings on both stocks. In a new report, Wedbush analyst Steve Koenig previewed 3Q...

Shares of Workday Inc (NYSE: WDAY) lost more than 5 percent Wednesday. The company hosted a presentation and analyst meeting on Tuesday. Analyst reaction to the presentation was mixed. Shares of Workday lost more than 5 percent during Wednesday's morning trading session after the company hosted...

Oracle Corporation (NYSE: ORCL) reported better-than-expected earnings for its first quarter on Wednesday, but sales fell short of expectations. At the same time, the company also issued forward-looking guidance that may have spooked investors, as shares were trading lower by more than 3 percent...