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Salesforce A 'Core' SaaS Holding
Friday, November 18, 2016 - 9:15am | 311Read More...With salesforce.com, inc. (NYSE: CRM) reporting robust Q3 results and guiding to a solid Q4, Citi’s Walter H. Pritchard believes the weakness in Q2 was more due to a lapse in execution rather than a fundamental slowdown. Pritchard maintains a Buy rating on the company, while raising the price...
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Citi Cuts Fortinet's Target To $31 On Negative Q3 Preannouncement
Wednesday, October 12, 2016 - 9:54am | 376Read More...Fortinet Inc (NASDAQ: FTNT) preannounced negatively for Q3:16, for the first time since Q1:13. Citi’s Walter H. Pritchard maintains a Neutral rating on the company while lowering the price target from $35 to $31. Negative Preannouncement “Mgmt. attributed weakness to: 1) sales execution...
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Citi Sees Adobe Numbers Continuing Higher
Wednesday, September 21, 2016 - 8:31am | 345Read More...Following the Q3 beat reported by Adobe Systems Incorporated (NASDAQ: ADBE) across almost all metrics, Citi’s Walter H. Pritchard sees the Street expectations moving up. Pritchard maintains a Buy rating on the company with a price target of $117. Q3 Upside Adobe Systems reported its Q3...
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Citi Cites A Favorable Market Backdrop For Talend, But Sees Upside Already Priced In
Tuesday, August 23, 2016 - 9:55am | 354Read More...Citi’s Walter H. Pritchard expects a favorable market environment for Talend SA ADR (NASDAQ: TLND), “driven by healthy underlying market growth and a competitive landscape where incumbents are distracted.” Pritchard initiated coverage of the company with a Neutral rating and price...
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Citi Still Likes Adobe Shares Following Q2 Results
Wednesday, June 22, 2016 - 8:56am | 277Read More...Adobe Systems Incorporated (NASDAQ: ADBE) reported its 2Q16 results, with the annualized recurring revenue (ARR) in line with the estimate. Citi’s Walter H. Pritchard maintains a Buy rating on the company, while raising the price target from $114 to $117. 2Q16 Results The ARR for 2Q16 drove...
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Citi Likes Microsoft's Purchase, But Not For $26 Billion
Tuesday, June 14, 2016 - 9:11am | 312Read More...Citi’s Walter H. Pritchard believes that $26 billion “is a lot to pay” for Microsoft Corporation (NASDAQ: MSFT) to acquire LinkedIn Corp (NYSE: LNKD), especially given that the acquisition “doesn’t address #1 challenge of developer relevance.” Pritchard...
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#FloatLikeAButterflyStingLikeADBE: Adobe's Earnings End A Great 2015
Friday, December 11, 2015 - 11:40am | 462Read More...Adobe Systems Incorporated (NASDAQ: ADBE) shares have appreciated 22.37 percent year-to-date, rising almost to their 52-week high on December 4. Stephens’ Alex Zukin has maintained an Overweight rating on the company, while raising the price target from $100 to $115, while Citi’s...
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Citi Upgrades FireEye To Buy, New Survey Suggests Huge 2016 Upside
Tuesday, December 8, 2015 - 10:22am | 326Read More...Shares of FireEye Inc (NASDAQ: FEYE) are down 36 percent year-to-date and trading close to their 52-week low of $19.76. Citi’s Walter H. Pritchard upgraded the rating on the company from Neutral to Buy, while raising the price target from $31 to $35. FireEye is expected to benefit...
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Salesforce-Microsoft?
Wednesday, June 17, 2015 - 11:26am | 377Read More...This piece was originally posted on April 30th, 2015 and is being republished below. Amid the speculation of a merger between Oracle Corporation (NYSE: ORCL) and salesforce.com, inc. (NYSE: CRM), some analysts were looking at Microsoft Corporation (NASDAQ: MSFT) as a potential suitor for...
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VMware Q1 Will Be 'No Drama,' Says Citi
Tuesday, April 21, 2015 - 3:02pm | 402Read More...Citi commented on VMware, Inc. (NYSE: VMW) Monday ahead of its Q1 results on Tuesday following the market close. Analysts Walter H. Pritchard and Tyler Radke expected a quarter with “no drama" as checks suggested that business had been strong and that overall revenue guidance had...
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7 Things Wall Street Is Saying About Oracle Before Earnings
Monday, March 16, 2015 - 5:29pm | 681Read More...Oracle Corporation (NYSE: ORCL) reports fiscal Q3 earnings Tuesday following the market close. The Street expected EPS of $0.68 on revenue of $9.47 billion. For Q4, consensus EPS was $0.94 on revenue of $11.44 billion. For the full 2015 fiscal year, consensus was for EPS of $2.95 on revenue...
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Analysts Like Outlook From ServiceNow
Thursday, January 29, 2015 - 5:23pm | 246Read More...ServiceNow Inc (NYSE: NOW) shares climbed on the day after it beat fourth-quarter Street views and offered a higher-than-expected outlook. The software company gained more than 7 percent, closing at $73.88 a share. ServiceNow is a darling among analysts, with 22 of the 25 tracked by FactSet...
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Citi Initiates Coverage On VMware
Monday, January 12, 2015 - 2:21pm | 200Read More...Citi initiated coverage Monday on VMware, Inc. (NYSE: VMW) with a Buy raing and $104 price target Analysts Walter H. Pritchard and Kenneth Wong expected “VMW will put up strong Q4 into modest expectations and while FY15 guidance will likely come down from 'mid-teens', we expect...
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Citi: Microsoft Corporation Expected To Boost Dividend 25% This Month
Tuesday, September 16, 2014 - 1:18pm | 287Read More...Microsoft Corporation (NASDAQ: MSFT) will soon start playing catch-up with other large-cap tech companies in the rate at which it returns capital to shareholders in the form of dividends and buybacks, an analyst said Tuesday. Citi's Walter H. Pritchard expects the company to boost its...
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Salesforce.com Up: Analysts Say Q2 Eased Momentum Worries
Friday, August 22, 2014 - 4:00pm | 237Read More...Salesforce.com (NYSE: CRM) gained more than eight percent in late-day trading Friday after it posted a 38 percent increase in second-quarter sales. The company, which provides customer service technology, swung to an adjusted loss of $0.15 a share, from profits of $0.12 a share in the year-...
