Walter Pritchard

Zoom Video Communications Inc (NASDAQ: ZM) is trading higher Friday after Cathie Wood purchased 96,123 shares for the ARK Innovation ETF (ARCA:ARKK). What Happened: On Tuesday, Zoom Video reported quarterly earnings of $1.32 per share, which beat the estimate of 99 cents. The company reported...

As of Tuesday, Adobe Inc (NASDAQ: ADBE) stock is up 24.4% year-to-date — five points ahead of market indices. But its run isn’t enough for one former bull. The Analyst Citi analyst Walter Pritchard downgraded Adobe from Buy to Neutral and cut the price target from $322 to $313...

Microsoft Corporation (NASDAQ: MSFT) shares traded higher by 3% on Friday morning after the company reported a fiscal fourth-quarter earnings beat led by strength in its cloud computing business. Microsoft exceeded consensus analyst expectations for fourth-quarter earnings and revenue and also...

Data analytics company Splunk Inc (NASDAQ: SPLK) reported a beat-and-raise first quarter Thursday. Notwithstanding the solid results, the stock was sharply lower in Friday's session. BTIG analyst Edward Parker told Benzinga Friday that Spunk had a "great quarter," but billings...

Shares of Netherlands-based Elastic NV (NYSE: ESTC), the company behind Elasticsearch and the Elastic Stack, rose nearly 100 percent on its trading debut in early October. The Street is offering first takes on the stock now that the quiet period has come to an end. The Analysts...

Docusign Inc (NASDAQ: DOCU) reported a first-quarter top-and-bottom-line beat Thursday, reinforcing the company's long-term prospects, according to Citi. The Analyst Citi's Walter Pritchard maintains a Buy rating on DocuSign with a price target lifted from $59 to $70. The Thesis...

Human resources and payroll company Ceridian HCM Holding Inc (NYSE: CDAY) stands to gain market share, but this isn't enough reason to be a buyer of the stock, according to Citi. The Analyst Citi's Walter Pritchard initiated coverage of Ceridian's stock with a Neutral rating/High risk...

Identity management software provider Sailpoint Technologies Holdings Inc (NYSE: SAIL)'s IPO quiet period expired Tuesday, and the sell side initiated coverage of the stock. Operating in Attractive Markets Jefferies analyst John DiFucci said SailPoint operates in the attractive identity...

Salesforce.com, inc. (NYSE: CRM) hit a new all-time high of $94.63 Wednesday after the company managed to report a top and bottom-line beat in its second-quarter earnings. With the stock up more than 35 percent since the start of 2017 alone, are analysts optimistic there is room for further gains...

Shares of Microsoft Corporation (NASDAQ: MSFT) climbed about 6 percent in the pre-market hours Friday after PC strength and less fall off in on-prem Office led to better-than-expected quarterly results. However, Citi retained its Sell rating. As such, the firm prefers Oracle Corporation (NYSE:...

Although salesforce.com, inc. (NYSE: CRM) CEO Marc Benioff indicated his interest in Twitter Inc (NYSE: TWTR), Citi Research believes that a deal could be possible. However, the brokerage thinks that such a deal would put great constraints on salesforce over the next three-plus years. Therefore, it...

After a couple of days in green territory, U.S. stocks tumbled on Friday trading, driven by declines in energy stocks and oil prices, as well as Apple Inc. (NASDAQ: AAPL)’s 1.67 percent decline. After the market closed, the tech behemoth’s stock continued to slip, driven by news about...

Shares of Intuit Inc. (NASDAQ: INTU) might be trading in the negative territory following its fourth-quarter results and guidance for the first quarter. However, Citi analysts, Walter Pritchard and Mathew Wells, have not changed their opinion on the stock. The lead analyst thinks the results...

According to Recode, Univision officially edged out its peers, including J2 Global Inc (NASDAQ: JCOM)'s unit Ziff Davis, in buying out Gawker's 7 media assets for $135 million. The results of Gawker's sale are not yet official, as a judge needs to sign off on the sale after hearing potential...