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Stock Market & Financial Investment News

News Breaks
April 10, 2014
05:40 EDTSAP, ACNAccenture, SAP expand global alliance through first-of-its-kind agreement
Accenture (ACN) and Ariba, a SAP AG (SAP) company, are expanding their global alliance through a first-of-its-kind agreement to offer new cloud-based solutions designed to transform the delivery of procurement and finance and accounting business services to clients. Together, the two companies will redefine business process outsourcing and define business operations services that can help clients become a best-run business by achieving significant process efficiencies and related cost savings. The first solution to be delivered, which provides electronic invoicing capabilities via the Ariba Network, would enable clients to realize the value of the largest global business-to-business trading network. The Ariba Network, used by more than 1.5M companies to transact over half a trillion dollars in commerce on an annual basis, will enable clients to drive a touchless global invoicing process that helps reduce operating costs, supports complex compliance requirements and improves business commerce collaboration. As a result, clients could drive more efficient enterprise-wide commerce, while at the same time optimizing working capital.
News For ACN;SAP From The Last 14 Days
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May 28, 2015
11:15 EDTACNOptions with increasing implied volatility
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May 27, 2015
14:47 EDTSAPAnalysts debate Workday after post-earnings selloff
Last night's results and guidance from Workday (WDAY) prompted a selloff in the stock a several cautious notes from research firms. However, multiple analysts remain bullish on the company and see strong prospects hidden behind the "relatively conservative" guidance. WHAT'S NEW: After the market close on Tuesday, Workday reported first quarter losses per share of (2c) on revenues of $251M, both of which beat consensus estimates. However, the company's second quarter revenue guidance of $270M-$274M bracketed the consensus forecast of about $272M. ANALYST REACTIONS: Brean Capital's Sarah Hindlian noted that traders were likely disappointed by the lack of major client announcements for Workday's FMS product, but said she believes FMS will be successful in the long term. Hindlian added that she expects Workday to become a "clear winner" eventually, but warned of a significant correction in the stock and noted that "significant" R&D spending is required before the company can capture the full market and she reiterates a Hold rating on the stock. Jefferies' John DiFucci and Brad Zelnick were less hopeful, saying the company's 31% billings growth versus 69% last year reflects "very aggressive" competition from Oracle (ORCL) and SAP (SAP), which could signal lessened momentum for Workday. The firm believes renewals may be a bright spot for the company going forward, but kept a Hold rating on the stock and cut its price target to $92 from $99 on the shares. Wells Fargo's Jason Maynard said the company's "relatively conservative" guidance is likely due to some lag in large deal signings as well as a relatively slow acceleration in Europe. The firm lowered its price target to $105-$110 from $110-$120, but remained optimistic on Workday, citing "extremely strong" renewals, new client wins in human capital management, and a maturing financial product. Richard Davis and David Hynes from Canaccord lowered Workday's price target to $100 from $110, but nevertheless said they believe the company faces a "decade of growth." The firm was not surprised at the recent selloff and recommended using weakness in the stock price to fill out investment positions in Workday. PRICE ACTION: Workday is down over 10% to about $83 per share in afternoon trading. Oracle and SAP are up roughly 1.8% and 1%, respectively.
10:36 EDTACNOptions with increasing implied volatility
Options with increasing implied volatility: QUNR DGX FOSL BBBY ACN NKE EFA EMR
05:20 EDTSAPJefferies cuts Workday price target on moderating growth
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May 26, 2015
09:58 EDTSAPOn The Fly: Analyst Initiation Summary
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09:58 EDTACNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: L Brands (LB) upgraded to Conviction Buy from Buy at Goldman... Dollar General (DG) upgraded to Conviction Buy from Buy at Goldman... Accenture (ACN) upgraded to Outperform from Market Perform at Cowen... Expedia (EXPE) upgraded to Outperform from Market Perform at JMP Securities... The Fresh Market (TFM) upgraded to Neutral from Underperform at Longbow... Marvell (MRVL) upgraded to Overweight from Equal Weight at Morgan Stanley... Health Care REIT (HCN) upgraded to Buy from Neutral at Mizuho... Gold Fields (GFI) upgraded to Buy from Hold at HSBC... eBay (EBAY) upgraded to Buy from Hold at Axiom... CNOOC (CEO) upgraded to Neutral from Underweight at JPMorgan... Quintiles (Q) upgraded to Buy from Neutral at SunTrust... DCT Industrial (DCT) upgraded to Neutral from Underperform at Credit Suisse... Pebblebrook Hotel (PEB) upgraded to Outperform from Neutral at Credit Suisse... Fortinet (FTNT) upgraded to Buy from Hold at Needham... BB&T (BBT) upgraded to Buy from Neutral at Guggenheim... Hercules Technology (HTGC) upgraded to Outperform from Neutral at Macquarie... InterXion (INXN) upgraded to Buy from Hold at Stifel.
08:41 EDTACNAccenture upgraded to Outperform at Cowen
As reported previously, Cowen upgraded Accenture to Outperform from Market Perform. The firm cited overall client spending intentions, as well as spending intentions in digital. Cowen raised its price target to $110 from $90 on Accenture shares.
07:17 EDTACNConsumer Electronics Association to hold a conference
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06:38 EDTSAPMicrosoft buying Salesforce 'makes a lot of sense,' says Piper Jaffray
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06:30 EDTACNAccenture upgraded to Outperform from Market Perform at Cowen
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06:25 EDTSAPSAP initiated with a Market Perform at Cowen
Target $80.
May 20, 2015
17:36 EDTSAPSalesforce says looking to surpass SAP
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05:57 EDTSAPSAP CEO says Salesforce unlikely to be acquired, Reuters reports
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May 18, 2015
05:27 EDTACNAccenture to acquire Javelin Group, terms not disclosed
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