New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 30, 2014
16:34 EDTCRM, ADSKAutodesk CFO Mark Hawkins resigns to become CFO of
Autodesk (ADSK) announced the resignation of Mark Hawkins, the company’s executive vice president and CFO. After more than five years at Autodesk, Hawkins is leaving the design and engineering software leader at the end of July to become CFO at (CRM). Autodesk has initiated a selection process for a new CFO.
News For ADSK;CRM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 6, 2015
12:40 EDTADSKAutodesk management to meet with JPMorgan
Subscribe for More Information
October 5, 2015
19:50 EDTCRMSalesforce management to meet with JMP Securities
Subscribe for More Information
October 1, 2015
10:45 EDTCRMSalesforce calls active on renewed takeover chatter
Salesforce October weekly 70, 70.5, 71 and 71.5 calls are active on total call volume of 9,900 contracts (720 puts) on renewed takeover chatter. October call option implied volatility is at 43, October is at 37; compared to its 52-week range of 26 to 60. Active call volume suggests traders taking positions for upside price movement.
10:26 EDTCRMRumor: Salesforce moves up on renewed takeover chatter
05:56 EDTCRMSalesforce implied volatility of 35 at lower end of index mean range
Subscribe for More Information
September 30, 2015
08:44 EDTADSKAutodesk requires more patience but end still compelling, says Cowen
Subscribe for More Information
05:52 EDTCRMSalesforce implied volatility of 36 at lower end of index mean range
September 29, 2015
15:26 EDTADSKAutodesk took 'major step' in right direction with analyst day, says JPMorgan
JPMorgan analyst Sterling Auty said that Autodesk took a "major step in the right direction" by giving transparency on what the company should look like through its subscription transition and beyond during its analyst day meeting. Among the "number of positives" coming from the meeting are the company's explicit revenue and margin guidance through the transition, its outlook for cash flow greater than $4 per share in FY20, and its assertion that the subscription shift is expanding its market opportunity, Auty said. The analyst has an Overweight rating on Autodesk shares.
15:08 EDTADSKAutodesk sees strong growth in ARR and subscriptions from FY16 to FY20
Autodesk sees strong growth in ARR and subscriptions from FY16 to FY20. The company notes that FY17 is the inflection point as perpetual license sales end. the company sees traditional financial metrics to normalize by FY20. Autodesk sees revenue of at least $3.5B in FY20 with sustainable double-digit growth. Sees Non-GAAP operating margin in the mid-20% range in FY20 and increasing to 30% plus. Sees free cash flow of $1B in FY20 and increasing. The company added that model acceleration continues beyond FY20. Information from company slides presentation.
08:32 EDTADSKAutodesk still sees FY16 adjusted EPS 60c-72c, consensus 67c
Sees FY16 revenue $2.47B-$2.51B, consensus $2.48B. Sees billings up 2%-4%. Sees net subscription additions 375,000-425,000.
08:31 EDTADSKAutodesk still sees Q3 adjusted EPS 5c-10c, consensus 7c
Subscribe for More Information
September 28, 2015
10:08 EDTCRMTableau price target lowered to $75 at Summit Research on competition concerns
Summit Research analyst Srini Nandury said the firm's channel checks indicate that Tableau's (DATA) software competition will intensify from Salesforce (CRM), Qlik (QLIK) and PowerBI. The analyst thinks Tableau's string of large "beat and raise" quarters will come to an end since most of the "low-hanging fruit" seems to have been picked and the company will need to work harder to acquire new customers. Nandury keeps a Hold rating on Tableau and cut the firm's price target on the stock to $75 from $80.
September 27, 2015
12:43 EDTADSKAutodesk shares could rise 50% in 18 months, Barron's says
Subscribe for More Information
September 25, 2015
12:48 EDTCRMSalesforce says does not support CISA
Subscribe for More Information
08:59 EDTADSKAutodesk, Workday, Veeva weakness present buying opportunities, says Canaccord
Subscribe for More Information
08:24 EDTCRMSalesforce checks positive, says Oppenheimer
After attending Salesforce's conference, Oppenheimer says that more enterprises were represented, indicating that the company's share of that market could be increasing, according to the firm. Oppenheimer adds that the company's platform strategy is becoming more popular with customers, and could enable it to monetize its large installed base. The firm reiterates an $80 price target and Outperform rating on the shares.
05:40 EDTCRMSalesforce implied volatility of 32 at lower end of index mean range
Subscribe for More Information
September 24, 2015
08:06 EDTADSKAutodesk to acquire netfabb, terms not disclosed
Autodesk has signed a definitive agreement to acquire netfabb, a Lupburg, Germany-based developer of software solutions for industrial additive design and manufacturing. Autodesk will also make a strategic investment in FIT Technology Group, the parent company of netfabb and provider of additive manufacturing software and services. The two companies will collaborate to increase adoption of technology for industrial additive manufacturing. Autodesk plans to use foreign capital for the transaction, which is expected to close in Autodesk's Q4 FY2016. Terms of the transaction were not disclosed.
05:29 EDTCRMSalesforce implied volatility of 32 at lower end of index mean range
Subscribe for More Information
05:18 EDTADSKAutodesk to host investor day
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use