New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 2, 2013
07:56 EDTADSK, INFA, SWISoftware and Services sector price targets raised, at RW Baird
Baird raised its price target on Autodesk (ADSK) to $38 from $35 citing faster than expected capital structure changes and aggressive share repurchases, Informatica's (INFA) to $35 from $33 due to reduced concerns of big data technologies cannibalizing the need for ETL in the short term, and SolarWinds' (SWI) to $58 from $56 to reflect the integration of its five acquisitions made during the past year.
News For ADSK;INFA;SWI From The Last 14 Days
Check below for free stories on ADSK;INFA;SWI the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 18, 2014
10:34 EDTINFAHigh option volume stocks
Subscribe for More Information
September 17, 2014
12:01 EDTADSKAdobe falls after Q4 revenue outlook trails consensus
Shares of creative software maker Adobe Systems (ADBE) are falling after it guided to fourth quarter revenue below analysts' consensus view. WHAT'S NEW: Last night, Adobe reported Q3 adjusted earnings per share of 28c and revenue of $1.005B, compared to analysts' consensus estimates of 26c and 1.02B, respectively. Adobe exited Q3 with 2.81M creative cloud subscriptions, a sequential increase of 502,000. WHAT'S NOTABLE: Adobe forecast Q4 adjusted EPS of 26c-32c, versus consensus of 31c. The company sees Q4 revenue of $1.025B-$1.075B, below the consensus forecast of $1.09B. The company expects net new creative cloud subscriptions to grow sequentially in Q4 to slightly exceed its target of 1M. ANALYST REACTION: This morning, analyst commentary was positive, with several firms recommending buying shares of Adobe on any weakness. Research firm Stern Agee was among them, stating that Adobe's revenue miss was driven by a shift of perpetual licenses to term contracts. Sterne Agee said that Adobe's deferred revenue outperformed, which should give long-term investors confidence in the name. It believes the long-term transition story is intact, and expects upside to revenues in FY15. The firm kept a Buy rating on the shares with a price target of $85. Two other firms, JMP Securities and BofA Merrill Lynch also recommended buying Adobe amid its post-earnings weakness. PRICE ACTION: Near noon, Adobe fell $2.74, or nearly 4%, to $68. Despite today's pull-back, the shares have gained about 40% over the past 12 months. ANOTHER TO WATCH: Autodesk, (ADSK), which also serves software customers in the digital media and entertainment industries, is down fractionally to $54.54.
September 11, 2014
10:49 EDTADSKHigh option volume stocks
Subscribe for More Information
September 10, 2014
10:00 EDTSWIOn The Fly: Analyst Initiation Summary
Subscribe for More Information
07:23 EDTSWISolarWinds initiated with a Buy at MKM Partners
Target $50.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use