New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 12, 2014
10:42 EDTNTAP, CSOD, CRM, WDAYCornerstone OnDemand weak after results, analysts remain upbeat
Shares of cloud computing company Cornerstone OnDemand (CSOD) are dropping after the company reported in-line revenue and lower than expected profit. A number of analysts, however, were upbeat about the company following its results. WHAT'S NEW: Cornerstone OnDemand, which provides cloud-based management talent management solutions, reported a fourth quarter earnings per share loss, excluding some items, of 3c. Analysts' consensus estimate was 0c. The company provided slightly lower than expected first quarter revenue guidance, and its fiscal 2014 profit guidance came in significantly below expectations. On the other hand, the company's fiscal 2014 revenue guidance was ahead of the consensus outlook. Cornerstone stated that its momentum remains strong, noting that its bookings jumped 51% last quarter, versus the same period a year earlier. The company added that it had been able to significantly grow its sales to midmarket companies last year, while expanding its service into new industries, such as automotive, energy, and consumer products. ANALYST REACTION: In a note to investors, Pacific Crest analyst Brendan Barnicle wrote that Cornerstone's billing growth should enable the company to grow over the long-term. Moreover, the company's decision to increase investments in its business seem warranted, added the analyst. He increased his price target on the stock to $60 from $55 and kept an Outperform rating on the shares. Also upbeat on Cornerstone was JMP Securities analyst Patrick Walravens. Cornerstone's revenue guidance was "solid," and its "rapid growth" can continue, wrote the analyst, who hiked his price target on the shares to $70 from $56 and kept an Outperform rating on the stock. OTHERS TO WATCH: Other companies that provide cloud-based solutions include Workday (WDAY), salesforce.com (CRM), and NetApp (NTAP). PRICE ACTION: In mid-morning trading, Cornerstone fell 64c, or 1.1%, to $57.70.
News For CSOD;WDAY;CRM;NTAP From The Last 14 Days
Check below for free stories on CSOD;WDAY;CRM;NTAP the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 16, 2014
10:00 EDTNTAPOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
05:27 EDTNTAPNetApp downgraded to Neutral from Buy at UBS
UBS downgraded NetApp to Neutral citing rising competition and a "mediocre" outlook for storage spending. The firm lowered its price target for shares to $40 from $50.
April 14, 2014
08:28 EDTWDAYChecks positive for Workday, says Wedbush
Subscribe for More Information
April 11, 2014
08:49 EDTCRMBoston Properties signs 714,000 square foot lease with Salesforce.com
Subscribe for More Information
April 10, 2014
15:40 EDTWDAYWorkday April volatility increases to 61 on wide price movement
Workday April call option implied volatility is at 61, May is at 54, June is at 58, September is at 49; compared to its 26-week average of 40 according to Track Data, suggesting larger near term price movement.
09:09 EDTWDAYWorkday shares should be bought ahead of results, says Pacific Crest
Subscribe for More Information
09:06 EDTCSODCornerstone OnDemand shares extremely cheap, says Pacific Crest
Subscribe for More Information
09:01 EDTCRMSalesforce.com should be bought ahead of results, says Pacific Crest
Subscribe for More Information
06:55 EDTNTAPNetApp initiated with a Hold at Deutsche Bank
Target $36.
April 8, 2014
11:27 EDTWDAYOptions with increasing implied volatility: PBR AKAM WDAY EXPE
11:12 EDTWDAY, CSOD, CRMFirm recommends buying tech stocks after declines
Subscribe for More Information
08:18 EDTCSOD, CRM, WDAYDeclines in high growth IT stocks create opportunities, says Pacific Crest
Subscribe for More Information
April 7, 2014
10:10 EDTWDAY, CRMAnalyst sees 'golden' opportunity after software stocks decline
Subscribe for More Information
08:54 EDTNTAPNetApp chairman Dan Warmenhoven to retire, CEO Tom Georgens elected chairman
Subscribe for More Information
08:49 EDTWDAY, CRMFBR sees 'golden buying opportunity' in enterprise software
FBR Capital says a "'golden buying opportunity" exists in the enterprise software space following the recent sell-off of high-growth names. The firm believes overall software results in Q1 tracked in line to slightly ahead of expectations. It recommends buying Splunk (SPLK), Salesforce.com (CRM), Workday (WDAY), FireEye (FEYE), NetSuite (N) and Palo Alto (PANW) on the recent pullbacks.
07:44 EDTCSODMarketo to hold a summit
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 theflyonthewall.com disclaimer & terms of use