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Stock Market & Financial Investment News

News Breaks
February 14, 2013
06:36 EDTNOWServiceNow upgraded to Buy from Sell at UBS
UBS upgraded ServiceNow two notches to Buy due to valuation, customer adoption of its cloud platform, and the end of major share lockups. Price target raised to $36 from $30.
News For NOW From The Last 14 Days
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May 1, 2015
10:00 EDTNOWOn The Fly: Analyst Initiation Summary
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April 30, 2015
17:59 EDTNOWServiceNow initiated with a Neutral at SunTrust
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08:50 EDTNOWServiceNow volatility at low end of historic range
ServiceNow May option implied volatility is at 34, June is at 33; compared to its 26-week average of 37 according to Track Data, suggesting decreasing price movement.
06:51 EDTNOWPiper sees Salesforce takeover price upwards of $100/share
Piper Jaffray followed JPMorgan in predicting a Salesforce takeover price upwards of $100 per share. Piper calls Salesforce a "very attractive and unique asset," but admits it has no proprietary information about a potential deal. Oracle (ORCL), Microsoft (MSFT), IBM (IBM) and the large Internet centric vendors are the only tech companies likely to afford Salesforce, Piper believes. It points out that while Oracle denied it made an offer, the $10B in debt raised earlier this week by the company is likely to keep it near the top of the potential acquirer list. Piper says Salesforce potentially being in play raises the potential for any pure cloud vendor to be taken over, including Workday (WDAY) and ServiceNow (NOW), as well as "host of smaller pure cloud vendors and fast-growing non-cloud companies" such as Splunk (SPLK). The firm keeps an Overweight rating on Salesforce with an $80 price target.
06:31 EDTNOWMicrosoft would likely sell off on Salesforce acquisition, says Citigroup
Citigroup believes that should Salesforce (CRM) be up for sale as Bloomberg yesterday suggested, Microsoft (MSFT) could be the most likely the suitor. Citi thinks Microsoft shares would likely trade lower should such a deal occur, as it would signal the company is in a "more tenuous position in commercial business than investors currently think." The firm lists Oracle (ORCL), IBM (IBM) and Google (GOOG) as other potential suitors for Salesforce. With less upside now to its Saleforce price target, Citi prefers Check Point (CHKP) and VMware (VMW) for growth investors and ServiceNow (NOW) for exposure to software-as-a-service. It keeps a Buy rating on Salesforce with am unchanged price target of $78.
April 29, 2015
14:58 EDTNOWSalesforce hires bankers after approach by potential buyer, Bloomberg says
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14:43 jumps 5% after Bloomberg says bankers hired to field offers
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April 23, 2015
10:30 EDTNOWOptions with decreasing implied volatility
Options with decreasing implied volatility: NLNK PNK INFN WUBA MLNX CREE SKX CMG NOW FTNT
April 22, 2015
07:24 EDTNOWServiceNow price target raised to $87 from $79 at UBS
UBS raised its price target on ServiceNow to $87 from $79 following meetings with management and customers. The firm sees a growing customer base, more success in HR, facilities, legal, and finance, and a path for it to become a multi-billion dollar company. UBS reiterated its Buy rating on ServiceNow shares.
April 21, 2015
08:03 EDTNOWServiceNow weakness has created buying opportunity,says Pacific Crest
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07:31 EDTNOWServiceNow looks good ahead of Q2 results, says RBC Capital
After attending Service Now's Analyst Day, RBC Capital says the company's guidance provided at the event was better than expected, while the firm thinks the company's free cash flow is poised to beat expectations over the longer term. RBC keeps a $90 price target and Outperform rating on the shares.
07:22 EDTNOWServiceNow recent weakness a buying opportunity, says Canaccord
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