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Stock Market & Financial Investment News

News Breaks
March 17, 2014
07:01 EDTSAPSAP upgraded to Buy from Neutral at Citigroup
Citigroup upgraded SAP citing the bottoming out of consensus expectations and the improving German market.
News For SAP From The Last 14 Days
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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.
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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06:38 EDTSAPMicrosoft buying Salesforce 'makes a lot of sense,' says Piper Jaffray
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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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