cloud

SaaS stocks continue to move higher, and the EV/S multiples for the 55 biggest stocks stand at 7.2x and are closing in on a five-year peak of 8.8x, according to KeyBanc Capital Markets.  The Analyst KeyBanc's Brent Bracelin made the following rating and price changes: Alteryx Inc (...

Nutanix Inc (NASDAQ: NTNX) said it has identified a path toward $3 billion in product and support billings in fiscal 2021 in an analyst day presentation Monday. This represents a growth rate of 40 percent from 2017 and prompted KeyBanc to turn incrementally bullish on the stock....

Marvell Technology Group Ltd. (NASDAQ: MRVL) is in a strong position to show investors top-line growth after several years of sales declines, according to Wall Street's newest bull analyst. The Analyst Argus' Jim Kelleher initiated coverage of Marvell Technology Group's stock with a...

Splunk Inc (NASDAQ: SPLK) reported a top-and-bottom-line beat in its fourth quarter results, which had multiple Wall Street analysts upbeat over the company's outlook. Price Target And Rating Changes Credit Suisse's Brad Zelnick: Outperform rating, price target raised from $88 to $110...

Pure Storage Inc (NYSE: PSTG) reported a top-and-bottom-line beat in its fourth quarter results, but digging beyond the headline numbers reveals a few concerning metrics, according to Susquehanna. The Analyst Susquehanna Financial Group's Mehdi Hosseini downgraded Pure Storage's stock...

Salesforce.com, inc. (NYSE: CRM) reported fourth-quarter and full-year results Wednesday that marked a historical milestone for the company, CEO Marc Benioff said in a CNBC interview.  What Happened Salesforce's total revenue for the full year rose 25 percent from one...

Palo Alto Networks Inc (NYSE: PANW) reported second-quarter results after the close Monday that not only included a top-and-bottom-line beat, but "[throw] cold water" on the case against owning the stock, according to Morgan Stanley. The Analyst Morgan Stanley's Keith Weiss...

Cognizant Technology Solutions Corp (NASDAQ: CTSH) has seen its stock rise 15 percent since the start of 2018 on the heels of a 27-percent jump in 2017, and both figures outperform the computing, information processing and storage peer group. Cognizant's fundamentals imply the potential for...

Despite a "mixed" fourth-quarter, Alphabet Inc. (NASDAQ: GOOG) is showing no signs of slowing down as website and cloud revenue growth continue to strengthen, according to MKM Partners.  The Analyst Rob Sanderson of MKM Partners reiterated a Buy rating on Google and raised the...

Hewlett Packard Enterprise Co (NYSE: HPE) is scheduled to report fourth-quarter results Thursday, but Loop Capital Markets isn't waiting for the print to turn bullish on the stock. The Analyst Loop Capital Markets' Ananda Baruah upgraded Hewlett Packard Enterprise's stock rating from...

When salesforce.com, inc. (NYSE: CRM) reports after the close Feb. 28, it's likely to show billings upside in the fiscal year fourth quarter, with the company possessing multiple paths to achieve long-term targets, according to Jefferies.  The Analyst Jefferies analyst John DiFucci...

Cloud computing name salesforce.com, inc. (NYSE: CRM) is likely to report strong fourth-quarter results with sustained demand trickling into its fiscal 2019, according to Morgan Stanley.  The company is scheduled to report after the market close Feb. 28. The Analyst Analyst Keith Weiss...

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) reported fourth quarter results that included an earnings miss and a revenue beat. The quarter is notable because it included a lot of commentary on Alphabet's lesser known and discussed business units, according to former Wall Street analyst turned...

Advanced Micro Devices, Inc. (NASDAQ: AMD)'s fourth-quarter earnings report on Tuesday was compelling enough for Argus to turn bullish on the stock. The Analyst Argus' Jim Kelleher upgraded AMD's stock rating from Hold to Buy with an $18 price target. The Thesis AMD's earnings...

Enterprise software and SaaS name Callidus Software Inc. (NASDAQ: CALD) announced an agreement Jan. 29 to be bought out by SAP SE (ADR) (NYSE: SAP)'s American unit. The Analyst B. Riley FBR analyst Kevin Liu downgraded Callidus Software from Buy to Neutral and increased the price...