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Amazon Announces Acquisition Of A 'High Performance And Technical Computing' Firm
Friday, February 12, 2016 - 8:20am | 153Read More...Amazon.com, Inc. (NASDAQ: AMZN) reported on Friday that it has acquired NICE, an Italian-based company cloud company. Amazon described NICE in its press release as a "leading provider of software and services for high performance and technical computing." NICE's products help...
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Tableau's Plunge Is Killing Other Cloud Names, But Does It Indicate A Long-Term Pattern?
Friday, February 5, 2016 - 1:38pm | 279Read More...Shares of Tableau Software Inc (NYSE: DATA) collapsed nearly 50 percent on Friday following the company's fourth-quarter results, which were released after Thursday's market close. Tableau Software's plunge is killing other cloud names. Shares of Workday Inc (NYSE: WDAY) plunged...
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AutoDesk Spikes Following Trade Halt; Company Announces Restructuring Plans
Wednesday, February 3, 2016 - 3:55pm | 321Read More...Shares of Autodesk, Inc. (NASDAQ: ADSK) were halted prior to Wednesday's market open. Once trading resumed, shares spiked as high as $50.90 and were trading at $49.24, up 7.3 with less than two hours of trading remaining in the day. Autodesk announced a restructuring plan that will...
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Amazon Investors Puke Shares On Top And Bottom Line Miss, But Cloud Growth Near Consensus
Thursday, January 28, 2016 - 5:29pm | 160Read More...Amazon.com, Inc. (NASDAQ: AMZN) reported fourth-quarter results after Thursday's market close. The company reported net sales of $35.7 billion in the fourth quarter of 2015, up from $29.3 billion in the fourth quarter of 2014. Analysts were expecting a revenue figure of $35.9 billion. The...
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NVIDIA's Deal With Alibaba Highlights Cloud Opportunity
Friday, January 22, 2016 - 11:34am | 209Read More...Shares of NVIDIA Corporation (NASDAQ: NVDA) were trading higher by more than 2 percent on Friday as investors and traders were encouraged by the prospects of its new partnership with Alibaba Group Holding Ltd (NYSE: BABA)'s cloud unit, AliCloud. Mark Lipacis of Jefferies commented in a note...
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IBM Beefs Up Cloud Offerings With Ustream Acquisition
Friday, January 22, 2016 - 10:01am | 423Read More...International Business Machines Corp. (NYSE: IBM) confirmed it had acquired live-video streaming service Ustream on Wednesday in a deal worth $130 million. Big Blue's latest purchase is expected to help the company improve its cloud-computing services, a business that the firm has been focusing on...
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How To Trade The Cloud In 2016
Thursday, January 7, 2016 - 10:51am | 339Read More...KeyBanc analyst Brendan Barnicle believes 2016 will be another strong year for leading enterprise software stocks. While the large capital expenditure required to compete in the professional cloud space will likely limit competition to the major players already involved, Barnicle believes there...
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PacCrest Lowers Microsoft Estimates, But Considers It Best-Positioned To Transition To The Cloud
Tuesday, December 22, 2015 - 9:44am | 290Read More...Shares of Microsoft Corporation (NASDAQ: MSFT) have appreciated 24.3 percent over the past three months, almost touching their 52-week high on December 16 at $56.13. Brendan Barnicle of Pacific Crest has maintained an Overweight rating on the company, with a price target of $65. The...
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Wall Street's Reaction To Oracle's Q2 Ranges From Cautious To Optimistic
Thursday, December 17, 2015 - 11:09am | 1028Read More...Shares of Oracle Corporation (NYSE: ORCL) were trading lower by more than 3.5 percent Thursday following the company's second quarter print on Wednesday. Oracle earned $0.63 per share on revenue of $9 billion. Wall Street analysts were looking for an earnings per share of $0.60 on...
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Summit Starts inContact At Buy, Says It's A Leader In The Cloud Market
Tuesday, December 8, 2015 - 8:58am | 301Read More...Shares of InContact Inc (NASDAQ: SAAS) have appreciated 36.38 percent over the last three months, although the shares dipped close to their 52-week low on October 8. Jonathan Kees of Summit Research on Monday initiated coverage of the company with an Overweight rating and price target of $12...
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Canaccord On Five9: 'This Break Out Should Have Legs'
Thursday, December 3, 2015 - 1:58pm | 347Read More...Shares of Five9 Inc (NASDAQ: FIVN) have gained more than 75 percent over the past three months. David Hynes Jr. of Canaccord Genuity maintained a Buy rating on Five9's shares with a price target raised to $9 from a previous $8. The analyst noted the company has meaningful operating...
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SunTrust Starts Datacenters With A 'Positive View', Says Buy CyrusOne, DuPont Fabros And Equinix
Tuesday, November 24, 2015 - 11:50am | 613Read More...Inder Singh of SunTrust Robinson Humphrey initiated coverage of the Datacenter Infrastructure space with a 'Positive view.' Singh noted the sector benefits from 'favorable' cloud traffic growth trends. The analyst recommended investors buy CyrusOne Inc (NASDAQ: CONE),...
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At A New All-Time High, Salesforce's Outlook Is Exciting Wall Street Analysts
Thursday, November 19, 2015 - 11:59am | 1075Read More...Shares of salesforce.com, inc. (NYSE: CRM) spiked higher by more than 6 percent on Thursday. Salesforce's stock hit a new all-time high of $82.90 on Thursday. Investors and traders bought the stock following a better-than-expected Q3 and encouraging outlook, but are Wall Street...
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Hardware Winners And Losers From The Public Cloud Growth Boom
Tuesday, November 3, 2015 - 4:20pm | 479Read More...Deutsche Bank sees the public cloud model as one of the biggest disruptors to the IT market since the invention of the PC. The firm views HDD companies and volume server vendors as potential hardware winners from the cloud transition. Stand-alone storage companies could end up the biggest losers...
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Piper Jaffray: Oracle Is 'Serious About The Cloud'
Friday, October 30, 2015 - 3:15pm | 486Read More...Shares of Oracle Corporation (NYSE: ORCL) are nearly flat from a year ago, but down more than 13 percent year-to-date. Katherine Egbert of Piper Jaffray attended the company's recent analyst day presentation, noting the company is "serious about the cloud." Egbert maintained an Overweight rating...
