John Rizzuto

SunTrust Robinson Humphrey selected salesforce.com, inc. (NYSE: CRM) as the newest "Top Pick" after the company acquired Demandware Inc (NYSE: DWRE) at $75.00 a share. The deal was announced last Friday. The brokerage has a Buy rating with a price target of $98.00 on salesforce. In a research note...

SunTrust said the $2.8 billion acquisition of Demandware Inc (NYSE: DWRE) widens the reach of salesforce.com, inc. (NYSE: CRM) platform and provides potential long-term growth opportunity. Salesforce would begin a tender offer for $75.00 per share, in cash, for all shares of Demandware, which...

SunTrust Robinson Humphrey's John Rizzuto mentioned the 1Q16 results reported by software companies had generally been favorable. Of the 15 software companies the analyst had tracked over the past couple of weeks, 67 percent had reported revenue ahead of consensus estimates, while 27 percent...