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Adobe Hit A New High, But Are Analysts Impressed?
Friday, June 23, 2017 - 8:39am | 786Read More...Shares of Adobe Systems Incorporated (NASDAQ: ADBE) hit a new all-time high of $147.45 Wednesday after impressing investors with its earnings report. But are Wall Street analysts equally bullish on the company? Credit Suisse: Continued Momentum Adobe reported a strong earnings report in which...
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Surprised Reactions To Oracle's Q4 Beat
Thursday, June 22, 2017 - 3:49pm | 686Read More...Oracle Corporation (NYSE: ORCL) announced its second-quarter earnings on Wednesday after the close. The company reported an adjusted EPS beat of $0.89 versus $0.78 and revenues of $10.89 billion compared to the $10.45 billion estimate. Oracle shares were up over 11 percent to $51.54 at Thursday...
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Salesforce's Sell-Side Earnings Roundup
Sunday, May 21, 2017 - 12:35pm | 594Read More...Salesforce.com, inc. (NYSE: CRM) reported modest earnings and revenue beats in the first quarter. Several Wall Street analysts have commented on the stock following the report. Here’s a look at the key themes they discussed. Large Deals Salesforce’s Q1 deals with large clients such as...
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FireEye Had A Great Quarter, But Long-Term Questions Remain
Wednesday, May 3, 2017 - 12:13pm | 785Read More...Cybersecurity firm FireEye Inc (NASDAQ: FEYE) reported better-than-expected first quarter earnings per share and issued upbeat guidance for the second quarter and the full year. Shares were rallying in reaction to the results. Q1 Print Revenues: $173.7 million, up 3.4 percent year-over-year...
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Microsoft's Smart Cloud Business To Generate 10% Growth In FY18, BMO Says
Friday, April 28, 2017 - 11:39am | 395Read More...Microsoft Corporation (NASDAQ: MSFT)'s Azure collection of integrated cloud services will help its Intelligent Cloud business generate more than 10 percent growth in fiscal 2018, BMO Capital Markets analyst Keith Bachman estimated Friday. “Moreover, we believe Microsoft’s advantage in...
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Oracle's Low Expectations Lead To Well-Received Q3 Results
Thursday, March 16, 2017 - 1:56pm | 415Read More...Amid lower expectations, investors cheered Oracle Corporation (NYSE: ORCL)’s third quarter results, which delivered a beat on both consensus revenue and EPS for the first time since November 2014. “Our primary bullish thesis on Oracle is driven by our view that it can grow operating...
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BMO Lowers Oracle Estimates, Stays Bullish
Monday, March 13, 2017 - 8:13am | 299Read More...Oracle Corporation’s (NYSE: ORCL) execution during its transition period from on-premise to cloud solutions has been inconsistent, and investor expectations remain relatively low. BMO Capital Markets’ Keith Bachman said Oracle’s shares could appreciate if the company delivers a...
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Will In-Line Guidance From Palo Alto Be Enough To Support The Stock?
Monday, February 27, 2017 - 12:28pm | 304Read More...Palo Alto Networks Inc (NYSE: PANW) has been consistently reporting results ahead of consensus estimates, while its guidance relative to expectations has been mixed. “Given the outperformance in the stock year to date, we believe that an in-line guide will be good enough to support the stock...
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Weak Billings Growth Likely To Dominate The Red Hat Story Both Near And Long Term
Thursday, December 22, 2016 - 12:42pm | 407Read More...Keith Bachman of BMO Capital Markets downgraded Red Hat Inc (NYSE: RHT) to Market Perform from Outperform, as he believes the billings pressure will keep the stock range-bound. For the November quarter, Red Hat’s billings were $679 million versus the BMO estimate of $713 million. Moreover,...
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Infosys' Weak Guidance Suggests Long-Term Headwinds, BMO Prefers Computer Sciences
Monday, October 17, 2016 - 3:16pm | 218Read More...BMO Capital Markets is concerned with Infosys Ltd ADR (NYSE: INFY)’s recent FY 2017 revenue guidance cut as it makes difficult for the company to achieve its long-term targets. Infosys cut its FY 2017 revenue guidance to 8-9 percent year-over-year CC from 10.5-12 percent year-over-year CC...
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Splunk's Product Enhancements Could Improve Its Competitive Position
Friday, September 30, 2016 - 11:53am | 188Read More...BMO's Keith Bachman remains bullish and sees 14 percent upside in Splunk Inc (NASDAQ: SPLK) shares as he believes the company's product enhancements would continue to enhance its competitive positioning, while continued focus on ecosystems and partnerships boost the platform. Bachman,...
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Accenture The Best House In A Tough Neighborhood
Friday, September 30, 2016 - 10:53am | 297Read More...Accenture Plc (NYSE: CAN) reported robust August quarter results, against a tough sector backdrop. The company’s revenue guidance appears conservative, BMO Capital Markets’ Keith Bachman said in a report. He maintained a Market Perform rating on Accenture, while raising the price...
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Workday's Guidance May Be Conservative
Thursday, August 25, 2016 - 8:54am | 279Read More...Workday Inc (NYSE: WDAY) reported strong quarterly results, with billings ahead of expectations. Given these results, the company’s guidance appears “conservative on most metrics,” BMO Capital Markets’ Keith Bachman said in a report. He maintained a Market Perform rating...
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IBM's Earnings Leave BMO Analysts With 'Mixed Views'
Tuesday, July 19, 2016 - 3:34pm | 332Read More...BMO said it's having "mixed views" on the quarterly results of International Business Machines Corp. (NYSE: IBM) while maintaining its Market Perform rating on the stock. "Given the slowdown in strategic imperatives and steady decline in core, we believe that revenue growth...
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Is Microsoft's Profit Growth Sustainable?
Friday, July 15, 2016 - 2:27pm | 505Read More...Keith Bachman of BMO Capital Markets is concerned that Microsoft Corporation (NASDAQ: MSFT) can't sustain its profit growth due its over-dependence on personal computing products. Upcoming Quarterly Results "We are concerned that MSFT is generating all operating profit growth in More Personal...
