software

Nutanix Inc (NASDAQ: NTNX) reported fiscal first quarter results that exceeded estimates after the close Thursday. Billings rose a solid 32 percent year-over-year to $315.3 million and deferred revenue climbed 48 percent to $408.8 million. The company issued upbeat bottom-line guidance, while...

Following meetings with the senior management at Mulesoft Inc (NYSE: MULE), Oppenheimer said it's incrementally positive on the company. The Analyst Oppenheimer analyst Ittai Kidron upgraded his rating on Mulesoft from Perform to Outperform and set a price target of $30. The Thesis...

Shares of Nutanix Inc (NASDAQ: NTNX) were trading higher by more than 10 percent Tuesday, partly due to an encouraging report by analysts at William Blair. The firm's Jason Ader maintains an Outperform rating on Nutanix's stock with no assigned price target but a path toward $34 per share (see his...

Analysts at Morgan Stanley met with several members of Nutanix Inc (NASDAQ: NTNX)'s senior management team, which "emphasized the company's DNA in software" but failed to earn an upgrade. The firm's Katy Huberty maintains an Equal-Weight rating on Nutanix's stock with an unchanged $22 price target...

Shares of BlackBerry Ltd (NASDAQ: BBRY) gained more than 7 percent early Thursday morning after the company reported its second-quarter results. BlackBerry reported that it earned 5 cents per share in the second quarter on revenue of $238 million. Wall Street analysts were expecting the Canada-...

Since its introduction in 2003, DocuSign has become a mainstay of several industries, essentially bringing sectors like insurance and real estate into the 21st century. In its nearly 15 years in the technology space, it’s been the subject of acquisition rumors from almost every tech giant and...

The competitive landscape within the smartphone market could intensify even further if reports are true that Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) is looking to acquire HTC's mobile division. Alphabet's Google unit is reportedly in the final stages of negotiations to acquire HTC's struggling...

Bank of America expects the software space to see M&A transactions in 2017 similar to that of 2016, with salesforce.com, inc. (NYSE: CRM), ServiceNow Inc (NYSE: NOW), Splunk Inc (NASDAQ: SPLK), Tableau Software Inc (NYSE: DATA) and Cornerstone OnDemand, Inc. (NASDAQ: CSOD) seen as potential...

On Monday, Drexel Hamilton issued a note on the IT hardware and software industry, specifically highlighting Apple Inc. (NASDAQ: AAPL) and Cisco Systems, Inc. (NASDAQ: CSCO) as being well positioned to benefit from the Internet-of-Things (IoT) trend. Brian White, an analyst at Drexel Hamilton,...

In a new report, MKM Partners analyst Kevin Buttigieg took a look back at the enterprise software industry and discussed investing themes that have worked and those that haven’t over the past two years. Typically, many of the worst performers in a given industry will outperform in the...

According to Steve Koenig of Wedbush, his high-growth software index continues to outperform other software issues. Koenig added that as a group, trading multiples for the high-growth software stocks have remained below the 8 to 10x forward EV/revenue level and the current 7.5x multiple is just...

The PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ: QQQ), the NASDAQ-100 tracking exchange-traded fund, has surged more than 6 percent over the past month, while the Technology SPDR (ETF) (NYSE: XLK), the larges technology ETF, is higher by about 5.4 percent over the same period. With those data...

Cloud computing is creating a "radical change" throughout technology, according to Joel Fishbein of BTIG. Fishbein added Enterprise software spending will outpace overall IT spending over the next five years Fishbein recommends buying a "handful" of tech companies,...