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How Wal-Mart Contract Will Boost Workday Revenue
Thursday, January 12, 2017 - 1:11pm | 609Read More...Workday Inc (NYSE: WDAY) announced its biggest deal ever after signing retail giant Wal-Mart Stores, Inc. (NYSE: WMT), which will go a long way in boosting Workday’s brand value and will also set the stage for further high-profile deals in the future. Huge Wal-Mart Deal Wal-Mart, the largest...
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Blackline's Long-Term Growth Prospects Are Above Average
Tuesday, November 22, 2016 - 4:49pm | 393Read More...Baird has started coverage of Blackline Inc (NASDAQ: BL) with an Outperform rating and $33 price target, citing the company’s above-average long-term growth prospects. Blackline provides a cloud-based software platform to automate and streamline accounting and finance operations....
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Salesforce's Momentum Improves As It Heads Into A Critical Q4
Friday, November 18, 2016 - 12:23pm | 217Read More...Baird says salesforce.com, inc. (NYSE: CRM) shows positive momentum ahead of a critical fourth quarter with a solid third quarter beat and increase to its FY 2017 outlook. The company reported billings growth of 19 percent, handily topping consensus of 13 percent, and implied fourth quarter...
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Looking To Workday's Q2 Earnings Release, Baird Thinks Competition Concerns Are Overblown
Tuesday, August 23, 2016 - 2:41pm | 320Read More...Workday Inc (NYSE: WDAY) will release its second-quarter results after the close on August 24, and Baird said competition concerns are overblown as its checks suggest a stable demand environment. The brokerage expects a loss of $0.05 a share, billings of $420.05 million and revenue of $372.5...
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Baird Incrementally Positive On Tableau Software's Surprise CEO Announcement
Tuesday, August 23, 2016 - 12:57pm | 290Read More...Baird is "incrementally positive" on Tableau Software Inc (NYSE: DATA)'s appointment of Adam Selipsky as CEO and President, a move seen as a push to boost Enterprise G2M. Selipsky, who was formerly VP of Marketing, Sales, Support at Amazon.com, Inc. (NASDAQ: AMZN) Web Services,...
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Workiva Management Implies Company Could See Positive Cash Flow In 2016
Wednesday, August 17, 2016 - 3:03pm | 391Read More...Baird reaffirmed its Outperform rating on Workiva Inc (NYSE: WK) and raised the price target by $3 to $18, saying that company predicts less cash burn in 2016 versus 2015, implying that the second half of 2016 will be cash flow positive. Workiva, which offers a cloud-based platform for creating...
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Blackbaud: Big Fish In The Small Non-Profit Software Pond
Tuesday, June 28, 2016 - 8:38am | 373Read More...Baird's Steven Ashley reiterated Blackbaud, Inc. (NASDAQ: BLKB)'s Outperform rating and $70.00 price target after meeting with Blackbaud's management team last week. Blackbaud's lone wolf position in the non-profit software space gives the company an advantage executing M&A deals, positioning...
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Baird Cut Targets On A Handful Of SAAS/Software Names
Wednesday, February 24, 2016 - 4:00pm | 286Read More...Robert Baird issued a Software & SaaS Industry update, highlighting several companies while adjusting their price targets to reflect current market conditions and recent analysis. Analysts Steven Ashley and Jason Velkavrh highlighted Tableau Software Inc. (NYSE: DATA), ServiceNow Inc. (NYSE...
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3 Key Takeaways From Autodesk's User Conference
Wednesday, December 2, 2015 - 10:35am | 242Read More...Baird on Wednesday issued a report highlighting Autodesk, Inc. (NASDAQ: ADSK) after the company's user conference. Baird maintained an Outperform rating with a $65 price target. Analysts Steven Ashley, Jason Velkavrh and Matt Lemenager wrote, "Management believes that Manufacturing and...
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UPDATE: ServiceNow Upgraded by Baird After Exceptional 4Q, Trading Up 19 Percent
Thursday, January 30, 2014 - 11:57am | 121Read More...In Thursday's morning flurry of rating changes, analyst Steven Ashley of Baird upgraded ServiceNow (NYSE: NOW) from Neutral to Outperform, bumping price target to $70 from $55. The report notes, "Billings growth yr-yr of 70% yr-yr exceeded consensus expectations of 56%. Initial 2014 revenue...
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UPDATE: Baird Lowers Citrix Rating, Down Nearly 10 Percent
Thursday, January 30, 2014 - 11:54am | 113Read More...In a report released Thursday morning, Steven Ashley of Baird downgraded Citrix Systems (NASDAQ: CTXS) from Outperform to Neutral, lowering price target from$75 to $64. The report defends their downgrade: "1) modestly lower-than-expected Desktop license in 4Q13; 2) the prospects for tougher...
