Brent Bracelin

Slack Technologies Inc (NYSE: WORK) shares plummeted 16% on Wednesday morning after the company reported 50% revenue growth in the second quarter and failed to generate the same COVID-19 growth spike that other work-from-home stocks have reported. On Tuesday afternoon, Slack reported breakeven...

Workday Inc (NASDAQ: WDAY) shares jumped 13% on Friday after the company reported a quarterly earnings beat and named a new co-CEO. Workday reported an adjusted EPS of 84 cents on $1.06 billion in revenue. Both numbers beat consensus analyst estimates of 66 cents and $1.04 billion, respectively....

The pharma- and life sciences-focused cloud computing company Veeva Systems Inc (NYSE: VEEV) reported solid quarterly results Thursday, sending its shares higher.  The Veeva Systems Analysts: BofA Securities analyst Brad Sills reiterated a Buy rating on Veeva Systems and upped the...

Salesforce.com, inc. (NYSE: CRM) shares jumped 25% on Wednesday after the company reported blowout second-quarter earnings numbers and exceeded expectations with its full-year guidance. Salesforce reported second-quarter EPS of $1.44 on $5.15 billion in revenue. Both numbers exceeded consensus...

Twilio Inc (NYSE: TWLO) reported second-quarter results Tuesday that were favorably driven by the COVID-19 pandemic, as its customers are scrambling to accelerate their digital transformation. Here's how the Street reacted to the print.  The Twilio Analysts BofA Securities analyst...

Shopify Inc (NYSE: SHOP) has been a key beneficiary of the accelerating adoption of online shopping during coronavirus lockdowns. The e-commerce company is scheduled to report second-quarter results Wednesday, July 29. Credit Suisse On Shopify: Analyst Brad Zelnick maintained a Neutral rating...

Microsoft Corporation (NASDAQ: MSFT) shares ticked lower on Thursday after the company reported 13% revenue growth in a difficult fiscal fourth quarter. Microsoft reported fourth-quarter adjusted EPS of $1.46 on revenue of $38 billion. Both numbers topped consensus analyst estimates of $1.34 and $...

Cloud-based SaaS companies have managed to generate outsized returns through the first half of 2020, and analysts at Piper Sandler picked four stocks that still hold promise. SaaS Valuations Double The Average: Analyst Brent Bracelin said the stocks are benefiting from rising investor...

Shopify Inc (NYSE: SHOP) is among the best-positioned beneficiaries of the potential acceleration in e-commerce due to the coronavirus pandemic, according to Piper Sandler. The Shopify Analyst: Brent Bracelin upgraded Shopify from Neutral to Overweight and raised the price target from $733 to...

The growth estimates for Twilio Inc (NYSE: TWLO) hold significant downside risk over the next two to four quarters given that its revenue is directly tied to traffic volumes, according to Piper Sandler. The Twilio Analyst Brent Bracelin downgraded Twilio from Overweight to Neutral and cut the price...

After attending meetings at the RSA Conference 2020 being held this week in San Francisco, one analyst at Piper Sandler came away convinced about the prospect the security segment holds for Microsoft Corporation (NASDAQ: MSFT). The Microsoft Analyst Brent Bracelin maintained an Overweight rating on...

Slack Technologies Inc (NYSE: WORK) confirmed after market close Monday that its biggest customer International Business Machines Corp (NYSE: IBM) had plans of going “wall to wall” with its chat app. Although this may not lend significant upside to the current billings growth estimate...

Microsoft Corporation (NASDAQ: MSFT) boasts four compelling tailwinds that could set the tone for the next decade, according to Piper Sandler. The Analyst Brent Bracelin maintains an Overweight rating on Microsoft with a price target lifted from $158 to $190. The Thesis 2020 will be a "...

Mongodb Inc (NASDAQ: MDB) shares sank more than 9% on Thursday after the company reported a mixed second quarter on Wednesday afternoon. MongoDB’s adjusted EPS in the quarter was a loss of 26 cents, missing consensus estimates by 2 cents. Revenue for the quarter was $99.37, beating analyst...

Slack Technologies Inc (NYSE: WORK) shares tumbled 14% on Thursday morning after the company’s first quarterly earnings report since its direct listing in June disappointed the market. On Wednesday afternoon, Slack guided for revenue growth to slow significantly in coming quarters. Despite...