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BTIG Research Downgraded Atlassian To Neutral On Valuation
Wednesday, August 10, 2016 - 10:01am | 249Read More...BTIG Research downgraded Atlassian Corporation PLC (NASDAQ: TEAM) to Neutral on valuation. Shares rose more than 60 percent in the past six months alone, as the buy-side gets increasingly comfortable with Atlassian's "flywheel" model. The stock currently trades at 10.7x EV/FY17...
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BTIG Sees Citrix Systems Facing New Challenges
Wednesday, July 27, 2016 - 11:00am | 336Read More...Joel Fishbein of BTIG said Citrix Systems, Inc. (NASDAQ: CTXS) faces new questions regarding its transition to a ratable revenue base and operating margin expansion. Quarter In Review The comments come as Citrix' second-quarter results beat Street estimates on the top and bottom line, and it...
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BTIG Explains How Symantec Will Achieve $2 EPS By FY19
Thursday, June 16, 2016 - 11:48am | 396Read More...Symantec Corporation (NASDAQ: SYMC) is on the brink of substantial growth in operating profit and EPS post Blue Coat acquisition, a move that would boost the company's earnings to about $2 a share by FY19, according to a note from BTIG. Symantec has agreed to pay about $4.65 billion in cash to Blue...
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Palo Alto's 'Strong' Execution Was Overshadowed By 2 Factors
Friday, May 27, 2016 - 2:43pm | 291Read More...Shares of Palo Alto Networks Inc (NYSE: PANW) plunged 13 percent after the cybersecurity firm issued a weak fourth-quarter outlook despite reporting strong third-quarter results. But, BTIG is bullish on the company's long-term thesis and would be buyers on any weakness. Strong Quarter Palo Alto's...
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The Rise Of Ad Blockers: What Does It Mean For Advertisers?
Monday, May 16, 2016 - 3:29pm | 322Read More...BTIG analyst Joel Fishbein recently addressed a major elephant in the room for online advertisers like Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) and Facebook Inc (NASDAQ: FB): ad-blocking software. So far, the rise of Internet advertising has been meteoric, but could ad-blockers derail the...
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BTIG: Buy Barracuda, It's Turning Around
Friday, March 18, 2016 - 11:12am | 290Read More...Barracuda Networks Inc (NYSE: CUDA) has received a vote of confidence from BTIG analysts Joel Fishbein, Edward Parker and Abhinav Kapur. Citing an "accelerated shift in the SMB market towards virtual/public cloud deployments," the analysts are upgrading Barracuda to Buy with an attached price...
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BTIG Initiates Coverage Of Software Sector, Notes 'Early Innings Of Multi-Year Growth'
Friday, September 11, 2015 - 9:42am | 524Read More...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,...
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What Does The Street Think Of Microsoft Now?
Friday, April 24, 2015 - 2:12pm | 661Read More...Microsoft Corporation (NASDAQ: MSFT) on Thursday reported third quarter results that jolted shares higher by nearly 10 percent by Friday afternoon. Here is a summary of what some of Wall Street's top analysts have to say about the company's results. FBR: Nadella ‘Putting The...
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Analysts Like Red Hat Post-Earnings
Monday, March 30, 2015 - 10:27am | 428Read More...Red Hat Inc (NYSE: RHT) posted its fourth quarter 2015 earnings results on March 25 after market close, beating Wall Street's expectations. The computer software company has seen sequential growth for the past 52 consecutive quarters and has beaten analysts' estimates for the past 5...
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Cloud-Based Application Acceleration Boosts Software Names
Friday, January 24, 2014 - 11:52am | 881Read More...In a research note published Thursday evening, BMO Capital Markets analyst Joel Fishbein, Jr. initiated coverage on six software names with an overall Market Perform Industry rating. “We believe that best-of-breed on-demand (or software as a service) vendors are primed to benefit from the...
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UPDATE: BMO Capital Markets Initiates Coverage On CommValut On Simpana 10.0 Product Cycle
Thursday, December 5, 2013 - 8:46am | 140Read More...In a report published Wednesday, BMO Capital Markets analyst Joel Fishbein initiated an Outperform Rating on CommVault Systems (NASDAQ: CVLT) and initiated a price target of $105.00. In the report, BMO Capital Markets says "CommVault has the only software platform in the industry with a single...
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UPDATE: BMO Capital Markets Initiates On Citrix Systems On Position Of Mobile Trend
Thursday, December 5, 2013 - 8:19am | 109Read More...In a report published Wednesday, BMO Capital Markets analyst Joel Fishbein initiated a Market Perform rating on Citrix Systems (NASDAQ: CTXS) and set the price target to $65.00. In the report, BMO Capital Markets says "We are initiating coverage of Citrix with a Market Perform rating, as we...
