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Palo Alto: Down, But Not Out
Wednesday, March 1, 2017 - 8:36am | 364Read More...Palo Alto Networks Inc (NYSE: PANW) reported disappointing results and guidance. RBC Capital’s Matthew Hedberg said in a note he wasn’t “throwing in the towel at these levels as we have confidence in our new estimates and believe management, which we still have a high degree of...
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VMware Just Delivered One Of Its Best Quarters In Years
Friday, January 27, 2017 - 10:50am | 273Read More...VMware, Inc. (NYSE: VMW) reported after Thursday's market close one of its best prints in years, at least according to RBC Capital Markets' Matthew Hedberg. VMware reported that it earned $1.43 per share in the fourth quarter on revenue of $2.03 billion while Wall Street analysts were expecting the...
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Imperva May Have Been Conservative With Q2 Guidance
Thursday, May 12, 2016 - 8:50am | 222Read More...Imperva Inc (NYSE: IMPV) shares have lost 26 percent since May 5, with the company reporting in-line 1Q results and announcing disappointing 2Q guidance. RBC Capital Markets’ Matthew Hedberg maintained an Outperform rating for the company, with a price target of $55. The analyst commented...
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RBC Following Latest Selloff In Software Stocks: Focus On Disruptors
Tuesday, February 9, 2016 - 1:49pm | 376Read More...RBC Capital Markets recently issued a report on the software industry following the most recent decline within the software index. Matthew Hedberg and Ross MacMillian highlighted ServiceNow Inc (NYSE: NOW), salesforce.com, inc. (NYSE: CRM) and Proofpoint Inc. (NASDAQ: PFPT) as companies that "have...
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UPDATE: RBC Capital Markets Downgrades Teradata on Deal Cycle Concerns
Thursday, December 12, 2013 - 1:12pm | 108Read More...In a report published Thursday, RBC Capital Markets analyst Matthew Hedberg downgraded the rating on Teradata (NYSE: TDC) from Outperform to Sector Perform, and lowered the price target from $55.00 to $41.00. In the report, RBC Capital Markets noted, “We are reducing our rating on shares of TDC to...
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UPDATE: RBC Capital Markets Downgrades Oracle on Multiple Challenges Ahead
Thursday, December 12, 2013 - 12:19pm | 100Read More...In a report published Thursday, RBC Capital Markets analyst Matthew Hedberg downgraded the rating on Oracle Corporation (NYSE: ORCL) from Outperform to Sector Perform, but reiterated the $35.00 price target. In the report, RBC Capital Markets noted, “We are reducing our rating on shares of ORCL to...
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RBC Capital Markets Raises Adobe Systems (ADBE) Price Target To $46
Wednesday, March 24, 2010 - 10:22am | 132Read More...RBC Capital Markets analysts Robert Breza, Matthew Hedberg and Dan Bergstrom raised their price target for shares of Adobe Systems Incorporated (Nasdaq: ADBE) from $43 to $46 and maintained their Outperform rating for the stock. The analysts said that the integration of Omniture was going well and...
