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Coupa Software Offers Growth Momentum And Healthy Results, But At A Pricey Valuation
Tuesday, June 6, 2017 - 11:01am | 362Read More...Shares of Coupa Software Inc (NASDAQ: COUP) were trading higher by more than 3 percent early Tuesday morning in reaction to the company's better-than-expected first-quarter earnings report. However, not all among the Street found the report encouraging enough to take a bullish stance. Barclays'...
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Barclays Kicks MuleSoft Coverage Off At Equal Weight Citing High Valuation
Tuesday, April 11, 2017 - 10:52am | 309Read More...Mulesoft Inc (NYSE: MULE), being a leader in the next generation software integration market, enjoys healthy growth in spite of its increasing scale. “We are confident that growth can remain healthy given the last TAM [total addressable market],” Barclays’ Raimo Lenschow said in a...
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Dark Clouds Continue To Gather For Intuit As Tax Season Remains Weak
Sunday, April 2, 2017 - 1:00pm | 435Read More...Barclays said in a note Friday it sees dark clouds continuing to emerge on Intuit Inc. (NASDAQ: INTU)'s horizon, given the weak tax season, and believes investors need to be more focused. Filings Decline Across The Board Analyst Raimo Lenschow said he still sees declining numbers for all...
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Salesforce Benefiting From Compounding Effect As Profitability Finally Following Top-Line
Wednesday, March 1, 2017 - 3:39pm | 297Read More...Raimo Lenschow of Barclays reaffirmed his Overweight rating on salesforce.com, inc. (NYSE: CRM) following strong quarterly results, driven by healthy 31 percent billings growth. But, investors are concerned with guidance of just about 7 percent billings growth for the first quarter, when the...
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A Citrix Tale Of Spinoffs And Share Prices, Mergers And Market Moves
Wednesday, February 1, 2017 - 1:38pm | 437Read More...Citrix Systems, Inc. (NASDAQ: CTXS) shares are down over 22 percent on Wednesday, as it announced the completion of the spinoff of its GoTo family of service offerings and its subsequent merger with LogMeIn Inc (NASDAQ: LOGM) in a merger of online meeting organizers. The Deal The transaction,...
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Expect Range-Bound Trading In Splunk Following Q3 Report
Wednesday, November 30, 2016 - 3:26pm | 254Read More...Barclays expects range-bound trading in Splunk Inc (NASDAQ: SPLK) as solid quarterly results were partially offset by lower-than-expected short-term deterred revenue. Solid Print Splunk had a solid Q3 print, with revenue and EPS both topping consensus estimates, revenue growth of 40 percent and...
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A Healthy Quarter Expected From Coupa Software's First Earnings As Public Company
Tuesday, November 29, 2016 - 12:21pm | 292Read More...Coupa Software Inc (NASDAQ: COUP) is scheduled to report its Q3 results on December 5. Although results are likely to be healthy, the company is facing tough billings comp in the current quarter, Barclays’ Raimo Lenschow said in a report. He maintained an Equal-Weight rating on Coupa...
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Splunk: Cloud Adoption Has Company Positioned To Outperform
Wednesday, November 23, 2016 - 3:31pm | 228Read More...Ahead of third-quarter earnings, software solution provider Splunk Inc (NASDAQ: SPLK) is positioned for outperformance, according to Barclays. “Splunk is positioned to show upside to Q3 consensus estimates when it reports on November 29th,” said Barclays software analyst Raimo Lenschow...
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Salesforce's Q3 Strength Has The Sell-Side Singing Its Praises
Friday, November 18, 2016 - 4:51pm | 927Read More...Salesforce.com, inc. (NYSE: CRM) is getting rave reviews for its Q3 show, with the analyst community singing paeans about its fundamental strength and prospects. Q3 Results: Beat And A Raise Below are the highlights from the print: Salesforce.com reported second-quarter non-GAAP earnings of $0....
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Salesforce's Strong Quarter Buoyed By Rebound In Billings Growth
Friday, November 18, 2016 - 12:36pm | 340Read More...Raimo Lenschow of Barclays said the main highlight of salesforce.com, inc. (NYSE: CRM)’s blow-out third-quarter results is a rebound in billings growth, as it alleviated the investors concerns after a shaky second quarter and tepid billings guidance for third quarter. Quarter Highlights...
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Barclays Remains A Buyer Of Salesforce Ahead Of Q3 Earnings
Friday, November 11, 2016 - 1:04pm | 303Read More...Salesforce.com, inc. (NYSE: CRM) is scheduled to report its Q3 results on November 17. The company will likely “outperform its Q3 guidance for billings, making for more reasonable billings in Q4,” Barclays’ Raimo Lenschow said in a report. He reiterated an Overweight rating on the...
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Barclays Defends Talend Says Selloff Is Unwarranted, Upgrades To Overweight
Wednesday, November 2, 2016 - 8:32am | 337Read More...Talend SA ADR (NASDAQ: TLND) is a provider of open source integration solutions and a vendor that will benefit from the Big Data trend, at least according to Raimo Lenschow of Barclays. Lenschow upgraded Talend to Overweight from Equal-Weight with an unchanged $28 price target. The analyst...
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How Coupa Software Is Spending Money To Save Money
Monday, October 31, 2016 - 2:09pm | 245Read More...While Barclays’ Raimo Lenschow sees Coupa Software Inc (NASDAQ: COUP) as “the next large horizontal application software vendor,” valuation has kept the analyst on the sidelines. Lenschow initiated coverage of the company with an Equal-Weight rating and price target of $28....
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Barclays On Microsoft Following Q1 Report: 'Bright Skies For The Cloud'
Friday, October 21, 2016 - 9:07am | 305Read More...Microsoft Corporation (NASDAQ: MSFT) reported a broad-based quarterly beat. “Microsoft is executing well against its plan, growing revenue while exhibiting expense discipline,” Barclays’ Raimo Lenschow said in a report. He reiterated an Overweight rating on the company, while...
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Apptio Attempting To Leverage Its 'First Mover' Advantage
Tuesday, October 18, 2016 - 12:18pm | 289Read More...Barclays started coverage of Apptio Inc (NASDAQ: APTI) with an Equal-Weight rating and $23 price target, saying the company has attractive growth opportunities with its first mover advantage in the technology business management space. However, the valuation keeps the brokerage on the sidelines...
