Steve Koenig

Following lackluster third quarter results, analysts at Wedbush reiterated a Neutral rating and $20 price target on shares of Tibco Software Inc. (NASDAQ: TIBX) Friday. The company on Thursday reported EPS of $0.14, missing Street estimates of $0.18 per share by 22 percent. Sales also missed...

Oracle Corporation's (NYSE: ORCL) recent turmoil in its sales force raises questions about the company's fiscal first quarter results expected Thursday. "Q1 is looking ugly, and I have concerns about Oracle's cloud strategy," an Oracle sales partner told the trade journal...

In a report published Friday, Wedbush analyst Steve Koenig reiterated an Outperform rating on Splunk (NASDAQ: SPLK), and raised the price target from $58.00 to $60.00. In the report, Wedbush noted, “SPLK put up a good, clean quarter with lots of outperformance. Revenue of $67M (+50% Y/Y) beat...

In a report published Thursday, Wedbush analyst Steve Koenig reiterated an Outperform rating and $42.00 price target on Informatica (NASDAQ: INFA). In the report, Wedbush noted, “For 2Q, we expect revenue and EPS in line with consensus. Our estimates of $221M/$0.31 compare to consensus of $221M...

In a report published on Friday, Wedbush analyst Steve Koenig raised the price target on TIBCO Software (NASDAQ: TIBX) from $25 to $28 and maintained an Outperform rating. In the report, Wedbush stated, "In last night's 10-Q filing, TIBX revealed it decided in June to initiate a restructuring...

In a report published on Monday, Wedbush analyst Steve Koenig lowered the price target on Salesforce.com (NYSE: CRM) from $42 to $40 and reiterated a Neutral rating. In the report, Wedbush stated, "It looks to us as if CRM has set its guidance for $120M - $125M revenue contribution from ET in...

In a report published on Wednesday, Wedbush analyst Steve Koenig upgraded Informatica (NASDAQ: INFA) from Neutral to Outperform and raised the price target on the company from $36 to $42. In the report, Wedbush stated, "We think investors looking for GARP opportunities with excellent 12-month...

In a report published Wednesday, Wedbush analyst Steve Koenig initiated coverage on Splunk (NASDAQ: SPLK) with an Outperform rating and $52.00 price target. In the report, Wedbush noted, “We are initiating coverage of SPLK with an OUTPERFORM rating and a 12-month price target of $52. SPLK is...

In a report published on Friday, Wedbush analyst Steve Koenig lowered the price target on Oracle (NASDAQ: ORCL) from $36 to $34 and reiterated a rating of Neutral on the company. In the report, Wedbush stated, "ORCL missed 4Q revenue expectations by about $160M (about 150 bps), largely on weak...