Application Software

Shares of Intuit (NASDAQ: INTU) are trading higher in the after-hours following the release of the company's Q4 earnings results. Currently, shares are higher by 4.22%, trading at $42.00; they ended the regular session lower by 4.91%, at $40.30. Intuit reported Q4 EPS of $0.02 on revenues of $593...

Adobe Systems Incorporated (Nasdaq: ADBE) today announced that it will further align the company around the growth categories of Content Authoring and Digital Marketing. The company today announced a number of organizational changes. Adobe senior vice president David Wadhwani will continue to...

Deltek, Inc. (Nasdaq: PROJ) announced today that its Board of Directors has approved a stock repurchase program, effective August 16, 2011. Under the program, Deltek is authorized to repurchase up to $30 million of its outstanding shares of common stock at times and prices considered appropriate...

International Rectifier Corporation (NYSE: IRF) -17.03% after FBR Capital lowered the company's PT to $31. NetApp (NASDAQ: NTAP) -19.01% after reporting lower than expected Q1 revenues and having its PT lowered by several analysts. Riverbed Technology, Inc. (NASDAQ: RVBD) -17.52% after Jim...

Tyler Technologies, Inc. (NYSE: TYL) has signed a seven-year software as a service contract with the city of Sanibel, Fla., for Tyler's Munis® enterprise resource planning solution and disaster recovery management. The agreement includes hosting services, related professional services, maintenance...

Bank of America, citing strong guidance looking forward, is maintaining its Buy rating and its $36 price target on Synopsys (NASDAQ: SNPS). In the report, Bank of America states, “While semi customers are aware of the macro uncertainty, the secular trends of mobility and smart devices continue to...

Jefferies has initiated coverage on Compuware (NASDAQ: CPWR) with a Buy rating and a price target set at $11. In its report, Jefferies writes, “Compuware's growth assets will continue to have greater influence on the aggregate model and, with a more favorable mainframe renewal potlook, the company...

Sterne Agee has initiated coverage on the following companies: DST Systems - (NYSE: DST) US$47.91 - Neutral - Target: - Euronet Worldwide Inc. - (NASDAQ: EEFT) US$15.22 - Neutral - Target: - Fidelity National Information Services Inc. - (NYSE: FIS) US$28.07 - Buy - Target: US$34 Fiserv Inc. - (...

J.P. Morgan is out with its report today on Synopsys (NASDAQ: SNPS), maintaining Overweight. In its report, J.P. Morgan writes, "The cash flow outlook is going up for the third consecutive time this year and is even better than we originally thought on stronger bookings and better collections. We...

This is your Benzinga news summary and traders' outlook for Thursday, August 18, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower. Morgan Stanley lowered its global growth targets for both 2011...

Deutsche Bank has published a research report on salesforce.com (NYSE: CRM) previewing 2Q results and reiterating the rating. In the report, Deutsche Bank wrote, "We expect salesforce.com to report rev of $528m and EPS of $0.26 vs Street at $528.6m and $0.30. Street's EPS estimates have not been...

Jefferies & Company has initiated coverage on NetScout Systems (NASDAQ: NTCT) with a Hold rating and $15 price target.

Dollar Tree Inc (NASDAQ: DLTR) is projected to report its Q2 EPS at $0.75 on revenue of $1.55 billion. Sears Holdings Corporation (NASDAQ: SHLD) is estimated to post a Q2 loss at $0.46 per share on revenue of $10.13 billion. Gap Inc (The) (NYSE: GPS) is projected to report its Q2 EPS at $0.33 on...

All day traders should know this, the week leading into options expiration is an extremely tough period to trade. This is a time when the large institutional trading desks will play a lot games with the small retail options traders. Just look at the major stock indexes this week on any intra-day...

Eastman Kodak (NYSE: EK) +14.95% following a Bloomberg article discussing the value of company's patents. Approach Resources (NASDAQ: AREX) +14.14% Clearwire (NASDAQ: CLWR) +8.74% Staples (NASDAQ: SPLS) +8.30% on better than expected Q2 earnings and Q3 guidance. Chico's (NYSE: CHS) +5.08% on...