Application Software

Cusick's Corner I am writing this into today's Fed number so I will be brief. Unless there is a major shift in policy language or lack of unanimous agreement, the market looks ready to challenge to the upside. In other words, I will be watching to see if dips are being bought or if we just run to...

Emerging Global, the ETF issuer known for its all-emerging markets lineup, plans to introduce the EGShares Technology Gems ETF (NYSE: QGEM) on Thursday. The new ETF will track the Dow Jones Emerging Markets Technology Titans 30 Index and feature an expense ratio of 0.3%. As of April 30, the...

Shares of CarMax Inc (NYSE: KMX) gained about 7% after the company posted better-than-expected first-quarter results. CarMax reported its quarterly net income at $126.3 million, or $0.55 per share, up from $101.1 million, or $0.44 per share, in the year-ago period. Its revenue surged 18.5% to $2.68...

Shares of TIBCO Software Inc. (NASDAQ: TIBX) are lower on the session by 0.43%, trading at $25.61. Overall call volume is now running at 13.28x the daily average, with 2% of all calls traded being purchases on the offer. 20,801 contracts have traded on the session so far. TIBCO Software Inc. is...

FSI International Inc (NASDAQ: FSII) dipped 21.47% to $2.89 at 9:55 am. FSII's Q3 net income dropped to $4.1 million, from $5.9 million, in the year-ago period. First Federal Bancshares of Arkansas Inc (NASDAQ: FFBH) shares dropped 16.34% to $6.50. FFBH's trailing-twelve-month profit margin is -30...

Volcom Inc (NASDAQ: VLCM) dipped 4.04% to $23.51 in the pre-market session. VLCM's PEG ratio is 1.50. Adobe Systems Incorporated (NASDAQ: ADBE) dropped 3.72% to $30.82 in the pre-market trading. ADBE posted a 54% surge in its quarterly profit. Logitech International SA (NASDAQ: LOGI) moved down 3...

Citi removed Adobe Systems (NASDAQ: ADBE) from its "Most Preferred" list. In a research report published today, Citi remained positive on the company's long-term outlook. Citi currently has a Buy rating and a price target of $42 placed on the company's stock. In the report, Citi states, "Drivers...

According to Bank of America, Adobe (NASDAQ: ADBE) reported F2Q results beating estimates and consensus, while the upside was in-line with our preview. Bank of America said that total rev was $1.023bn vs our est of $992mn and cons of $994mn, and pro forma EPS was $0.55 vs our est of $0.50 and cons...

This is your Benzinga news summary and traders' outlook for Wednesday, June 22, 2011, covering headlines from overnight and Wednesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower as the U.S. dollar is slightly higher this morning as investors...

Oppenheimer provided color on Adobe Systems (NASDAQ: ADBE). In a research report published today, Oppenheimer stressed that even though the company is well managed, there seems to be a lack of expansion opportunities in the near term. In the report, Oppenheimer states, "Despite a challenging macro...

Morgan Stanley is maintaining its Equal-Weight rating on Adobe Systems (NASDAQ: ADBE) following the company's release of Q2 results. According to Morgan Stanley, “Q2 was a mixed bag as strength in Japan and CS 5.5 were offset by weakness in Europe and Enterprise. Total rev. of $1,023M and EPS of $...

Adobe (NASDAQ: ADBE) is down over 3% in pre-market after announcing lower than expected profit guidance guidance yesterday after the close. The company sees Q3 adjusted EPS of $0.50 to $0.56 while the analysts were expecting the EPS guidance of $0.54. Adobe reported Q2 EPS of $0.55 vs. $0.51...

Deutsche Bank is out with its report today on Adobe Systems (NASDAQ: ADBE), reiterating Buy. In a note to clients, Deutsche Bank writes, "Adobe reported revenue of $1.023b vs our/Street estimates of $1b/$0.995b. EPS came in at $0.55 vs us/Street at $0.53/$0.51. Impact from Japan was only $10m,...

Jefferies is maintaining its $38 PT on Adobe (NASDAQ: ADBE). “ADBE reported a decent F2Q11 with Japan much better than initially guided, but some incremental weakness in Europe,” Jefferies writes. “Guidance for F3Q11 was broadly in line with consensus and mgmt reinstated the 10% revenue growth...

Oppenheimer has initiated coverage on the following companies: CEVA Inc. (NASDAQ: CEVA) Outperform, $34 PT RRsat Global Communications (NASDAQ: RRST) Outperform, $9 PT Tower Semiconductor (NASDAQ: TSEM) Outperform, $1.50 PT Retalix (NASDAQ: RTLX) Perform, $15 PT