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Morgan Stanley Meets With CFO Of CRM
Thursday, June 9, 2011 - 7:50am | 186Morgan Stanley is maintaining its Overweight rating, along with its $200 price target on salesforce.com (NYSE: CRM) following meetings with the company's CFO recently. Says Morgan Stanley, in the report, “We recently met w/ CRM CFO Graham Smith and have new data from the field on transactions and...
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Options Brief: Nuance Communications
Wednesday, June 8, 2011 - 1:00pm | 84Shares of Nuance Communications (NASDAQ: NUAN) are higher on the session by 1.09%, trading at $20.45. Overall call volume is now running at 3.09x the daily average, with 44% of all calls traded being purchases on the offer. 9,585 contracts have traded on the session so far. Nuance Communications...
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Peter Karmanos Plans New Software Company
Wednesday, June 8, 2011 - 12:13pm | 222Peter Karmanos, Compuware's (NASDAQ: CPWR) Chairman and CEO, has announced that he will step down in 2013 when he turns 70 and the company he founded turns 40, and he believes that the software development company could be worth $6 billion by then. Current Compuware President and COO Robert Paul...
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Tyler Technologies Signs Local Government Contract with Alabama City to Replace Multiple Vendor Applications
Wednesday, June 8, 2011 - 7:33am | 146Tyler Technologies (NYSE: TYL) has signed an agreement with the city of Hartselle, Ala., for Tyler's Incode integrated local government solution. The contract includes related professional services, maintenance and support. Hartselle decided to invest in a wide range of Incode applications,...
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Solera Holdings, Inc. Announces Launch of $350 Million Senior Note Private Offering
Tuesday, June 7, 2011 - 4:01pm | 90Solera Holdings, Inc. (NYSE: SLH) announced today that its indirect wholly-owned subsidiary Audatex North America, Inc., plans to issue $350 million aggregate principal amount of senior notes due 2018 in a private offering. The Notes will be guaranteed by Solera and all of Solera's domestic...
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Top Percentage Gainers and Losers as of 2pm 06/07/11
Tuesday, June 7, 2011 - 2:27pm | 642Best 1) Temple-Inland (NYSE: TIN): Trading up 41.3% from yesterday's close to $29.67. International Paper put in a bid to acquire Temple-Inland for $30.60 per share. Temple's board rejected the deal, saying that the bid undervalued the company. 2) Westinghouse Solar (NASDAQ: WEST): Trading up 28...
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Magma Design Hits 52-Week High
Tuesday, June 7, 2011 - 12:38pm | 34Magma Design (NASDAQ: LAVA) has hit a 52-week high in today's trading. At last check, the year-to-date performance of Magma Design has been a gain of 46%.
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Calls Purchased on TIBCO Software Inc.
Tuesday, June 7, 2011 - 10:10am | 125Shares of TIBCO Software Inc. (NASDAQ: TIBX) are higher on the session by 0.27%, currently trading at $26.21. The stock has been moving largely lower over the past six weeks and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying calls on the name...
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Options Brief: Adobe Systems Incorporated
Tuesday, June 7, 2011 - 10:08am | 94Shares of Adobe Systems Incorporated (NASDAQ: ADBE) are higher on the session by 0.40%, trading at $32.97. Overall call volume is now running at 3.98x the daily average, with 54% of all calls traded being purchases on the offer. 13,815 contracts have traded on the session so far. Adobe Systems...
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Red For Market Leaders
Tuesday, June 7, 2011 - 9:38am | 111Despite the green on your screen, there is blood on the leaders, which is never a good sign for the rest of the day. Names like Apple (NASDAQ: AAPL), Netflix (NASDAQ: NFLX), salesforce.com (NYSE: CRM) and Green Mountain Coffee (NASDAQ: GMCR) are solidly red this morning. This could be an...
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Benzinga's Top Pre-Market NASDAQ Losers
Tuesday, June 7, 2011 - 8:26am | 115Citrix Systems Inc (NASDAQ: CTXS) dipped 2.62% to $80 in the pre-market session. Analysts at JP Morgan downgraded Citrix Systems from “neutral” to “underweight.” CA Inc (NASDAQ: CA) dropped 1.91% to $22.04 in the pre-market trading. CA's trailing-twelve-month ROA is 6.50%. Research In Motion...
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Benzinga's Top Downgrades
Tuesday, June 7, 2011 - 8:14am | 140Analysts at JP Morgan downgraded Citrix Systems Inc (NASDAQ: CTXS) from “neutral” to “underweight.” CTXS's shares closed at $82.15 yesterday. Citrix Systems' PEG ratio is 2.54. Analysts at Citadel Securities downgraded United Therapeutics Corporation (NASDAQ: UTHR) from “add” to “neutral.” UTHR's...
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Jefferies Makes No Changes to its Adobe Estimates Following Creative Professionals Survey
Tuesday, June 7, 2011 - 8:10am | 97Jefferies is maintaining its estimates on Adobe (NASDAQ: ADBE) following its latest survey of creative professionals. “Our latest work suggests that the CS5.5 release could modestly expand the pool of users who will choose to upgrade, but we don't think there has been an initial boost and most are...
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Top Image Systems Announces a Private Placement of $2.85M Ordinary Shares at $2.00/Share
Tuesday, June 7, 2011 - 8:01am | 169Top Image Systems Ltd. (Nasdaq: TISA) today announced it has entered into a definitive agreement for the private placement of $2,850,000 of ordinary shares of the Company at a purchase price of $2.00 per share to accredited investors. The investors will also receive 25% warrant coverage to...
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UPDATE: Jefferies Color on Citrix Downgrade, PT Increase
Tuesday, June 7, 2011 - 7:35am | 99Jefferies, which downgraded shares of Citrix while raising its PT, is providing some color on the stock. “We are downgrading shares of Citrix (NASDAQ: CTXS) to Underweight from Neutral because we believe current valuations assume overly optimistic market adoption rates of desktop virtualization...