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Ebix Affirms Continued Growth in 2011
Friday, June 3, 2011 - 12:46pm | 239Ebix, Inc. (NASDAQ: EBIX) a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today reaffirmed a positive outlook for the year 2011 and beyond. The Company decided to issue this release in response to the sudden stock price drop today. The...
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Options Brief: Ebix Inc.
Friday, June 3, 2011 - 11:50am | 99Shares of Ebix Inc. (NASDAQ: EBIX) are lower on the session by 8.89%, trading at $17.02. Overall put volume is now running at 8.62x the daily average, with 66% of all puts traded being purchases on the offer. 6,412 contracts have traded on the session so far. Ebix is an international supplier of...
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UPDATE: Stifel Nicolaus Raises PT on Descartes Systems Group to $9
Friday, June 3, 2011 - 9:20am | 115Stifel Nicolaus is out with its report today on Descartes Systems Group (NASDAQ: DSGX), raising its PT from $8.50 to $9. In a note to clients, Stifel Nicolaus writes, "Descartes reported strong 1Q/F12 results (ended April) this morning, before the open, with revenue of $27.1mn, versus our estimate...
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Bank Of America Reiterates Buy Rating On Autodesk
Friday, June 3, 2011 - 8:59am | 129According to Bank of America, Autodesk (NASDAQ: ADSK) Buy rating is reiterated. Bank of America said that the AEC market has not enjoyed the boom seen by the manufacturing vertical and its recovery has been slow and long thus far. “We reiterate our Buy and view ADSK as a winner in the CAD software...
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Griffin Securities Initiates Autodesk At Buy, $49 PT
Friday, June 3, 2011 - 8:53am | 24Griffin Securities has initiated coverage on Autodesk (NASDAQ: ADSK) with a Buy rating and $49 price target.
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Griffin Securities Initiates Adobe Systems At Buy, $44 PT
Friday, June 3, 2011 - 8:51am | 25Griffin Securities has initiated coverage on Adobe Systems (NASDAQ: ADBE) with a Buy rating and $44 price target.
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Griffin Securities Initiates Coverage On CDNS, MENT, SPNS
Friday, June 3, 2011 - 8:50am | 50Griffin Securities has initiated coverage on the following companies: Cadence Design Systems (NASDAQ: CDNS) Neutral Mentor Graphics Corporation (NASDAQ: MENT) Neutral Synopsys (NASDAQ: SPNS) Buy, $33 PT
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Stifel Nicolaus Raises PT On DSGX, PEET, SEIC
Friday, June 3, 2011 - 8:02am | 59Stifel Nicolaus has raised the price target on the following companies: Descartes Systems Group (NASDAQ: DSGX) from $8.50 to $9, Buy Peet's Coffee & Tea (NASDAQ: PEET) from $48 t0 $60, Buy SEI Investments Company (NASDAQ: SEIC) from $23.50 to $25.50, Buy
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Bank Of America Reiterates Buy Rating On Salesforce.com
Thursday, June 2, 2011 - 8:45am | 158According to Bank of America, Salesforce.com (NYSE: CRM) Buy rating is reiterated. Bank of America said that it hosted a session with Graham Smith, CFO of Salesforce at our Technology Conference. “The partnership with Intuit to integrate Quickbooks with CRM allows Salesforce to tap into Intuit's 4...
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Informatica Cruising The Data Highway According To Oppenheimer
Thursday, June 2, 2011 - 8:07am | 162Oppenheimer has published a research report on Informatica Corporation (NASDAQ: INFA) after the company's management meetings were recently hosted by Oppenheimer. In the report, Oppenheimer writes "We recently hosted management meetings with INFA and left more confident that near-term demand for...
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UPDATE: Oppenheimer Color on Informatica PT Increase
Thursday, June 2, 2011 - 8:02am | 139Oppenheimer, which raised its PT on shares of Informatica Corporation (NASDAQ: INFA), is providing some color on the stock. “We recently hosted management meetings with INFA and left more confident that near-term demand for its broadening offering remains robust, its new investments are starting...
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Bank of America Raises PO On Citrix Systems To $94
Thursday, June 2, 2011 - 6:39am | 28Bank of America has raised the price objective on Citrix Systems (NASDAQ: CTXS) from $86 to $94 and maintains its Neutral rating.
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Oppenheimer Raises PT On Informatica To $63
Thursday, June 2, 2011 - 6:33am | 25Oppenheimer has raised the price target on Informatica (NASDAQ: INFA) from $61 to $63 and maintains its Outperform rating.
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Earnings Scheduled For June 2
Thursday, June 2, 2011 - 12:59am | 420Cascade Corporation (NYSE: CASC) is estimated to report its Q1 EPS at $0.82 on revenue of $113.33 million. SAIC Inc (NYSE: SAI) is projected to report its Q1 EPS at $0.33 on revenue of $2.71 billion. The Descartes Systems Group Inc (NASDAQ: DSGX) is projected to report its Q1 EPS at $0.12 on...
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Longtop Financial Technologies Limited Announces Board Acceptance of Resignation of CFO
Wednesday, June 1, 2011 - 12:32pm | 40Longtop Financial Technologies Limited (NYSE: LFT) announced today that the Board has formally accepted the resignation of Derek Palaschuk, the Company's Chief Financial Officer. He tendered his resignation by letter, dated May 19, 2011.