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Cloud Stocks Keep The Sky From Falling
Wednesday, June 1, 2011 - 10:48am | 161The major stock market indexes have reversed all of yesterday's holiday hangover rally. The Dow Jones Industrial Average is now trading lower by 122.00 points. The financial stocks are getting sold off sharply and this weak sector is certainly weighing on the major stock indexes. There is one small...
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PROS Executive to Address CFO Concerns Conference
Wednesday, June 1, 2011 - 8:32am | 244PROS (NYSE: PRO) today announced that Doug Fuehne, vice president of the company's Professional Services organization, will address the CFO Core Concerns Conference, sponsored by CFO Magazine. The event is scheduled for June 12-14 at Chicago's Westin Michigan Avenue. In the longest-running survey...
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Benzinga's Top Upgrades
Wednesday, June 1, 2011 - 8:22am | 106Goldman Sachs upgraded BlackRock (NYSE: BLK) from “neutral” to “buy.” BLK's shares closed at $205.56 yesterday. BlackRock's trailing-twelve-month operating margin 35.73%. Analysts at Sterne Agee upgraded Concur Technologies Inc (NASDAQ: CNQR) from “neutral” to “buy.” CNQR's shares closed at $49.97...
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Global Equities Research Cutting Estimates On Adobe
Wednesday, June 1, 2011 - 7:57am | 152Global Equities Research is cutting its estimates on Adobe (NASDAQ: ADBE), as it expects the company to miss estimates. It has a Neutral rating and a $31 price target on shares. In a note to clients, Global writes, "We are reducing our estimates, maintaining Equalweight rating and 12 – 18 months...
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What's Hot On TheStreet?
Tuesday, May 31, 2011 - 2:21pm | 313Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Stocks Under $5: Beaten-Down Homebuilders The March S&P/Case-Shiller home price numbers were released earlier today, with the overall reading for 20 of the largest cities in the U.S. falling 3.6% from the...
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Calls Purchased on Informatica Corporation
Tuesday, May 31, 2011 - 10:45am | 150Shares of Informatica Corporation (NASDAQ: INFA) are lower on the session by 1.02%, currently trading at $57.26. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name...
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VM Ware and Salesforce.com Lag Early
Tuesday, May 31, 2011 - 10:41am | 287This morning, the major stock indexes are all trading higher as the U.S. Dollar Index remains at the lows of the session. The rally today is broad based with early strength in energy, commodities and technology. Two leading technology stocks are not participating in the morning rally and they are...
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VirnetX (VHC) Setting Up Long Despite Friday Fakeout
Tuesday, May 31, 2011 - 8:47am | 296Today's POD is in VirnetX Holding Corporation (VHC) -an old trading favorite of mine that is setting up well again. VHC touched a high of $25.94 on Friday before giving us a buyable pullback to the close of $24.12. I am looking to get a tier 1 trade around $24.50 and then an add above Friday's high...
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Morgan Keegan Reports on Citrix Systems
Tuesday, May 31, 2011 - 8:39am | 220Morgan Keegan commented on Citrix Systems (NASDAQ: CTXS) in a report released today. In the report, Morgan Keegan was positive in its assessment of the company. Morgan Keegan writes, "Citrix is in the midst of a major product transition from application virtualization to desktop virtualization...
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UPDATE: Deutsche Bank Color on SuccessFactors Target Increase
Tuesday, May 31, 2011 - 8:26am | 111Deutsche Bank, which raised its PT on shares of SuccessFactors (NASDAQ: SFSF), is providing some color on the stock. “We returned from the recent user group event with high conviction around momentum with new customers, greater usage of existing modules and view learning as having the highest up-...
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Lawson Software Merger OK'd
Tuesday, May 31, 2011 - 8:05am | 262Lawson Software (NASDAQ: LWSN) today announced that it has filed with the Securities and Exchange Commission, and will commence mailing of, definitive proxy materials in connection with the proposed merger transaction with GGC Software Holdings, Inc., an affiliate of Golden Gate Capital and Infor....
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Morgan Keegan Raises PT On Citrix Systems To $97
Tuesday, May 31, 2011 - 6:48am | 27Morgan Keegan has raised the price target on Citrix Systems (NASDAQ: CTXS) from $90 to $97 and maintains its Outperform rating.
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Deutsche Bank Raises PT On SuccessFactors To $45
Tuesday, May 31, 2011 - 6:11am | 26Deutsche Bank has raised the price target on SuccessFactors (NASDAQ: SFSF) from $40 to $45 and maintains its Buy rating.
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Industrial Gold 05-27-2011
Friday, May 27, 2011 - 5:29pm | 829Cusick's Corner The market pulled back into the afternoon but never jeopardized any critical levels. Commodities bounced back today, especially as the Buck continued to pull back and the market was looking to get into some safety over the long weekend. Another positive point is that Copper,...
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Citrix Systems Rising To 10 Year Highs
Friday, May 27, 2011 - 11:02am | 62Citrix Systems, Inc. (NASDAQ: CTXS) shares are at levels not seen in a decade, as the company continues to fire on all cylinders in the cloud computing space. At last check, shares were up $1.34 to $87.73, a gain of 1.5% on 760,000 shares. Citrix Systems, Inc. designs, develops, and markets...