Application Software

Deutsche Bank upgraded its price target on Synchronoss (NASDAQ: SNCR) from $42 to $46, while maintaining its Buy rating, in a research report published today. In the report, Deutsche Bank states "Synchronoss got off to a solid start in 1Q, reporting $53.4m/$0.20, ahead of our $51.5m/$0.20 and...

According to Goldman Sachs, Synchronoss Technologies (NASDAQ: SNCR) reported 1Q revenues of $53.4 mn, 2%/3% above its/consensus estimates. Goldman Sachs said that excluding acquisition and restructuring costs, stock comp, and purchase amortization, cash EPS of $0.20 was in line with estimate but $...

Piper Jaffray, which raised its PT on shares of Kenexa Corp. (NASDAQ: KNXA), is providing some color on the stock. “Kenexa reported $63M revenue, above consensus of $61M, and $0.15 PF EPS, above consensus of $0.14,” Piper Jaffray writes. “Revenue grew 59% y/y, faster than comparably-sized HCM...

Piper Jaffray has raised the price target on Kenexa Corporation (NASDAQ: KNXA) from $35 to $36 and maintains its Overweight rating.

Deutsche Bank has raised the price target on Synchronoss (NASDAQ: SNCR) from $42 to $46 and maintains its Buy rating.

JP Morgan has lowered the price target on Quest Software (NASDAQ: QSFT) from $30 to $28 and maintains its Overweight rating.

Jim Cramer said on CNBC's Mad Money Lightning Round OT that he likes Baidu.com, Inc. (ADR) (NASDAQ: BIDU), and SINA Corporation (USA) (NASDAQ: SINA) in the internet space, but he doesn't want to buy Youku.com Inc (ADR) (NYSE: YOKU). Youku.com Inc (ADR) (YOKU) fell 5.91% today, and it closed at $55....

Concur Tech (NASDAQ: CNQR) Reports Q2 ADJ EPS of $0.25 vs. $0.16 Estimate.

Quest Software (NASDAQ: QSFT) Reports EPS of $0.20 vs. $0.29 Estimate; Revenues $188.2M vs. $197.92M Estimate

Jack Henry (NASDAQ: JKHY) Reports EPS of $0.38 vs. $0.38 Estimate; Revenues $240.2M vs. $242.38M Estimate

Synchronoss Technologies, Inc. (Nasdaq: SNCR), the leading provider of activation and enablement of cloud services, today announced that its Board of Directors has authorized a stock repurchase program under which the company may repurchase up to $20 million of its outstanding common stock....

Institutional Shareholder Services, the leading independent proxy voting advisory firm, has recommended support for two of Carl Icahn's nominees to Mentor Graphics' (NASDAQ: MENT) board of directors. ISS recommended that shareholders of Mentor Graphics vote for Mr. Jose Maria Alapont and Mr. Gary...

Another black eye for RenRen (RENN) as the head of their audit committee - who is under massive pressure as CFO of Longtop Financial (LFT) resigns just ahead of the IPO pricing tonight, and issued to go live tomorrow.  (Ironically Citron Research is involved in this story too)   The reasons for...

Jefferies maintained its Buy rating on Monotype Imaging (NASDAQ: TYPE) in a research paper published today. In the report, Jefferies states, "TYPE beat 1Q11 expectations, guided 2Q11 ahead of Street and maintained prior CY11 guidance. Given concerns around the impact of Japan to guidance, this is...

Deutsche Bank is reiterating its Hold rating and its $50 price target on Concur Technologies (NASDAQ: CNQR) in expectation of inline 2Q results for the company. Says Deutsche Bank, in its report, “We are expecting that Concur's 2Q results should be in line with management's conservative guidance....