Systems Software

Bank of America Merrill Lynch has a Buy rating and a $32 price target on shares of Oracle (NASDAQ: ORCL). In the note, BAML writes, "If you take the gross profits of the maintenance revenue streams across software and hardware, it totals $14bn in trailing 12 month terms. On top of that you deduct...

Apple, Microsoft? No way. Rain and hail? Bring it on! To most people in the tech industry, Google (NASDAQ: GOOG) is currently known as the kooky search engine giant that shocked the world when it announced its plans to acquire Motorola (NYSE: MMI). The acquisition wasn't unprecedented (this is...

BroadSoft (NASDAQ: BSFT) -16.92% on heavier than average volume. Velti (NASDAQ: VELT) -16.23% on lower than average volume. CommVault Systems (NASDAQ: CVLT) -14.96% after Jefferies initiates the company with Hold. Servicesource International (NASDAQ: SREV) -15.31% on average volume. Meritor (...

TeleCommunication Systems (NASDAQ: TSYS) today announced that the company's CEO, Maurice B. Tosé, has been reappointed to serve on the Federal Communications Commission's (FCC) Communications Security, Reliability and Interoperability Council (CSRIC) until 2013. The CSRIC is responsible for...

Citi is out with its report today on Red Hat (NYSE: RHT), initiating RHT at Buy. In its report, Citi writes, "We are initiating coverage of Red Hat with a Buy rating and $45 price target. We believe continued upside to Street estimates and 20-25% billings growth in FY12 will drive the stock...

According to Jefferies, Sourcefire (NASDAQ: FIRE) coverage is initiated with a Buy rating. Jefferies said that Sourcefire is expanding its supply in a healthy demand environment which should lead to accelerating revenue growth and margin expansion. “We are initiating coverage with a Buy rating;...

According to Jefferies, CommVault Systems (NASDAQ: CVLT) coverage is initiated with a Hold rating. Jefferies said that the fundamental changes occurring with data management are revitalizing related growth opportunities and CommVault's product strategy is directly aligned with these trends. “We...

Jefferies is out with its report today on BMC Software (NYSE: BMC), initiating BMC at Buy. In its report, Jefferies writes, "We are initiating on BMC Software with a Buy rating as we believe the company will continue its transition from a low to mid-tier growth company. We expect its Enterprise...

Jefferies is out with its report today on BMC Software (NYSE: BMC), initiating BMC at Buy. In its report, Jefferies writes, "We are initiating on BMC Software with a Buy rating as we believe the company will continue its transition from a low to mid-tier growth company. We expect its Enterprise...

Jefferies is initiating coverage on CA Technologies (NASDAQ: CA) with a Hold rating and a price target set at $23. According to Jefferies, “We believe the dearth in the renewal pipeline growth provides a modest headwind that counters near-term revenue growth acceleration trends and a compelling...

According to Jefferies, Check Point Software (NASDAQ: CHKP) coverage is initiated with a Buy rating. Jefferies said that it is initiating coverage with a Buy rating; our $66 price target is based on 21x the CY12 earnings estimate of $3.16 and implies a P/FCF cash valuation of 18x, in-line with the...

Jefferies is initiating coverage on Symantec (NASDAQ: SYMC) with a Buy rating and a price target of $23. In its report, Jefferies writes, “We are initiating on Symantec with a Buy rating as the company should see an acceleration in aggregate revenue growth with margin expansion. Symantec is also...

Jefferies & Company has initiated coverage on BMC Software (NASDAQ: BMC) with a Buy rating and $53 price target.

Jefferies & Company has initiated coverage on Check Point Software (NASDAQ: CHKP) with a Buy rating and $66 price target.

Jefferies & Company has initiated coverage on CommVault Systems (NASDAQ: CVLT) with a Hold rating and $36 price target.