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FEYE

FireEye

$11.26

-0.24 (-2.09%)

, PI

Impinj

$28.36

-0.76 (-2.61%)

04:55
03/01/17
03/01
04:55
03/01/17
04:55

Pacific Crest to hold a summit

12th Annual Pacific Crest Emerging Technology Summit is being held in San Francisco on February 28-March 1.

FEYE

FireEye

$11.26

-0.24 (-2.09%)

PI

Impinj

$28.36

-0.76 (-2.61%)

BL

BlackLine

$28.53

-1.03 (-3.48%)

FB

Facebook

$135.54

-0.87 (-0.64%)

MB

Mindbody

$26.55

-0.5 (-1.85%)

PCTY

Paylocity

$35.26

-1.15 (-3.16%)

AZPN

Aspen Technology

$58.14

-0.86 (-1.46%)

ECOM

ChannelAdvisor

DATA

Tableau

$52.74

-0.84 (-1.57%)

CTXS

Citrix

$78.95

-1.21 (-1.51%)

GRPN

Groupon

$4.23

-0.26 (-5.79%)

CYBR

CyberArk

$50.58

-0.02 (-0.04%)

PFPT

Proofpoint

$78.77

-0.58 (-0.73%)

WDAY

Workday

$82.93

-7.26 (-8.05%)

ULTI

Ultimate Software

$193.39

-5.78 (-2.90%)

AMBR

Amber Road

$7.54

-0.21 (-2.71%)

VEEV

Veeva

$43.69

-0.45 (-1.02%)

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FEYE FireEye
$11.26

-0.24 (-2.09%)

02/03/17
OPCO
02/03/17
NO CHANGE
Target $23
OPCO
Outperform
FireEye price target lowered to $23 from $28 at Oppenheimer
Oppenheimer analyst Shaul Eyal lowered his price target for FireEye to $23 from $28 after results to reflect its weak top-line performance. While the analyst believes valuation levels remain attractive, FireEye has challenges "a plenty to digest." Nevertheless, Eyal says strategic opportunities may emerge longer term. He reiterates an Outperform rating on the shares.
02/06/17
IMPC
02/06/17
NO CHANGE
Target $12
IMPC
In-Line
Imperial says FireEye investors could remain sidelined until billings grow again
Imperial Capital analyst Michael Kim lowered his price target on FireEye to $12 from $15 after the company reported Q4 revenue and billings that missed expectations and said he thinks investors could stay on the sidelines until billings growth returns. He keeps an In-Line rating on FireEye shares.
02/03/17
FBNS
02/03/17
DOWNGRADE
FBNS
Sector Perform
FireEye downgraded to Sector Perform from Outperform at FBN Securities
02/03/17
EVER
02/03/17
NO CHANGE
Target $14
EVER
Buy
FireEye price target lowered to $14 from $26 at Evercore ISI
Evercore ISI analyst Ken Talanian lowered FireEye's price target to $14 following the Q4 revenue miss and guidance, and the CFO departure. The analyst said even though product declines have dragged down overall billing, it continues to generate recurring billings, suggesting a reasonable dollar based renewal rate. With shares down approximately 18% in the aftermarket, Talanian said sum-of-the-parts valuation suggests upside, even if it never sells a new deal again and captures only the cash flow from the recurring business into perpetuity. The analyst has a Buy rating on FireEye.
PI Impinj
$28.36

-0.76 (-2.61%)

12/06/16
PACS
12/06/16
NO CHANGE
Target $36
PACS
Overweight
Amazon Go probably not bad for Impinj, says Pacific Crest
Pacific Crest analyst Brad Erickson believes Amazon's (AMZN) Go retail store concept announced yesterday is probably not bad for Impinj (PI). Go utilizes machine learning, sensor fusion and computer vision to allow retail shoppers to select and pay for items without having to go through any kind of checkout process, Erickson tells investors in a research note. The technology providing the item-level intelligence is unclear from what Amazon said, the analyst adds. Erickson says he'd view it as a positive if Impinj is involved and more neutral if not. The analyst believes ultra-high-frequency RFID, like Impinj's technology, is the only cost-effective way to drive true-item level intelligence. He has an Overweight rating on Impinj with a $36 price target.
10/06/16
RBCM
10/06/16
NO CHANGE
RBCM
Impinj price target raised to $37 from $30 at RBC Capital
RBC Capital analyst Mitch Steves says that the declining cost of RFID chips should enable Impinj to expand into other vertical markets. The analyst thinks that new uses for the company's products are emerging, and he says that its total available market could rise. Steves keeps an Outperform rating on the stock.
02/23/17
MSCO
02/23/17
INITIATION
Target $40
MSCO
Overweight
Impinj initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Craig Hettenbach initiated Impinj with an Overweight and a $40 price target.
09/01/16
ADAM
09/01/16
NO CHANGE
Target $30
ADAM
Buy
Impinj price target raised to $30 from $25 at Canaccord
Canaccord analyst T. Michael Walkley raised his price target on Impinj to $30 from $25 following strong Q2 results. The analyst cited strong demand for Monza endpoints, strong guidance, and continued acceleration in the key retail vertical. Walkley reiterated his Buy rating on his Impinj shares.
BL BlackLine
$28.53

-1.03 (-3.48%)

02/28/17
BARD
02/28/17
INITIATION
Target $33
BARD
Outperform
BlackLine assumed with an Outperform at Baird
Baird analyst Rob Oliver assumed coverage on BlackLine with an Outperform and $33 price target.
11/22/16
RAJA
11/22/16
INITIATION
Target $31
RAJA
Outperform
BlackLine initiated with an Outperform at Raymond James
Raymond James analyst Terry Tilman initiated BlackLine with an Outperform and a $31 price target given its ability to monetize secular changes associated with modernizing accounting and finance operations and to capitalize as a leading player in cloud-based accounting automation and optimization solutions.
11/22/16
WBLR
11/22/16
INITIATION
WBLR
Outperform
BlackLine initiated with an Outperform at William Blair
William Blair analyst Bhavan Suri started BlackLine with an Outperform rating. The company's "rapid" penetration of the enterprise market represents "strong" validation of its value proposition, Suri tells investors in a research note.
11/22/16
11/22/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Royal Dutch Shell (RDS.A) initiated with a Buy at UBS. 2. Acushnet Holdings (GOLF) initiated with a Buy at UBS, a Hold at Deutsche Bank, a Market Perform at Wells Fargo, a Buy at SunTrust, an Overweight at KeyBanc, a Buy at Nomura, a Neutral at JPMorgan, a Buy at Jefferies, an Outperform at Raymond James, a Neutral at Credit Suisse, and an Overweight at Morgan Stanley. 3. BlackLine (BL) initiated with a Neutral at Goldman, an Outperform at Baird, a Neutral at JPMorgan, an Overweight at Pacific Crest, an Outperform at Raymond James, and an Outperform at William Blair. 4. Quantenna Communications (QNTA) initiated with a Buy at Deutsche Bank, an Overweight at Barclays, an Outperform at William Blair, a Buy at Needham, a Buy at Roth Capital, and an Overweight at Morgan Stanley. 5. Chubb (CB) initiated with a Buy at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
FB Facebook
$135.54

-0.87 (-0.64%)

02/13/17
NEED
02/13/17
NO CHANGE
Target $150
NEED
Buy
Facebook broader approach suggests longer growth runway globally, says Needham
Comparing Snap Inc (SNAP) to Facebook (FB), Needham analyst Laura Martin notes that a key distinction between both at IPO date is that the latter reported positive 27% net income margins in the year before going public, while Snap Inc lost $514M. However, the latter is growing revenue much faster, the analyst adds. Nonetheless, she believes Facebook's broader approach suggests a longer growth runway and upside revenue potential from all countries globally. Martin reiterates a Buy rating and $150 price target on the shares.
02/10/17
UBSW
02/10/17
DOWNGRADE
Target $12
UBSW
Sell
Twitter downgraded to Sell from Neutral at UBS
UBS analyst Eric Sheridan downgraded Twitter (TWTR) to Sell following the company's Q4 results. The analyst cut his price target for the shares to $12 from $18. In a research note titled "Can't Fly With Broken Wings," Sheridan said he sees Twitter as struggling to increase a mix of user time and mainstream adoption. Amid "hyper-competition" from Google (GOOGL, GOOG), Facebook (FB) and Instagram, among others, Twitter needs to re-position its advertising business around a smaller cohort of products, Sheridan tells investors. Loop Capital this morning also downgraded Twitter to Sell.
02/28/17
AGIS
02/28/17
INITIATION
Target $22
AGIS
Snap Inc. initiated with a $22 price target at Aegis
Aegis analyst Victor Anthony initiated coverage on Snap Inc. (SNAP) pre-IPO with a year-end $22 price target. Anthony is concerned about Snap's slow user growth and no growth in some regions, comparing it to Twitter's (TWTR) issues, the ease of which Facebook (FB) has replicated parts of Snap's products, Snap's lack of an ecosystem, inferior ad capabilities, an ad mix heavily weighted towards brand versus direct response, advertisers view Snap as experimental spend, lack of a defined path towards profitability, and zero investor control over corporate governance. However, the analyst's checks within the ad industry indicate marketers are "enthusiastic" about creating ads to get in front of Snap's demographic,its most valuable asset. Anthony believes Snap will be a sustained ad share gainer over the next two years, which should be enough to drive upside to the offering price range.
02/24/17
STFL
02/24/17
NO CHANGE
STFL
DuPont Fabros overhang lifted, says Stifel
Stifel analyst Matthew Heinz says that DuPont Fabros' (DFT) update on " the base case financial impact of its upcoming renewal discussions with Facebook (FB)" removes an overhang on DuPont's stock. The analyst says that the impact of the renewal "appears very manageable," and he expects demand for the company's services to remain strong. Heinz increased his price target on DuPont to $57 from $48 and keeps a Buy rating on the shares.
MB Mindbody
$26.55

-0.5 (-1.85%)

02/09/17
IMPC
02/09/17
NO CHANGE
Target $30
IMPC
Outperform
MINDBODY price target raised to $30 from $25 at Imperial Capital
Imperial Capital analyst George Kelly said he continues to see momentum in MINDBODY's core business following its Q4 report and also sees potential for new, high margin revenue streams. He raised his price target on MINDBODY shares to $30 from $25 and keeps an Outperform rating on the stock.
01/05/17
UBSW
01/05/17
NO CHANGE
Target $26
UBSW
Buy
MINDBODY a small-cap top pick for 2017, says UBS
UBS analyst Brent Thill calls MINDBODY a top small-cap pick heading into 2017 citing the company's price increase across functionality tiers to start the new year. The price increases highlight the company's leadership position and technology lead in its health and wellness services market, said Thill, who reiterated his Buy rating and $26 price target on MINDBODY shares.
12/21/16
ROTH
12/21/16
NO CHANGE
Target $25.5
ROTH
Buy
MINDBODY integration with Google incremental positive, says Roth Capital
Roth Capital analyst Darren Aftahi believes MINDBODY's (MB) integration with Google's (GOOG; GOOGL) "reserve with Google" should raise the awareness of the company's brand, its subscriber's businesses, and adds another partnership catalyst to the stock in 2017. Further, the analyst says the eventual integration into Google Maps could be material given its 1B users and continued vertical integration of services. This deal could also open the door for other partnerships for local services, including a company like Facebook (FB), he adds. Aftahi reiterated a Buy rating on MINDBODY's stock and raised his price target on the shares to $25.50 from $23.50.
02/09/17
FBCO
02/09/17
NO CHANGE
Target $27
FBCO
Outperform
MINDBODY price target raised to $27 from $22 at Credit Suisse
Credit Suisse analyst Michael Nemeroff raises his price target for MINDBODY to $27 from $22 after the company reported another "strong quarter." The analyst reiterates an Outperform rating on the shares.
PCTY Paylocity
$35.26

-1.15 (-3.16%)

01/25/17
STFL
01/25/17
NO CHANGE
STFL
Stifel lists potential takeout candidates following AppDynamics deal
Cisco's (CSCO) acquisition of AppDynamics (APPD) is a sign that the wave of Software deal activity in 2016 has carried over into the new year, Stifel analyst Brad Reback tells investors in a research note. He believes the deal bodes well for the small- and mid-cap names across his firm's coverage list, including potential consolidation candidates such as Barracuda (CUDA), ChannelAdvisor (ECOM), FireEye (FEYE), HubSpot (HUBS), Paycom (PAYC), Paylocity (PCTY), Proofpoint (PFPT), SecureWorks (SCWX), Splunk (SPLK), Tableau (DATA), Ultimate Software (ULTI), Veeva (VEEV) and Zendesk (ZEN). He notes that AppDynamics most directly competes against other application performance management vendors such as New Relic (NEWR and privately-held Dynatrace.
02/03/17
CHLM
02/03/17
NO CHANGE
Target $36
CHLM
Hold
Paylocity price target lowered to $36 from $42 at Craig-Hallum
Craig-Hallum analyst Jeff Van Rhee lowered his price target for Paylocity to $36 from $42 following quarterly results. While the analyst notes that the company put up a "strong" top and "very strong" bottom line performance in the quarter, he says increasing competition, potential ACA repeal, and changes to the sales recruiting model weigh heavily on his opinion of the shares. He reiterates a Hold rating on the shares.
02/03/17
BOFA
02/03/17
UPGRADE
BOFA
Buy
Paylocity upgraded to Buy from Underperform at BofA/Merrill
BofA/Merrill upgraded Paylocity two notches to Buy from Underperform and raised its price target to $40 following the Q2 beat and guidance. The firm's analyst believes core growth has bottomed at 25% year-over-year and can accelerate in FY18 driven by improving sales productivity, a return to historical broker channel referral rates, and higher new module attach rates. The analyst valuation has compressed and EBITDA margins have improved, providing visibility into stronger leverage as sales and growth pick up in FY18.
12/01/16
OPCO
12/01/16
INITIATION
OPCO
Paylocity initiated with a Perform at Oppenheimer
AZPN Aspen Technology
$58.14

-0.86 (-1.46%)

04/29/16
JPMS
04/29/16
INITIATION
Target $36
JPMS
Underweight
Aspen Technology reinstated with an Underweight at JPMorgan
Following a period of restriction, JPMorgan analyst Sterling Auty reinstated Aspen Technology with an Underweight rating and $36 price target. The challenging oil/energy environment is weighing on demand, Auty tells investors in a research note.
01/27/17
AVON
01/27/17
UPGRADE
AVON
Outperform
Aspen Technology upgraded to Outperform from Underperform at Avondale
Avondale analyst Michael Morosi upgraded Aspen Technology two notches to Outperform from Underperform with a $60 price target following the beat and raise Q2 report. The analyst said Aspen's platform strength has allowed management to maintain a 3-6% annual spend target despite non-renewals from small E&Cs and significant token reductions from large upstream-levered customers. Morosi said management is cautiously optimistic that the worst of the spending declines are behind the company and believes there is an opportunity to drive material revenue re-acceleration, despite the upstream spending environment.
08/12/16
AVON
08/12/16
DOWNGRADE
AVON
Underperform
Aspen Technology downgraded to Underperform from Market Perform at Avondale
04/29/16
04/29/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Aspen Technology (AZPN) reinstated with an Underweight at JPMorgan citing the challenging oil/energy environment weighing on demand. 2. Dick's Sporting (DKS) initiated with a Buy at MKM Partners. 3. Headwaters (HW) initiated with a Neutral at DA Davidson. 4. Hibbett Sports (HIBB) initiated with a Neutral at MKM Partners. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
ECOM ChannelAdvisor

09/23/16
NEED
09/23/16
NO CHANGE
Target $16
NEED
Buy
ChannelAdvisor assumed with a Buy at Needham
Needham analyst Scott Berg assumed coverage on ChannelAdvisor with a Buy and a $16 price target.
11/16/16
BTIG
11/16/16
INITIATION
BTIG
Neutral
ChannelAdvisor initiated with a Neutral at BTIG
BTIG analyst Abhinav Kapur started ChannelAdvisor with a Neutral rating.
08/03/16
FANA
08/03/16
NO CHANGE
FANA
Overweight
Wal-Mart deal for Jet would be favorable for ChannelAdvisor, says First Analysis
First Analysis analyst Craig Nankervis noted the Wall Street Journal report of Wal-Mart's (WMT) talks to buy online marketplace Jet.com, saying it would be a favorable development for ChannelAdvisor (ECOM) if such a deal gets struck. A deal for Jet would likely be incrementally attractive to sellers considering Wal-Mart's marketplace and should drive new sellers to ChannelAdvisor seeking help to sell on Walmart.com, Nankervis tells investors. The firm has an Overweight ration on ChannelAdvisor shares.
DATA Tableau
$52.74

-0.84 (-1.57%)

02/03/17
JMPS
02/03/17
NO CHANGE
Target $65
JMPS
Outperform
Tableau price target raised to $65 from $58 at JMP Securities
JMP Securities analyst Greg McDowell noted that Tableau Software's Q4 earnings beat was driven by accelerating license growth, showing its enterprise momentum continuing. The company's "ambitious vision" focuses on business analytics, which is one of the largest areas of spending in enterprise IT, noted McDowell, who reiterated his Outperform rating on Tableau shares and raised his price target on the stock to $65 from $58 to account for his increased revenue forecast.
02/28/17
BARD
02/28/17
DOWNGRADE
Target $57
BARD
Neutral
Tableau assumed with a Neutral at Baird
Baird analyst Rob Oliver assumed coverage on Tableau with Neutral and $57 price target.
01/26/17
BARD
01/26/17
NO CHANGE
Target $55
BARD
Outperform
Tableau level a good entry point for long-term investors, says Baird
Baird analyst Jason Velkavrh believes the current Tableau share price is a good entry point for long-term investors. He said the company is in the process of addressing its two most important issues by improving Enterprise go-to-market and improving its product offering to include important Enterprise features. The changes may lead to volatility over the next few quarters, but with low expectations and its valuation near all-time lows, it provides a good entry point, said Velkavrh, who reiterated his Outperform rating and $55 price target on Tableau shares.
CTXS Citrix
$78.95

-1.21 (-1.51%)

12/15/16
SBSH
12/15/16
NO CHANGE
Target $116
SBSH
Buy
Citi positive on core Citrix growth, ups target to $116
Citi analyst Walter Pritchard raised his price target for Citrix Systems to $116 from $113 and keeps a Buy rating on the shares. The analyst came away with "largely positive conclusions" after analyzing the company's core growth given the imminent separation of GetGo. Pritchard believes Citrix's growth potential is being underappreciated by investors.
02/28/17
BARD
02/28/17
DOWNGRADE
Target $85
BARD
Neutral
Citrix assumed with Neutral at Baird
Baird analyst Rob Oliver assumed coverage on Citrix with a Neutral and $85 price target.
12/08/16
BARD
12/08/16
INITIATION
Target $108
BARD
Neutral
LogMeln initiated with a Neutral at Baird
Baird analyst William Power initiated LogMeIn (LOGM) with a Neutral rating and $108 price target. Power acknowledged its attractive free cash flow but sees valuation and integration risk with its acquisition of Citrix's (CTXS) GoTo division.
01/10/17
WELS
01/10/17
INITIATION
WELS
Market Perform
Citrix initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Philip Winslow started Citrix Systems with a Market Perform rating and $100-$105 price target range.
GRPN Groupon
$4.23

-0.26 (-5.79%)

02/26/17
PIPR
02/26/17
NO CHANGE
Target $6.5
PIPR
Overweight
Piper believes Groupon turnaround deserves 'much higher valuation'
Piper Jaffray analyst Samuel Kemp continues to recommend shares of Groupon despite the post-Q4 earnings run-up. The company's turnaround is beginning to show "sustainable" gross profit, EBITDA and free cash flow growth, which warrants a "much higher valuation for shares," Kemp tells investors in a weekend research note. He reiterates an Overweight rating on Groupon with a $6.50 price target. The local commerce marketplace operator closed Friday up 5c to $4.47.
02/16/17
02/16/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Regeneron (REGN) downgraded to Neutral from Buy at Goldman by analyst Terence Flynn, citing valuation with the stock within 9% of his unchanged $417 price target. The analyst sees less upside potential relative to Regeneron's large-cap peers Amgen (AMGN) and Alexion (ALXN), he said. 2. GoDaddy (GDDY) downgraded to Hold from Buy at Summit Redstone by analyst Jonathan Kees, who notes that management brought down growth expectations for its three segments. Kees believes the integration of HEG may be long as personnel need to be trained on GoDaddy products, sales, and service before market expansion begins and believes shares could pullback similar to Web.com (WEB) and Endurance (EIGI) as they went through their acquisitions. 3. Wells Fargo (WFC) downgraded to Neutral at Credit Suisse by analyst Susan Roth Katzke, citing valuation. 4. Angie's List (ANGI) downgraded to Sell from Neutral at Roth Capital by analyst Darren Aftahi, who lowered his price target for the shares to $4.75 from $6.50 following the company's Q4 results. 5. Groupon (GRPN) downgraded to Neutral from Outperform at Wedbush by analyst Aaron Turner, saying shares have achieved his $4.50 price target. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/16/17
WEDB
02/16/17
DOWNGRADE
Target $4.5
WEDB
Neutral
Groupon downgraded to Neutral from Outperform at Wedbush
Wedbush analyst Aaron Turner downgraded Groupon to Neutral following the solid quarter saying shares have achieved his $4.50 price target.
02/15/17
PIPR
02/15/17
NO CHANGE
Target $6.5
PIPR
Overweight
Piper would own Groupon despite today's 20% rally
Piper Jaffray analyst Samuel Kemp says he'd own shares of Groupon following the company's Q4 results, even with today's 20% post-earnings rally. Groupon's "leaner-and-meaner business is demonstrating its renewed direction," the analyst tells investors in a research note. He sees a "clear path" to EBITDA upside in 2018 and reiterates an Overweight rating on the shares with a $6.50 price target.
CYBR CyberArk
$50.58

-0.02 (-0.04%)

02/14/17
STFL
02/14/17
INITIATION
Target $62
STFL
Buy
CyberArk initiated with a Buy at Stifel
Stifel analyst Gur Talpaz initiated CyberArk with a Buy and a $62 price target saying it is unique among the public security software sector given its solutions are focused on limiting the capacity for bad human actors to gain control of mission critical sources. Talpaz believes IT will move towards a model of zero trust and sees CyberArk as the enabler of this push.
02/13/17
STFL
02/13/17
INITIATION
STFL
Buy
CyberArk initiated with a Buy at Stifel
02/10/17
PIPR
02/10/17
NO CHANGE
Target $63
PIPR
Overweight
CyberArk guidance likely conservative, says Piper Jaffray
Piper Jaffray analyst Andrew Nowinski says shares of CyberArk traded down last night after its 2017 operating margin guidance missed Street expectations. The guidance, however, is likely conservative and management could follow last year's playbook and raise it each quarter, Nowinski tells investors in a post-earnings research note. He raised his price target for CyberArk shares to $63 from $60 and reiterates an Overweight rating on the name.
02/14/17
02/14/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. CyberArk (CYBR) initiated with a Buy rating and a $62 price target at Stifel, with analyst Gur Talpaz saying it is unique among the public security software sector given its solutions are focused on limiting the capacity for bad human actors to gain control of mission critical sources... 2. Hostess Brands (TWNK) initiated by CL King analyst Michael Gallo with a Strong Buy rating and a $20 price target... 3. CardConnect (CCN) initiated with a Buy rating by Craig-Hallum analyst Bradley Berning... 4. Middleby (MIDD) initiated with an Overweight at KeyBanc... 5. Keane Group (FRAC) initiated with an Overweight at Morgan Stanley, with an Overweight at Piper Jaffray, with an Outperform at Wells Fargo, with an Overweight at JPMorgan, with a Neutral at BofA Merrill Lynch and with a Sector Perform at Scotia Howard Weil. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
PFPT Proofpoint
$78.77

-0.58 (-0.73%)

01/30/17
IMPC
01/30/17
NO CHANGE
Target $100
IMPC
Outperform
Proofpoint price target raised to $100 from $85 at Imperial Capital
Imperial Capital analyst Michael Kim raised his price target for Proofpoint to $100 after upping his estimates to reflect "strong" bookings following the company's Q4 results. Kim keeps an Outperform rating on the shares.
01/27/17
WEDB
01/27/17
NO CHANGE
WEDB
Proofpoint should be bought on any weakness, says Wedbush
Wedbush analyst Steve Koenig says that Proofpoint reported "solid" results and has "sustained momentum." He thinks that the market for the company's products is growing, while its market share is also rising. The analyst recommends buying the stock on any weakness and reiterates an Outperform rating.
01/27/17
BARD
01/27/17
NO CHANGE
Target $92
BARD
Outperform
Proofpoint weakness a buying opportunity, says Baird
Baird analyst Jayson Noland sees potential weakness at the open for Proofpoint shares after its earnings report, but would view the weakness as a buying opportunity. The analyst noted the company reported strong Q4 results and raised guidance and believes the company remains well positioned to grow market share with a product portfolio that benefits from public cloud adoption. Noland reiterated his Outperform rating and $92 price target on Proofpoint shares.
01/27/17
RBCM
01/27/17
NO CHANGE
RBCM
Proofpoint reported 'impressive' results, says RBC Capital
RBC Capital analyst Matthew Hedberg, noting that Proofpoint's billings revenue growth accelerated and remains above 40%, called the company's results "impressive." He believes that the company's free cash flow margin of 30.3% was "impressive." The analyst raised his price target on the shares to $92 from $85 and keeps an Outperform rating on the stock.
WDAY Workday
$82.93

-7.26 (-8.05%)

02/28/17
ADAM
02/28/17
NO CHANGE
Target $105
ADAM
Buy
Workday price target raised to $105 from $90 at Canaccord
Canaccord analyst Richard Davis raised his price target on Workday to $105 from $90. He noted the company will not provide billings guidance as it adopted a new accounting rule a year early and the rule along with increasing seasonality of the business makes the metric less reliable. Davis said his checks lead him to believe the company is very likely to close enough deals to propel the firm's revenue toward 30% over the next two years. Davis reiterated his Buy rating on Workday shares.
02/28/17
UBSW
02/28/17
NO CHANGE
Target $103
UBSW
Buy
Workday price target raised to $103 from $94 at UBS
UBS analyst John Byun raised his price target on Workday to $103 from $94 following strong Q4 results. The analyst cited the surprise early adoption of the new revenue accounting rule which he said is a big strategic move against the competition and should increase conversations with potential CFO buyers. Byun noted workday remains one of the fastest growing SaaS/Cloud companies and sees its financial management products gaining more traction each quarter. Byun reiterated his Buy rating on Workday shares.
02/28/17
02/28/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Workday (WDAY) downgraded to Sell from Neutral at Citi and to Hold from Buy at Evercore ISI. 2. Exelixis (EXEL) downgraded to Hold from Buy at Stifel with analyst Stephen Willey citing valuation. 3. Teva (TEVA) downgraded to Hold from Buy at Argus. 4. Cabot Oil & Gas (COG) downgraded to Market Perform from Outperform at Bernstein. 5. HP Enterprise (HPE) downgraded to Hold from Buy at Argus. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/28/17
OPCO
02/28/17
NO CHANGE
Target $95
OPCO
Outperform
Workday price target raised to $95 from $88 at Oppenheimer
Oppenheimer analyst Brian Schwartz raised his price target for Workday to $95 from $88, citing the company's "solid 4Q results" and an improved financial outlook. The analyst reiterates an Outperform rating on the shares.
ULTI Ultimate Software
$193.39

-5.78 (-2.90%)

02/06/17
FBCO
02/06/17
NO CHANGE
Target $260
FBCO
Outperform
ADP results perceived as a negative read-across for Ultimate, says Credit Suisse
Credit Suisse analyst Michael Nemeroff notes ADP (ADP) reported Q2 results with total revenue below consensus, lowered new business bookings forecast to be roughly flat and guided down full-year revenue growth. The analyst believes some investors could perceive "incorrectly" these results as a negative read-across for Ultimate Software (ULTI). Nemeroff sees limited risk to the latter's preliminary recurring growth guidance and believes any potential regulatory changes should have little impact on the company hitting future sales growth. Nemeroff views the recent weakness in Ultimate Software's shares as a unique buying opportunity, and reiterates an Outperform rating and $260 price target on the stock.
02/08/17
ADAM
02/08/17
NO CHANGE
Target $240
ADAM
Buy
Ultimate Software weakness a buying opportunity, says Canaccord
Canaccord analyst David Hynes said the headline results for Ultimate Software were mixed, but they masked the fact the company's underlying bookings momentum continues full speed ahead. The analyst said he heard nothing from management that shook his conviction in the health of the business and so recommends investors add to positions on pullbacks. Hynes reiterated his Buy rating and $240 price target on Ultimate Software shares.
01/04/17
PIPR
01/04/17
NO CHANGE
PIPR
Piper lays out top Technology picks for 2017
Piper Jaffray analyst Troy Jensen laid out his top Technology picks for 2017. He highlights stocks within the Security, Optical and Enterprise Software sectors as top picks. Jensen's top large-cap picks in Security are Symantec (SYMC) and Palo Alto Networks (PANW). His top small-cap Security pick is Proofpoint (PFPT). In Optics, the analyst's top picks are Ciena (CIEN), Finisar (FNSR) and Lumentum (LITE). In Enterprise, Jensen likes Salesforce (CRM), Ultimate Software (ULTI) and HubSpot (HUBS).
AMBR Amber Road
$7.54

-0.21 (-2.71%)

08/05/16
ADAM
08/05/16
NO CHANGE
Target $11
ADAM
Buy
Amber Road price target raised to $11 from $6 at Canaccord
Canaccord raised its price target on Amber Road to $11 form $6 citing an uptick in bookings activity, cost control efforts, and a belief that a reacceleration in growth is on the horizon. Canaccord reiterated its Buy rating on Amber Road shares.
VEEV Veeva
$43.69

-0.45 (-1.02%)

01/05/17
01/05/17
NO CHANGE

Pacific Crest names top cloud stocks for 2017
Pacific Crest analyst Brent Bracelin remains upbeat on cloud application pure plays, citing his belief that public cloud spending is poised to triple by 2020. He identifies the following cloud application software stocks as having the best risk/reward ratio and the best chances of success: Microsoft (MSFT), Adobe (ADBE), Salesforce (CRM), Veeva (VEEV), Ellie Mae (ELLI), Twilio (TWLO), and HubSpot (HUBS).
01/12/17
EVER
01/12/17
DOWNGRADE
Target $47
EVER
Hold
Veeva downgraded to Hold from Buy at Evercore ISI
Evercore ISI analyst Kirk Materne downgraded Veeva to Hold citing balanced risk/reward after rallying 41% in 2016 and maintained its $47 price target.
12/16/16
PACS
12/16/16
NO CHANGE
PACS
Veeva 'appears to be firing on all cylinders,' says Pacific Crest
After meeting with Veeva's CFO, Pacific Crest analyst Brent Bracelin is more confident that the company's new products have left it poised for "a stellar 2017." He thinks the company appears to be firing on all cylinders and says that the company has better prospects than the other 12 software companies with whom he met.

TODAY'S FREE FLY STORIES

MSADY

MS&AD Insurance

$17.08

-0.085 (-0.50%)

19:07
08/23/17
08/23
19:07
08/23/17
19:07
Hot Stocks
MS&AD Insurance to acquire First Capital Insurance in $1.6B deal »

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AMGN

Amgen

$169.00

-1.07 (-0.63%)

18:46
08/23/17
08/23
18:46
08/23/17
18:46
Hot Stocks
Amgen: Lancet Oncology publishes survival analysis from KYPROLIS Phase 3 trial »

Amgen announced that…

03/08/13
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  • 08

    Sep

  • 11

    Sep

  • 14

    Sep

  • 02

    Dec

  • 03

    Feb

  • 17

    May

GE

General Electric

$24.39

-0.21 (-0.85%)

, ABB

ABB

$23.13

-0.01 (-0.04%)

18:39
08/23/17
08/23
18:39
08/23/17
18:39
Periodicals
GE resumes talks with ABB over industrial solutions deal, Reuters reports »

General Electric (GE) has…

GE

General Electric

$24.39

-0.21 (-0.85%)

ABB

ABB

$23.13

-0.01 (-0.04%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 05

    Sep

  • 11

    Sep

  • 02

    Oct

LZB

La-Z-Boy

$24.95

-6.3 (-20.16%)

, AMZN

Amazon.com

$958.00

-8.9 (-0.92%)

18:17
08/23/17
08/23
18:17
08/23/17
18:17
Periodicals
La-Z-Boy in talks with Amazon over youth shopper outreach, MarketWatch reports »

La-Z-Boy (LZB) is in…

LZB

La-Z-Boy

$24.95

-6.3 (-20.16%)

AMZN

Amazon.com

$958.00

-8.9 (-0.92%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 23

    Aug

  • 23

    Aug

  • 24

    Aug

  • 29

    Aug

VLKAY

Volkswagen

$30.67

0.19 (0.62%)

18:14
08/23/17
08/23
18:14
08/23/17
18:14
Periodicals
VW to launch two-tone compact SUV, Bloomberg says »

Volkswagen plans to…

03/08/13
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03/06/13
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03/06/13
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F

Ford

$10.71

0.06 (0.56%)

18:01
08/23/17
08/23
18:01
08/23/17
18:01
Hot Stocks
Ford names Jason Luo as chairman, CEO of Ford China »

Ford announced a new…

03/08/13
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03/06/13
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03/06/13
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BA

Boeing

$238.09

-1.66 (-0.69%)

, LMT

Lockheed Martin

$302.84

-1.96 (-0.64%)

17:47
08/23/17
08/23
17:47
08/23/17
17:47
Periodicals
Boeing 'disappointed' company not chosen for cruise missile deal, Bloomberg says »

Lockheed (LMT), Raytheon…

BA

Boeing

$238.09

-1.66 (-0.69%)

LMT

Lockheed Martin

$302.84

-1.96 (-0.64%)

RTN

Raytheon

$178.19

-1.03 (-0.57%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 23

    Aug

HBM

Hudbay Minerals

$8.50

0.2 (2.41%)

17:44
08/23/17
08/23
17:44
08/23/17
17:44
Hot Stocks
Hudbay Minerals acquires 10.76M common shares of Mason Resources »

Hudbay Minerals announced…

03/08/13
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03/06/13
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HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

17:32
08/23/17
08/23
17:32
08/23/17
17:32
Hot Stocks
Breaking Hot Stocks news story on HP Inc. »

HP Inc. sees Q4 PC…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    Aug

  • 29

    Aug

  • 29

    Aug

  • 31

    Aug

  • 01

    Sep

  • 06

    Sep

GES

Guess

$12.48

0.11 (0.89%)

, TLYS

Tilly's

$9.60

0.88 (10.09%)

17:29
08/23/17
08/23
17:29
08/23/17
17:29
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS: Guess…

GES

Guess

$12.48

0.11 (0.89%)

TLYS

Tilly's

$9.60

0.88 (10.09%)

WSM

Williams-Sonoma

$43.40

0.55 (1.28%)

PVH

PVH Corp.

$120.04

-0.28 (-0.23%)

YUME

YuMe

$5.15

0.09 (1.78%)

HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

HEI

Heico

$81.11

-0.95 (-1.16%)

GBT

Global Blood Therapeutics

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 23

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  • 23

    Aug

  • 23

    Aug

  • 24

    Aug

  • 24

    Aug

  • 29

    Aug

  • 29

    Aug

  • 31

    Aug

  • 01

    Sep

  • 06

    Sep

  • 06

    Sep

  • 06

    Sep

  • 07

    Sep

  • 07

    Sep

  • 08

    Sep

  • 11

    Sep

  • 28

    Sep

MATX

Matson

$24.02

0.24 (1.01%)

17:28
08/23/17
08/23
17:28
08/23/17
17:28
Hot Stocks
Matson upgrading its Honolulu terminal »

Matson announced that a…

03/08/13
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03/06/13
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TCMD

Tactile Systems

$33.90

0.78 (2.36%)

17:24
08/23/17
08/23
17:24
08/23/17
17:24
Syndicate
Breaking Syndicate news story on Tactile Systems »

Tactile Systems files to…

03/08/13
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03/06/13
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TCMD

Tactile Systems

$33.90

0.78 (2.36%)

17:23
08/23/17
08/23
17:23
08/23/17
17:23
Syndicate
Breaking Syndicate news story on Tactile Systems »

Tactile Systems files…

03/08/13
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CIVI

Civitas Solutions

$18.30

-0.1 (-0.54%)

17:21
08/23/17
08/23
17:21
08/23/17
17:21
Recommendations
Civitas Solutions analyst commentary  »

Civitas announces…

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LLL

L3 Technologies

$179.28

-1.39 (-0.77%)

17:20
08/23/17
08/23
17:20
08/23/17
17:20
Hot Stocks
L3 Technologies awarded $172.9M government contract modification »

L-3 Communications Vertex…

03/08/13
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BA

Boeing

$238.08

-1.67 (-0.70%)

17:19
08/23/17
08/23
17:19
08/23/17
17:19
Hot Stocks
Boeing awarded $222.5M government contract modification »

The Boeing…

03/08/13
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RTN

Raytheon

$178.19

-1.03 (-0.57%)

17:18
08/23/17
08/23
17:18
08/23/17
17:18
Hot Stocks
Raytheon awarded approximately $900M government contract »

Raytheon Co., Tucson,…

03/08/13
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LMT

Lockheed Martin

$302.84

-1.96 (-0.64%)

17:17
08/23/17
08/23
17:17
08/23/17
17:17
Hot Stocks
Lockheed Martin awarded approximately $900M government contract »

Lockheed Martin Corp.,…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    Aug

HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

, SSNLF

Samsung

$2,020.00

-10 (-0.49%)

17:11
08/23/17
08/23
17:11
08/23/17
17:11
Hot Stocks
HP Inc. sees Samsung deal closing in Q4 »

HP Inc. (HPQ) said it saw…

HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

SSNLF

Samsung

$2,020.00

-10 (-0.49%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 23

    Aug

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    Aug

  • 29

    Aug

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    Aug

  • 01

    Sep

  • 06

    Sep

HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

17:09
08/23/17
08/23
17:09
08/23/17
17:09
Hot Stocks
HP Inc.: Company outgrew PC market unit growth in Q2 »

Says investing in…

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  • 23

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  • 29

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  • 01

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  • 06

    Sep

TDG

TransDigm

$271.82

-3.52 (-1.28%)

17:08
08/23/17
08/23
17:08
08/23/17
17:08
Hot Stocks
TransDigm declares special dividend of $22.00 per share »

TransDigm has authorized…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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ROG

Rogers Corporation

$115.31

-0.67 (-0.58%)

17:01
08/23/17
08/23
17:01
08/23/17
17:01
Hot Stocks
Rogers Corporation director sells 3,500 common shares »

In a regulatory filing,…

03/08/13
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03/06/13
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  • 06

    Sep

  • 08

    Sep

  • 09

    Sep

GES

Guess

$12.48

0.11 (0.89%)

16:59
08/23/17
08/23
16:59
08/23/17
16:59
Hot Stocks
Breaking Hot Stocks news story on Guess »

Guess up 10% to $13.70…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 23

    Aug

  • 28

    Sep

HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

16:56
08/23/17
08/23
16:56
08/23/17
16:56
Hot Stocks
HP Inc. raises FY17 free cash flow view to at least $3B from $2.3B-$2.6B »

Guidance taken from…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 23

    Aug

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    Aug

  • 29

    Aug

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    Aug

  • 01

    Sep

  • 06

    Sep

ASH

Ashland

$61.60

0.14 (0.23%)

16:45
08/23/17
08/23
16:45
08/23/17
16:45
Hot Stocks
Ashland production could be suspended until September after August 10 fire »

Ashland provided an…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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