Application Software Stocks Under Scanner -- Allscripts Healthcare Solutions, Splunk, Workday, and Fortinet

Sep 06, 2016, 07:45 ET from Chelmsford Park SA

NEW YORK, September 6, 2016 /PRNewswire/ --

Application Software is a consolidated industry involved in enterprise resource planning, customer relationship management, supply chain management, business intelligence, and analytics. StockCallers.com is accessing the following equities today: Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX), Splunk Inc. (NASDAQ: SPLK), Workday Inc. (NYSE: WDAY), and Fortinet Inc. (NASDAQ: FTNT). You can access of our complimentary research reports on these stocks now at:

http://stock-callers.com/registration

Allscripts Healthcare Solutions  

Chicago, Illinois headquartered Allscripts Healthcare Solutions Inc.'s stock finished last Friday's session 0.23% lower at $12.88, with a total volume of 1.27 million shares traded. Shares of the Company, which provides information technology and services to healthcare organizations in the US, Canada, and internationally, are trading below their 50-day moving average by 3.87%. The stock has a Relative Strength Index (RSI) of 40.75.

On August 23rd, 2016, research firm Leerink Partners upgraded the Company's stock rating from 'Market Perform' to 'Outperform', issuing a target price of $17 per share.

On September 1st, 2016, King's College Hospital NHS Foundation Trust announced the launch of the Allscripts Sunrise solution as the foundation for its new health information system. The organization selected the Sunrise platform in late 2015 and completed the deployment of the solution in an unprecedented eight months. King's College Hospital is one of the United Kingdom's largest teaching hospitals. Visit us today and download your complete report on MDRX for free at:

http://stock-callers.com/registration/?symbol=MDRX

Splunk  

On Friday, shares in San Francisco, California headquartered Splunk Inc. ended the session 2.06% higher at $59.39. The stock recorded a trading volume of 1.99 million shares, which was higher than its three months average volume of 1.75 million shares. The Company's shares have gained 0.44% in the previous three months and 0.99% on an YTD basis. The stock is trading 12.46% above its 200-day moving average. Moreover, shares of Splunk, which provides software solutions that enable organizations to gain real-time operational intelligence in the US and internationally, have an RSI of 45.64.

On August 25th, 2016, Splunk reported net loss of $86.60 million, or $(0.65) per share, for the three months ended on July 31st, 2016, compared to net loss of $55.29  million, or $(0.44) per share, in the year ago period. The company's revenue came in at $212.75 million in Q2 2016, surging 43% on y-o-y basis.

On August 26th, 2016, research firm Stifel downgraded the Company's stock rating from 'Buy' to 'Hold'. The complimentary research report on SPLK can be accessed at:

http://stock-callers.com/registration/?symbol=SPLK

Workday  

Pleasanton, California headquartered Workday Inc.'s shares rose 1.24%, closing the session at $88.98. The stock recorded a trading volume of 2.47 million shares, which was above its three months average volume of 1.66 million shares. The Company's shares have gained 8.06% in the last one month, 8.72% over the previous three months, and 11.67% on an YTD basis. The stock is trading 11.33% and 18.65% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Workday, which provides enterprise cloud applications for finance and human resources in the US and internationally, have an RSI of 68.89.

On August 24th, 2016, Workday reported that total revenues were $377.7 million in Q2 2017, an increase of 34% from Q2 FY16. Subscription revenues were $306.2 million, an increase of 37% from the same period last year. The company's net loss per basic and diluted share was $0.55 compared to a net loss per basic and diluted share of $0.37 in Q2 FY16.

On August 25th, 2016, research firm BMO Capital Markets reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $90 a share to $93 a share. Register for free on Stock-Callers.com and download the PDF research report on WDAY at:

http://stock-callers.com/registration/?symbol=WDAY

Fortinet  

Last Friday, Sunnyvale, California headquartered Fortinet Inc.'s stock recorded a trading volume of 1.31 million shares and ended the day 0.52% higher at $36.83. The Company's shares have advanced 8.93% in the last month, 6.45% over the previous three months, and 18.16% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.10% and 16.88%, respectively. Furthermore, shares of Fortinet, which provides cyber security solutions for enterprises, service providers, and government organizations worldwide, have an RSI of 69.43.

On August 18th, 2016, Fortinet announced that the Government of Canada has selected Fortinet to safeguard its IT infrastructure. The Government of Canada created Shared Services Canada with the goal to fundamentally transform how the Government manages its IT infrastructure and part of its charter is to consolidate the IT functions across 103 government departments and agencies.

On August 30th, 2016, research firm Pacific Crest upgraded the Company's stock rating from 'Sector Weight' to 'Overweight'. Get free access to your research report on FTNT at:

http://stock-callers.com/registration/?symbol=FTNT

--

Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY 

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://stock-callers.com/legal-disclaimer/

CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: info@stock-callers.com Phone number: +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA