NEW YORK, November 3, 2016 /PRNewswire/ --
Ahead of today's session, Stock-Callers.com takes note of four Application Software companies, which are: Coupa Software Inc. (NASDAQ: COUP), Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX), Fortinet Inc. (NASDAQ: FTNT), and Cadence Design Systems Inc. (NASDAQ: CDNS). These stocks are part of the Technology sector which was mostly lower in afternoon trade on Wednesday, November 02, 2016, with shares of tech companies in the S&P 500 declining about 0.7%. These stocks research reports can be downloaded now by simply registering for free at:
On Wednesday, shares in San Mateo, California headquartered Coupa Software Inc. recorded a trading volume of 259,521 shares. The stock ended the day at $25.11, gaining 0.52%. Shares of the Company, which provides cloud-based spend management platform, are trading below their 50-day moving average by 8.53%.
On October 19th, 2016, Coupa Software announced that Tecnológico de Monterrey, a private, nonsectarian, coeducational university with 30-plus campuses in 25 cities throughout Mexico, has selected the Coupa cloud platform. Tec will use Coupa to modernize the university's spend with digitized processes and Coupa's Open Business Network for fast supplier collaboration and an efficient integration to its enterprise resource planning system.
On October 31st, 2016, research firm RBC Capital Markets initiated an 'Outperform' rating on the Company's stock, issuing a target price of $31 per share. Your complete research report on COUP can be retrieved for free at:
Allscripts Healthcare Solutions
Chicago, Illinois headquartered Allscripts Healthcare Solutions Inc.'s stock finished yesterday's session 0.08% higher at $11.78 and with a total trading volume of 1.88 million shares. 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 8.42%. The stock has an RSI of 29.76.
On October 20th, 2016, Allscripts announced the expansion of its next-generation care management solution, the first to enable providers to manage patients across post-acute settings. Allscripts, through the acquisition of CarePort, a pioneer in post-acute outcomes management, extended its breadth as the largest connected acute and post-acute provider network in the industry.
On October 28th, 2016, research firm JP Morgan resumed its 'Overweight' rating on the Company's stock. MDRX free report is just a click away at:
At the closing bell on Wednesday, Sunnyvale, California headquartered Fortinet Inc.'s stock saw a decline of 2.08%, ending the day at $31.10 with a total trading volume of 1.94 million shares. Shares of the Company, which provides cyber security solutions for enterprises, service providers, and government organizations worldwide, are trading 2.70% below their 200-day moving average. The stock has an RSI of 38.39.
On October 27th, Fortinet reported total revenue of $316.6 million for Q3 2016, an increase of 22% compared to $260.1 million in Q3 2015. Total billings were $347.5 million for Q3 2016, an increase of 16% compared to $299.6 million in Q3 2015. The company reported GAAP net income of $6.3 million for Q3 2016, compared to GAAP net income of $8.2 million for Q3 2015. GAAP diluted net income per share was $0.04 for Q3 2016 compared to GAAP diluted net income per share of $0.05 in Q3 2015.
On October 28th, 2016, research firm Needham reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $41 a share to $36 a share. Sign up for your complimentary research report on FTNT at:
Cadence Design Systems
San Jose, California headquartered Cadence Design Systems Inc.'s stock ended the day 1.59% lower at $24.76. A total volume of 2.76 million shares was traded, which was above their three months average volume of 1.82 million shares. The Company's shares have gained 1.77% over the previous three months and 18.98% on an YTD basis. The stock is trading 4.00% above its 200-day moving average. Additionally, shares of Cadence Design Systems, which develops, sells, leases, and licenses electronic design automation software, emulation and prototyping hardware, verification intellectual property, and design intellectual property for semiconductor and electronics systems industries worldwide, have an RSI of 35.49.
On October 19th, 2016, research firm Credit Suisse initiated a 'Neutral' rating on the Company's stock.
On October 26th, 2016, Cadence Design Systems announced that it has delivered the industry's first comprehensive Tool Confidence Level 1 (TCL1) documentation that is compliant with the automotive ISO 26262 standard. To be deemed compliant, TÜV SÜD, an internationally accredited independent testing and conformity assessment company, completed an evaluation and confirmed the TCL1 predetermination for the Cadence® analog/mixed-signal tool chain and digital front-end design and verification flows. Once complete, more than 30 Cadence EDA tools will contribute to an ISO 26262 compliant development lifecycle, offering the broadest tool support for the automotive industry. Register for free on Stock-Callers.com and download the latest research report on CDNS at:
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