Application Software Stocks Technical Report -- Tableau Software, Shopify, Box, and inContact

Sep 13, 2016, 08:10 ET from Chelmsford Park SA

NEW YORK, September 13, 2016 /PRNewswire/ --

Application Software is a self-contained computer program that performs a specific task for end users. These include database programs, word processors, Wed browsers, and spreadsheets. This morning, takes a closer look at four companies in this space: Tableau Software Inc. (NYSE: DATA), Shopify Inc. (NYSE: SHOP), Box Inc. (NYSE: BOX), and inContact Inc. (NASDAQ: SAAS).  Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

Tableau Software  

Seattle, Washington headquartered Tableau Software Inc.'s stock finished Monday's session at $57.08, which reflected a drop of 0.82%. A total volume of 928,080 shares was traded. Over the last month and the previous three months, the Company's shares have gained 6.23% and 4.97%, respectively. The stock is trading above its 50-day moving average by 3.81%. Moreover, shares of Tableau Software, which provides business analytics software products, have a Relative Strength Index (RSI) of 51.34.

On August 22nd, 2016, Tableau Software announced that it has appointed Adam Selipsky as President and Chief Executive Officer effective September 16th, 2016. Christian Chabot, Tableau's co-founder and current CEO, will continue to serve as chairman of Tableau's board of directors.

On August 25th, 2016, research firm RBC Capital Markets downgraded the Company's stock rating from 'Outperform' to 'Sector Perform', issuing a target price of $65 per share. Visit us today and access our complete research report on DATA at:


Shares in Ottawa, Canada headquartered Shopify Inc. ended yesterday's session 1.44% higher at $41.63 with a total trading volume of 1.03 million shares. The stock has gained 4.31% in the past month, 48.73% in the previous three months, and 61.36% on an YTD basis. The Company's shares are trading 13.53% above their 50-day moving average and 43.88% above their 200-day moving average. Moreover, shares of Shopify, which provides a cloud-based and multi-channel commerce platform for small and medium-sized businesses, have an RSI of 58.21.

On August 18th, 2016, research firm Credit Suisse resumed its 'Outperform' rating on the Company's stock.

On August 22nd, 2016, Shopify announced that it has completed its previously announced offering of 8,625,000 Class A subordinate voting shares, which includes the full exercise of the over-allotment option of 1,125,000 Class A subordinate voting shares, at a price of US$38.25 per share. An aggregate of 6,125,000 Class A subordinate voting shares, which includes the Class A subordinate voting shares issued on exercise of the over-allotment option, were sold by Shopify for aggregate gross proceeds of US$234,281,250. The complimentary report on SHOP can be downloaded at:

Box Inc. 

On Monday, Redwood City, California headquartered Box Inc.'s stock jumped 4.61%, to close the day at $14.30. A total volume of 3.37 million shares was traded, which was above their three months average volume of 972,040 shares. The Company's shares have advanced 15.04% in the last one month, 27.91% in the previous three months, and 2.44% on an YTD basis. The stock is trading 19.32% above its 50-day moving average and 18.94% above its 200-day moving average. Additionally, shares of Box, which provides cloud-based mobile optimized enterprise content collaboration platform that enables organizations of various sizes to manage their enterprise content from anywhere, have an RSI of 68.75.

On September 07th, 2016, Box announced a partnership with Google. The companies will collaborate on several initiatives to transform work in the cloud, including new integrations between Box, Google Docs and Google Springboard, to deliver a seamless experience for working and collaborating on content in the cloud. Register for free on and access the latest research report on BOX at:


Shares in Salt Lake City, Utah headquartered inContact Inc. ended the day flat at $13.93. A total volume of 543,413 shares was traded. The stock has gained 0.51% in the last one month, 0.80% in the previous three months, and 46.02% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 0.50% and 26.41%, respectively. Furthermore, shares of inContact, which provides cloud contact center software solutions, and network connectivity services in the US, have an RSI of 58.14.

On August 23rd, 2016, Sonus Networks, Inc. and inContact announced that inContact has selected the Sonus SBC 7000 Session Border Controller (SBC) to handle the growing amount of voice traffic across its global cloud network. With the SBC 7000's market-leading scale, inContact is able to break the traditional stacking methodology of small capacity SBCs and scale up to 150,000 sessions via simple software licenses, increasing time-to-market while reducing operating expenses. Get free access to your research report on SAAS at:


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