Application Software Stocks under Review -- Oracle, FireEye, salesforce.com, and Adobe Systems
NEW YORK, August 26, 2016 /PRNewswire/ --
Stock-Callers.com's focus today is on these four Application Software equities: Oracle Corp. (NYSE: ORCL), FireEye Inc. (NASDAQ: FEYE), salesforce.com inc. (NYSE: CRM), and Adobe Systems Inc. (NASDAQ: ADBE). These stocks belong in the Technology sector which was quiet ahead of the opening bell on Thursday, August 25, 2016. As per NASDAQ, shares of tech companies in the S&P 500 were unchanged in early trading. Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
Oracle
Redwood City, California headquartered Oracle Corp.'s shares rose 0.07% and finished Thursday's trading session at $41.10. A total volume of 7.57 million shares was traded. In the last month and the previous three months, the stock has advanced 0.42% and 3.26%, respectively. Additionally, the Company's shares have gained 13.81% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 0.93% and 6.13%, respectively. Moreover, shares of Oracle, which develops, manufactures, markets, sells, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide, have a Relative Strength Index (RSI) of 54.44.
On July 28th, 2016, Oracle announced that it has entered into a definitive agreement to acquire NetSuite, the very first cloud company. The transaction is valued at $109.00 per share in cash, or approximately $9.3 billion. The transaction is expected to close in 2016, subject to receiving certain regulatory approvals and satisfying other closing conditions including NetSuite's stockholders tendering a majority of NetSuite's outstanding shares in the tender offer.
On August 08th, 2016, research firm Rosenblatt initiated a 'Buy' rating on the Company's stock, issuing a target price of $48 per share. Sign up and read the free research report on ORCL at:
http://stock-callers.com/registration/?symbol=ORCL
FireEye
On Thursday, shares in Milpitas, California headquartered FireEye Inc. recorded a trading volume of 4.14 million shares, and ended the session 0.13% lower at $14.92. The stock has is trading 6.60% below its 50-day moving average. Shares of the Company, which provides cybersecurity solutions for detecting, preventing, analyzing, and resolving cyber-attacks, have an RSI of 46.15.
On August 4th, 2016, FireEye reported revenue of $175.0 million for Q2 2016, an increase of 19% on y-o-y basis. Billings were $196.4 million, up 10% from Q2 2015. FireEye posted GAAP net loss per share of $0.86 compared to GAAP net loss per share of $0.87 in Q2 2015.
On August 09th, 2016, research firm Imperial Capital downgraded the Company's stock rating from 'Outperform' to 'In-line'. The research firm also revised downwards its previous target price from $25 per share to $15 per share. The complimentary research report on FEYE can be downloaded at:
http://stock-callers.com/registration/?symbol=FEYE
salesforce.com
Shares in San Francisco, California headquartered salesforce.com inc. closed the day at $80.16, climbing 3.01%. The stock recorded a trading volume of 7.49 million shares, which was above its three months average volume of 3.73 million shares. The Company's shares have gained 2.24% on an YTD basis and are trading 5.49% above their 200-day moving average. Additionally, shares of salesforce.com, which provides enterprise cloud computing solutions, with a focus on customer relationship management to various businesses and industries worldwide, have an RSI of 54.65.
As per notes filed with the SEC, on July 30th, 2016, salesforce.com entered into an agreement to acquire Quip, a next-generation productivity platform designed for teams, combining communication and content to enable collaboration within documents or spreadsheets, on phones, tablets, wearables and the desktop. Under the terms of the Merger Agreement, Oracle will issue shares of its common stock in exchange for all of the outstanding shares of Quip capital stock with an aggregate value of approximately $582 million, excluding consideration attributable to Salesforce Ventures' existing investment in Quip. Register for free on Stock-Callers.com and access the latest report on CRM at:
http://stock-callers.com/registration/?symbol=CRM
Adobe Systems
At the closing bell yesterday, shares in San Jose, California headquartered Adobe Systems Inc. ended 0.54% higher at $101.69 with a total trading volume of 1.17 million shares. The stock has advanced 3.84% in the last one month, 2.33% over the previous three months, and 8.25% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 4.23% and 9.49%, respectively. Furthermore, shares of Adobe Systems, which operates as a diversified software company worldwide, have an RSI of 66.65.
On July 26th, 2016, research firm Piper Jaffray initiated an 'Overweight' rating on the Company's stock, issuing a target price of $125 per share. Get free access to your research report on ADBE at:
http://stock-callers.com/registration/?symbol=ADBE
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