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. 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:

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:


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:


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 and download the PDF research report on WDAY at:


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:


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