What's Happening With These Application Software Stocks? -- ForeScout Technologies, Bazaarvoice, Alarm.Com, and Adobe Systems
08 Dec, 2017, 05:20 ET
NEW YORK, Dec. 8, 2017 In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on FSCT, BV, ALRM, and ADBE which is a click away at www.wallstequities.com/registration. Research coverage has been initiated by WallStEquities.com on ForeScout Technologies Inc. (NASDAQ: FSCT), Bazaarvoice Inc. (NASDAQ: BV), Alarm.Com Holdings Inc. (NASDAQ: ALRM), and Adobe Systems Inc. (NASDAQ: ADBE). Application Software companies create, license, and sell software for a variety of uses, including personal and enterprise use. Many of them also sell complementary hardware. See what Wall St. Equities' research desk has to say about these stocks, join our members and enjoy of your free research reports at: www.wallstequities.com/registration
On Thursday, shares in San Jose, California headquartered ForeScout Technologies Inc. climbed 0.35%, ending the day at $22.97. The stock recorded a trading volume of 213,035 shares. Shares of the Company, which provides network security hardware and software products in the US, Europe, Middle-East, Africa, Asia/Pacific, and Japan, are trading below their 50-day moving average by 8.65%.
On November 21st, 2017, research firm KeyBanc Capital Markets initiated an 'Overweight' rating on the Company's stock. Looking for insightful coverage on FSCT sign up for free at: www.wallstequities.com/registration/?symbol=FSCT
Shares in Austin, Texas headquartered Bazaarvoice Inc. ended the day flat at $5.45. A total volume of 1.67 million shares was traded, which was above their three months average volume of 934,060 shares. In the last month and the previous three months, the stock has gained 22.47% and 10.10%, respectively. Additionally, the Company's shares have advanced 12.37% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 11.08% and 16.54%, respectively. Furthermore, shares of Bazaarvoice, which provides marketing tools to retailer and brand clients for understanding consumer voice, have an RSI of 69.69.
On November 27th, 2017, Bazaarvoice announced that it has entered into a definitive agreement to be acquired by entities affiliated with the global investment firm, Marlin Equity Partners ("Marlin"). Under the terms of the agreement, Marlin will acquire each share of outstanding common stock of Bazaarvoice in exchange for $5.50 in cash, for a total value of approximately $521 million. The transaction is expected to close in the first quarter of calendar 2018.
On November 28th, 2017, research firm Needham downgraded the Company's stock rating from 'Buy' to 'Hold'. Today's complimentary research report on BV is accessible at: www.wallstequities.com/registration/?symbol=BV
At the close of trading on Thursday, shares in Tysons, Virginia headquartered Alarm.Com Holdings Inc. finished 0.53% higher at $37.75. A total volume of 1.45 million shares was traded, which was above their three months average volume of 486,520 shares. The stock has advanced 35.64% on an YTD basis. The Company's shares are trading below their 200-day moving average by 1.45%. Additionally, shares of Alarm.Com, which provides cloud-based software platform solutions for the smart homes and businesses in the US and internationally, have an RSI of 28.47.
On November 09th, 2017, research firm Stifel reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $34 a share to $38 a share. Register now for your free research document on ALRM at: www.wallstequities.com/registration/?symbol=ALRM
San Jose, California headquartered Adobe Systems Inc.'s shares recorded a trading volume of 2.44 million shares at the end of yesterday's session. The stock closed the day 0.63% higher at $174.61. The Company's shares have advanced 12.41% in the previous three months and 69.61% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.95% and 18.80%, respectively. Additionally, shares of Adobe Systems, which operates as a diversified software company worldwide, have an RSI of 49.04.
On November 22nd, 2017, research firm KeyBanc Capital Markets reiterated its 'Overweight' rating on the Company's stock with an increase of the target price from $178 a share to $216 a share.
On December 06th, 2017, Adobe Systems announced the appointment of Scott Belsky as Chief Product Officer and Executive Vice President - Creative Cloud. In this new role, Mr. Belsky will lead product management and engineering for Adobe Creative Cloud products and services, Adobe Spark, and Behance. In addition, he will oversee the Adobe Design team, which focuses on experience design across Company products. Click on the link below and see our free report ADBE at: www.wallstequities.com/registration/?symbol=ADBE
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