DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Software Sector"


12 mentions found


☆ Business-Software Companies Say Customers Are Pulling Back Amid Economic Concerns
  + stars: | 2022-12-04 | by ( Kathryn Hardison | ) www.wsj.com   time to read: 1 min
Salesforce said its business customers are adopting behaviors typically seen in an economic downturn. Attendees at its 2022 Dreamforce conference in San Francisco. Business-software companies say customers are being more cautious with their spending in response to a challenging economy, adding to the tech industry’s list of concerns. Customers for companies such as Salesforce Inc., Okta Inc. and CrowdStrike Holdings Inc. are taking longer to sign deals, and in some cases slowing their hiring plans as they try to protect their bottom lines, the software providers reported this past week. That trend has created a cloudy outlook for many in the once-booming business-software sector, which benefited from years of demand as customers looked to use the products to trim costs and maintain their businesses during the pandemic.
☆ This 'defensive' software stock could jump 70% going forward, Mizuho predicts
  + stars: | 2022-11-30 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
Investors should consider buying Intuit heading into 2023 as a defensive way of gaining exposure to the software sector, according to Mizuho. Analyst Siti Panigrahi reiterated a buy rating on Intuit after the company reported its latest quarterly results. The analyst said the company is set up to beat expectations next year after de-risking guidance for its Credit Karma and Small Business verticals. The company also lowered its fiscal 2023 guidance. The 2023 guidance for Intuit's Small Business vertical is similarly "achievable," especially as the the business outperformed in the most recent quarter, according to the note.
☆ A tech rebound may be needed for a full market recovery. These are the stocks that could lead
  + stars: | 2022-11-26 | by ( Samantha Subin | ) www.cnbc.com   time to read: +5 min
The S & P 500, meanwhile, is down 15.5% this year, dragged down by the communication services and information technology sectors, along with consumer discretionary. The Nasdaq is up 6% in the fourth quarter, while the S & P 500 has surged 12% in that time. But, some investors think tech's cooperation will be needed for the market to bounce back from this bear market. "[Tech stocks] have to participate, they have to move up to get a big market move," the company's co-chief investment officer said. Tech stocks that could lead Given this backdrop, CNBC Pro searched for stocks in the Nasdaq 100 — which is made up of the 100-largest Composite stocks — that could lead tech out of its rut.
☆ Watch CNBC's full interview with Baird's Will Power and Mighty Capital's SC Moatti
  + stars: | 2022-11-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Baird's Will Power and Mighty Capital's SC MoattiBaird's Will Power and Mighty Capital's SC Moatti join 'TechCheck' to discuss Zoom software changes, understanding differences between cloud service providers and competition within the software sector.
☆ Two takes on the software space with Baird's Will Power and Mighty Capital's SC Moatti
  + stars: | 2022-11-22 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo takes on the software space with Baird's Will Power and Mighty Capital's SC MoattiBaird's Will Power and Mighty Capital's SC Moatti join 'TechCheck' to discuss Zoom software changes, understanding differences between cloud service providers and competition within the software sector.
☆ Baird: The downturn in the software sector has evolved from being centered around rising rates to a question about demand
  + stars: | 2022-11-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBaird: The downturn in the software sector has evolved from being centered around rising rates to a question about demandRob Oliver, senior analyst at Baird, discusses the slump in the "Software as a Service" or cloud sector as customers are cutting back on spending amid growing worries about a recession.
☆ Australia's Nitro Software receives $A430 million takeover bid
  + stars: | 2022-10-28 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com   time to read: 1 min
SYDNEY, Oct 28 (Reuters) - Australian investment firm Potentia Capital Management has increased its offer for Nitro Software Ltd (NTO.AX) to $A1.80 per share, valuing the company at A$430 million, according to a statement on Friday. Potentia said the offer would be its final after an indicative $1.58 per share bid was made in August. The deal is the second in the Australian software sector to be announced this week after K1 Investment Management said on Wednesday it had agreed a near $A500 million to buy ELMO Software. Potentia currently owns 19.8% of Nitro, maker of document software, and its stock was halted on Friday. Reporting by Scott Murdoch in Sydney; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.
☆ You have to be 'choosey' in the software sector, says Gilman Hill's Harrington
  + stars: | 2022-10-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou have to be 'choosey' in the software sector, says Gilman Hill's HarringtonCNBC's Halftime Report Investment Committee discusses where companies will be spending money, stocks the committee is interested in and more.
☆ Canaccord Genuity upgrades Datadog, calls it a top software stock to play the battered sector
  + stars: | 2022-10-20 | by ( Samantha Subin | ) www.cnbc.com   time to read: +1 min
The sell-off in Datadog 's stock creates an attractive buying opportunity for investors looking to take advantage of the crippled software sector, Canaccord Genuity said. Shares of the cloud software company have plummeted nearly 56% this year, with the new price target suggesting shares can jump 39% from Wednesday's close. Among his reasons for liking the stock, Crane cited opportunities from the company's newer and secondary products like its cloud cost management and cloud security offerings. "DDOG can easily demonstrate customer ROI from gaining detailed visibility into cloud usage trends and managing them as needed," he wrote. "If done right, it further cements DDOG's strategic foothold in a customer while also offering attractive upsell potential."
☆ Stocks making the biggest moves midday: Allstate, AT&T, IBM, Tesla and more
  + stars: | 2022-10-20 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +5 min
AT&T – The telecom giant's stock jumped 7% after the company surpassed earnings and revenue estimates for the recent quarter. AT&T's wireless revenue rose 5.6%. Tesla – Shares of electric automaker Tesla fell 6% Thursday, a day after the company reported third-quarter earnings that fell short of Wall Street's expectations for revenue. Freeport McMoRan – Shares of Freeport McMoRan jumped more than 3% after the mining company reported earnings Thursday. The company reported third-quarter earnings per share of $2.36 versus the StreetAccount estimate of $2.19.
☆ Nasdaq profit rises 15% as market rout fuels demand for investment products
  + stars: | 2022-10-19 | by ( ) www.reuters.com   time to read: +2 min
Oct 19 (Reuters) - Nasdaq Inc (NDAQ.O) reported a 15% jump in third-quarter adjusted profit on Wednesday, driven by strong demand for the exchange operator's investment products that helped offset a slowdown in initial public offerings. Register now for FREE unlimited access to Reuters.com RegisterRevenue at the firm's solutions segment, which houses its technology products, jumped 8% to $584 million. Excluding one-time items, Nasdaq earned 68 cents per share in the quarter ended Sept. 30. In line with other major financial firms, Nasdaq has also battled rising costs amid decades-high inflation. The company said it repurchased $633 million in shares of its common stock in the first nine months of the year.
☆ Thoma Bravo to take software firm ForgeRock private in $2.3 bln deal
  + stars: | 2022-10-11 | by ( ) www.reuters.com   time to read: +2 min
Oct 11 (Reuters) - ForgeRock (FORG.N) said on Tuesday it will be acquired by buyout firm Thoma Bravo in an all-cash deal valued at about $2.3 billion, just over a year after the digital identity management company went public. ForgeRock shareholders will receive $23.25 for each share held, which represents a premium of about 53.4% to the stock's last closing price. Register now for FREE unlimited access to Reuters.com RegisterShares of ForgeRock jumped 50% to $22.76 before the bell. San Francisco-based ForgeRock provides identity and access management solutions for consumers, workforce and internet of things devices. Register now for FREE unlimited access to Reuters.com RegisterReporting by Eva Mathews in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
<< prev 1 next >>
Total: 12