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Wed, Oct. 26, 5:35 PM
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Thu, Jul. 28, 4:15 PM
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Fri, Jun. 24, 10:34 AM
- After a historic Brexit vote, Brean Capital is looking at software stocks in terms of their exposure to the continent and Britain.
- The vote means near-term volatility for currency rates, Yun Kim notes, that could have an outsize impact on companies with stronger exposure outside America.
- Meanwhile, companies like Intuit (INTU -2.8%) have a stronger U.S. element in their revenue mix. “We note that INTU has the least amount of exposure outside of the U.S. (less than 5% of revenue), with MANH [Manhattan Associates, -3.6%] and CRM [Salesforce.com, -2.9%] having less than 10% exposure in the U.K. based on our estimates,” Yun Kim writes.
- Meanwhile, companies like MicroStrategy (MSTR -3.2%) have 15% exposure to the UK and 30% to Europe; Qlik Technologies (QLIK -1.1%) has 10% exposure to the UK and 49% to Europe, and Varonis Systems (VRNS -5.1%) has 18% exposure to the UK and 35% to Europe.
- Holding Buy ratings from Brean: Salesforce.com (price target of $110, implying 38% upside); Intuit (price target of $130, implying 22.7% upside); Manhattan Associates (price target of $75, implying 17.7% upside); and Varonis (price target of $35, implying 43.6% upside).
Wed, Apr. 27, 5:36 PM
Wed, Apr. 27, 4:27 PM
- MicroStrategy (NASDAQ:MSTR): Q1 EPS of $1.24 misses by $0.66.
- Revenue of $119M (-3.9% Y/Y) misses by $7.1M.
Tue, Apr. 26, 5:35 PM
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Fri, Feb. 5, 3:59 PM
- Add Red Hat (RHT -8.1%), Autodesk (ADSK -6.9%), and Teradata (TDC -8%) to the list of enterprise tech firms nosediving following weak Q1/2016 guidance from business intelligence/data visualization software firm Tableau and professional social networking/online jobs leader LinkedIn. The Nasdaq is down 3.4%, and the S&P 2%, in the wake of this morning's jobs report.
- Other big decliners include Varonis (VRNS -13.4%), Gigamon (GIMO -9.7%), Pegasystems (PEGA -10.3%), SGI (SGI -7.5%), LogMeIn (LOGM -8.6%), inContact (SAAS -10.8%), Attunity (ATTU -14.4%), Textura (TXTR -6.8%), and Tableau rival MicroStrategy (MSTR -6.6%). A slew of other enterprise names were previously covered here - the group includes many cloud software and security tech firms.
- Teradata is just a day removed from rallying in the wake of a Q4 sales beat and healthy 2016 guidance.
Thu, Jan. 28, 9:06 AM
- Hammered in October after missing Q3 sales estimates (while beating on EPS) and reporting a 15% Y/Y product license/subscription services revenue drop, MicroStrategy (NASDAQ:MSTR) is surging today after soundly beating Q4 estimates and reporting license/subscription revenue (drives future product support revenue) rose 20% to $49.1M.
- Product support revenue fell 6% to $70.3M, and other services revenue 28% to $24.2M. Cost cuts continue lifting the business intelligence software firm's EPS: Operating expenses fell 12% Y/Y to $74.2M. Sales/marketing and G&A spend fell, while R&D spend rose.
- MicroStrategy ended Q4 with $485.7M in cash, and no debt.
- MicroStrategy's Q4 results, earnings release
Wed, Jan. 27, 4:12 PM
- MicroStrategy (NASDAQ:MSTR): Q4 EPS of $3.38 may not be comparable to consensus of $2.19.
- Revenue of $143.5M (-3.6% Y/Y) beats by $2.88M.
Tue, Jan. 26, 5:35 PM| Tue, Jan. 26, 5:35 PM | 26 Comments
Oct. 26, 2015, 5:58 PM
- After rising 3% Y/Y in Q2, MicroStrategy's (NASDAQ:MSTR) product license and subscription service revenue (drives future support revenue) fell 15% Y/Y in Q3 to $34.1M. Product support revenue fell 5% to $71.4M, and other services revenue 33% to $24.1M.
- Competition from a long list of business intelligence software vendors - the list includes Microsoft, Oracle, IBM, SAP, Qlik, and Tableau - could be weighing on sales. As might the impact of major job cuts: Operating expenses fell 40% Y/Y to $74.1M, allowing EPS to beat estimates in spite of a revenue miss.
- MicroStrategy ended Q3 with $456.9M in cash (compares with a $1.98B market cap). Shares have fallen to $173.85 after hours.
- Q3 results, PR
Oct. 26, 2015, 5:37 PM
Oct. 26, 2015, 4:11 PM
- MicroStrategy (NASDAQ:MSTR): Q3 EPS of $2.06 beats by $0.10.
- Revenue of $129.54M (-14.3% Y/Y) misses by $8.22M.
Oct. 25, 2015, 5:35 PM