Tue, Feb. 3, 4:05 PM| Comment!
Mon, Feb. 2, 5:35 PM
Oct. 28, 2014, 4:13 PM| Comment!
Aug. 29, 2014, 1:00 PM
- Low expectations and a high short interest (11.9M shares as of Aug. 15) are proving a good mix for Veeva (VEEV +18.1%) following its FQ2 beat and guidance hike. Several firms have raised their targets.
- Workday (WDAY +5.5%), which sold off yesterday (and took peers down with it) following its FQ2 report, is following Veeva higher. As are Veeva partner Salesforce (CRM +2.1%) and several other cloud software names. NOW +2.9%. CTCT +3.4%. JIVE +2.5%. CSOD +2%. ULTI +1.9%. MKTO +1.9%.
- "We like [Veeva's] momentum with new products, the pace of customer deployments, and view the second-half guidance as likely conservative," says Deutsche (Buy).
- Pac Crest (Outperform) likes the fact Veeva's billings and subscription revenue each rose over 60% Y/Y, and that its large deal activity also grew. It sees a $5B addressable market for life sciences CRM/content management software.
Jul. 30, 2014, 3:58 PM
- Ultimate Software (ULTI +7.4%) beat Q2 estimates on the back of a 26% Y/Y increase in recurring revenue (84% of total revenue). The cloud HR software vendor also disclosed on its CC (transcript) it added three new enterprise clients with 10K or more employees; the largest has 40K.
- Full-year guidance for 23% revenue growth (25% recurring growth) has been reiterated. Q3 guidance for revenue of $127M is roughly in-line with a $127.3M consensus.
- A number of cloud software peers have also rallied. Cloud HR/talent management peers Workday (WDAY +6.5%) and Cornerstone OnDemand (CSOD +5.1%) are among the biggest gainers, but others are also doing quite well. CRM +2.7%. NOW +4.7%. LPSN +5.3%. MKTO +4.1%. CNQR +4.8%. JIVE +3.6%. N +4.2%.
Jul. 29, 2014, 4:12 PM| Comment!
Apr. 29, 2014, 4:28 PM| Comment!
Feb. 4, 2014, 5:37 PM
- Cerner (CERN) expects Q1 revenue of $770M-$810M and EPS of $0.36-$0.37 vs. a consensus of $780.7M and $0.38. 2014 guidance is for revenue of $3.2B-$3.4B and EPS of $1.62-$1.67 vs. a consensus of $3.33B and $1.66. Q1 bookings are expected to total $860M-$930M. Shares +1.3% AH. (Q4 results, PR)
- Nanometrics (NANO) expects Q1 revenue of $48M-$54M and EPS of $0.01-$0.13 vs. a consensus of $50.6M and $0.08. Gross margin is expected to be in a range of 48%-50% (compares with a Q4 level of 48.9%). (Q4 results, PR)
- Ultimate Software (ULTI) expects Q1 revenue of $119M ($96M recurring), above a $117.9M consensus. Full-year guidance is for revenue to grow 23%, roughly in-line with a 22.9% consensus; recurring revenue is expected to grow 25%. (Q4 results, PR)
Feb. 4, 2014, 4:07 PM| Comment!
Feb. 4, 2014, 12:10 AM
Feb. 3, 2014, 5:35 PM
Jan. 30, 2014, 1:16 PM
- Much as consumer Web plays are rising in sympathy with Facebook, enterprise cloud software names are sharply higher after cloud IT service desk software leader ServiceNow (NOW +14.3%) beat Q4 revenue estimates, provided very strong guidance, and reported its deferred revenue/backlog balance rose 59% Y/Y.
- Salesforce (CRM +5.5%), Workday (WDAY +5.4%), NetSuite (N +6.2%), Textura (TXTR +9.8%), Cornerstone OnDemand (CSOD +3.6%), Jive Software (JIVE +3.4%), Ultimate Software (ULTI +3.4%), InContact (SAAS +3.9%), Tangoe (TNGO +3.7%), and LivePerson (LPSN +5.4%) are among the winners.
- Baird has upgraded ServiceNow to Outperform, and several other firms have upped their PTs. Raymond James (Strong Buy) praises ServiceNow's efforts to expand into complementary markets such as HR automation, grow both its packaged and custom app sales, and to keep taking share from on-premise IT service desk vendors such as CA, BMC Software, H-P, and IBM.
- On the CC (transcript), CEO Frank Slootman mentioned ServiceNow's installed base has grown to 2,060 accounts and 400 global 2000 customers. That's up from 1,900 and 360 three months earlier.
- He added 80% of customers are now deploying custom apps, and that 20% of the annual contract value recorded in Q4 involved products other than tradition IT service desk licensing.
Oct. 29, 2013, 4:38 PM
Jul. 30, 2013, 4:39 PM| Comment!
Apr. 30, 2013, 5:13 PM
Mar. 1, 2013, 1:00 PMSurging deferred revenue and healthy free cash flow (over 2x earnings) help Salesforce (CRM +7.8%) make new highs following its FQ4 report. Needham, lifting its PT to $200, is pleased 7 and 8-figure deals rose 50% Y/Y, albeit while admitting bookings growth (28%) benefited from forex and deal timing. On the earnings call, Marc Benioff promised more M&A - "We're going to buy small and big. We're going to be aggressive." - and boasted 3M+ apps have been developed on Heroku and Force.com. WDAY +2.2%. N +2%. MKTG +2.6%. ET +1.8%. ULTI +1.5%. | Comment!
ULTI vs. ETF Alternatives
Ultimate Software Group Inc is a provider of cloud-based human capital management. Its UltiPro software is a comprehensive, easy-to-use solution delivered over the Internet to organizations based in the United States and Canada.
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