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Barclays sees beat-and-raise coming for Microsoft, techs

Oct. 07, 2019 1:46 PM ETMSFT, FTNT, MIME, TLND, DTBy: Jason Aycock, SA News Editor22 Comments
  • A number of tech stocks are looking ahead to a strong earnings season, Barclays writes, with Microsoft (MSFT -0.1%) looking like the "cleanest story."
  • The bank's expecting a beat-and-raise from the tech giant, as well as from most of the techs it's highlighting following its recent survey.
  • Dynatrace (DT +0.5%) should also see a positive catalyst via beat-and-raise, as should Talend (TLND +1.8%), Barclays says -- and a recent sell-off in cybersecurity and software focuses attention on companies with good execution including Mimecast (MIME +2.9%) and Fortinet (FTNT +0.9%).
  • “Markets are nervous about growth, but our VAR survey results were solid and the set- up for most of our companies suggests another round of beat and raise numbers," Barclays says.

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