Salesforce.com To INCREASE Billings and 4 Stock Analyses Moving the Market
Netflix, Inc. (NASDAQ:NFLX) shares are expected to stay under pressure during the near-term after the Q2 earnings report for the company. The firm keeps its Neutral rating but reduces its price target on the stock.
Investing Insights: Wall St. Brief: Apple PLUNGES After Earnings Miss, Netflix FALLS 17%.
Under Armour, Inc. (NYSE:UA): According to UBS, its above Street FY12 forecasts for Under Armor is based on strong orders for new innovative products, which improves ecommerce execution as well as Q4 upside. The firm gives shares a Buy rating and an increased price target of $54, up form $52. 50.
Salesforce.com (NYSE:CRM): Following checks, BMO Capital no longer sees evidence of macro economic problems affecting the company. The firm believes that the company possesses a good chance of raising its billings by nearly 30 percent during the current quarter. The firm keeps its Outperform rating on the stock.
Constant Contact, Inc. (NASDAQ:CTCT) is believed by Oppenheimer to possess attractive valuation after three months of weakness in the stock. The firm predicts that the company will report in-line to slightly stronger Q2 results than expected. The firm keeps its Outperform rating on the stock.
Broadcom Corp. (NASDAQ:BRCM) price target was reduced after its Q2 results due to strong connectivity momentum, healthy revenue guidance, and the benefit of its acquisition of NetLogic. The firm gives the shares an Outperform rating.
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