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German Software Giant SAP's Shares Rally on Solid Quarterly Earnings


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SAP SuccessFactors and SAP company sign on the facade of company headquarters in California
Michael Vi/Dreamstime.com
SAP
late Thursday pre-announced fourth quarter financial results, as the German enterprise software giant continues an aggressive push to shift its business to the cloud.
“In a uniquely challenging environment, 2020 was a record year for cash flow in every single quarter and the full year,” CFO Luka Mucic said in a statement. “Our better-than-anticipated top line performance combined with our quick response on the cost side drove strong operating profit. SAP’s expedited shift to the cloud will drive long-term, sustainable growth while significantly increasing the resiliency and predictability of our business.” ....

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Shopify, ServiceNow, and 5 Other Cloud Stocks, Says Oppenheimer


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Another day, another set of recommendations for how to play the cloud.
Since the start of the year, a number of analysts have weighed in with thoughts on the outlook for the cloud software sector, after the group cranked out fantastic returns in 2020. On Thursday it was Oppenheimer analyst Brian Schwartz’s turn.
In a 116-page report, he laid.
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Another day, another set of recommendations for how to play the cloud.
From ....

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The SolarWinds Hack Was Huge. JPMorgan Is Defending the Stock.


SolarWinds Corp. headquarters in Austin, Texas
Bronte Wittpenn/Bloomberg
Remember the SolarWinds hack? It was revealed just over a month ago that its network had been compromised, allowing the hackers to gain access to the U.S. departments of Treasury and Commerce, among others, and causing
SolarWinds
stock to tumble nearly 40%.
Now, a
JPMorgan
analyst is defending the stock.
And by defending, we don’t mean a dashed-off note trying to explain why it isn’t a big deal when it clearly is. In this case, JPMorgan analyst Sterling Auty and team offered 10 pages not including financials and disclaimers explaining why the stock is “an attractive opportunity for risk tolerant investors.” ....

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Stocks Moving Premarket: GM, Palantir, Twitter, KB Home


Futures on the
S&P 500
was indicated to open 0.25% lower and the
Nasdaq Composite
was poised for a slide of 0.2%.
Although U.S. government spending has been highly supportive of the economy and there could be more stimulus on the way because Democrats control both the House and the Senate, the distributions of vaccines has been behind schedule.
As a result, investors are taking some chips off the table, especially because the market was hot to start the new year. Companies on the major U.S. indexes see a significant portion of revenue from overseas.
Here are some notable movers: ....

Dow Jones Industrial Average , Nasdaq Composite , Computers Consumer Electronics , Applications Software , Motor Vehicles , Passenger Cars , Market Research Public Relations , Public Relations , Advertising Marketing Public Relations , Business Consumer Services , Enterprise Management Software , Knowledge Management Software , Corporate Industrial News , Equity Markets , Commodity Financial Market News , Content Types , Factiva Filters , C Ampe Exclusion Filter , Morning Movers , General Motors , Palantir Technologies , Kb Home , Energy Select Sector Spdr Etf , S Ampp 500 Index , Nasdaq Composite Index , Industrial News ,

Zscaler Stock Rallies as Analysts Pound the Table After Meeting With Management


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At a virtual meeting with analysts, Zscaler gave investors reason to feel renewed enthusiasm for the stock.
Dreamstime
Zscaler
shares traded higher Tuesday just one day after the security software company hosted an apparently well-received virtual meeting with analysts.
The company did not update its financial outlook at the meeting but it gave investors reason to feel renewed enthusiasm for the stock. At least four analysts raised their target prices for Zscaler shares (ticker: ZS) following the meeting.
Credit Suisse analyst Brad Zelnick repeated his Outperform rating, upping his price target to $215 from $175. Zelnick wrote that the meeting gave him “even more conviction around both the size of [the company’s] opportunity and ability to execute against it.” He said the company is well positioned in an area called “zero trust” security architectures, an approach that requires all users ....

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