Jefferies attributed some of its caution to the uncertainty that has been steadily increasing for businesses of all sizes since the middle of the March quarter.
In the near term, Macquarie’s Steve Koenig expects Atlassian to beat its more conservative fiscal year 2025 guidance due to the 15-25% price increases on contracts renewing after Feb. 11
TMTG's shares climbed 21.67% on Wednesday after trading in a $16.50-$20.40 range, with the upside accompanied by nearly two times the average volume.
Morgan Stanley analysts said channel checks showed the first-quarter performance was largely in line with expectations but a pushout of deals will likely impact second-quarter performance.
Despite the downward revision, Scotiabank’s new price target implies a 44% upside for Elastic stock compared to its current levels.
TMTG said the ETFs, made available through Crypto.com’s broker-dealer Foris Capital US, will likely comprise digital assets and securities with a Made in America focus spanning diverse industries such...
Macquarie’s Steve Koenig sees multiple upside revenue drivers, including improved net expansions, a pricing model change, and a greater focus on landing new large customers.
Bernstein analysts noted that the current valuation was at the higher end of historical levels and was at a premium to software peers.
Analysts are spotlighting these hedge fund favorites in a “Rising Stars” list of companies poised to outperform their peers.
CFO Brian Robins said the company saw significant demand from its enterprise customers who see GitLab as their trusted DevSecOps partner.