The company issues bullish guidance on its quarterly top and bottom lines. We’re already raising our long-term price target.
Fundamentally, the story remains very strong and while we may have been conservative with our $144 price target, the stock is up some 28% from our Aug. 13 recommendation.
Traders who were patient with the position can now focus on that 13-week SMA as a trailing stop or even consider the 20-week SMA. Selling at either will still lock in some attractive gains from a low $140s entry.
Hortonworks creates, distributes and supports data management software solutions built on open source technology. It delivers Hadoop technology programs for free, and charges for support, education and professional services.
The recent highs have created resistance in the $20-to-$21 area. The consistent higher lows with the same highs has formed a very tight ascending triangle and there are two approaches to consider for entry.
Talend provides the data agility required for companies to rapidly adopt the latest technology innovations and scale to meet the constantly-evolving demands of modern business.
Our view would be to reduce by 1/3 as our short-term price target is nearly achieved and shares may experience a sell-the-news reaction on the iWatch announcement.
Gigamon has transitioned itself to act as a bridge for companies transitioning to the cloud while maintaining a physical network presence with a focus on security and monitoring traffic and communication.
The Trade Desk is a cloud based advertising platform encompassing multiple avenues for digital ad placement.
Initially built for telecommuters and computer repairers, LogMeIn offers software that permits a user on one computer to remotely and securely access and operate a computer far away. Additionally, the company has evolved to offer new capabilities to its users including Citrix Systems’ GoTo assets.