Shares of McAfee jumped on Friday, following reports of the software security maker’s talks to sell itself to a consortium of private equity firms for more than $10 billion. Bloomberg reported that the company is nearing a deal with private equity firm Advent International, citing people familiar with the matter. According to the report, Permira Crosspoint Capital Partners is also involved in...

HubSpot shares got a price target boost from Bank of America to $900 from $880. The bank maintained its buy rating. BofA analyst Brad Sills is optimistic that HubSpot will report a solid upside to the bank’s estimate of the company's third-quarter revenue and billings growth. The third-quarter earnings report is expected Nov. 4. “We recently completed calls with numerous key ad agency...

Zoom Video Communications shares climbed higher Friday, after Five9 shareholders voted to reject its $14.7 billion takeover bid. The ongoing decrease in Zoom's share price made the all-stock proposed deal less appealing to Five9 shareholders. The deal implied a bid price of $200.28 in early July, but $144.70 when the vote took place last night. Also, Five9 investors were advised to reject the...

Paychex posted its fiscal first quarter earnings and revenue that surpassed analysts' expectations. The human resource and payroll services company’s earnings per share rose +41% from the year-ago quarter to $0.89, well above the $0.80 per share expected by analysts polled by Investing.com. Revenue grew +16% from the year-ago quarter to $1.08 billion, vs. $1.04 billion expected by analysts...

Salesforce.com raised its 2022 revenue guidance, ahead of its annual investor day conference. The cloud company now expects revenues for its 2022 fiscal year in the range of $26.25 billion to $26.356 billion, a modest boost to the August forecasts. For 2023, Salesforce has projected revenue in the range of $31.65 billion to $31.8 billion. It expects a non-GAAP operating margin of around 20%,...

Zoom Video Communications shares rose on Friday, following a report that a shareholder advisory service is recommending Five9 Inc. investors to reject the video-conferencing company's proposed $15 billion acquisition bid. According to a CNBC report, Institutional Shareholder Services will recommend that Five9 shareholders vote against the takeover at a special meeting on September 30. The...

Analysts polled by Refinitiv had expected 82 cents in adjusted earnings per share and $6.66 billion in revenue.

Looking further ahead, Salesforce raised its full fiscal-year 2022 earnings guidance to $4.36 to $4.38 and $26.2 billion to $26.3 billion in revenue.Analysts polled by Refinitiv predicted $3.82 in adjusted earnings per share and $26.01 billion in revenue.

Salesforce revenue forecast includes $530 million from Slack, which is $30 million more than Salesforce had predicted a quarter earlier.

In December, Intuit closed its $3.4 billion acquisition of Credit Karma.

For its fiscal first quarter, Intuit projects revenue growth of approximately 36% to 38%.It expects non-GAAP diluted earnings per share to come in between 94 cents and 99 cents.

For the full fiscal year, Intuit expects revenue of $11.05 billion to $11.2 billion.

Salesforce.com got a price target hike from a JMP analyst. Analyst Patrick Walravens boosted his price target on the cloud-based software company’s shares to $320 a share from $282. Walravens increased his second-quarter revenue estimate to $6.24 billion from $6.23 billion, compared to FactSet consensus of $6.24 billion. The analyst also hiked his earnings expectation to 93 cents a share from...

Lyft reported a narrower second-quarter loss, compared to a year-ago.

The ride-hailing company’s quarterly net loss narrowed to -76 cents a share from -$1.41 a share in the year-earlier quarter.

Revenue more than doubled from the year-ago period to reach $765 million in the quarter.As of June-end, Lyft had 17.1 million active riders, vs. 8.7 million a year earlier.

Last month, Lyft announced a collaboration with Argo AI and Ford to launch at least 1,000 self-driving vehicles in various US cities over the next five years, beginning with Miami and Austin.

Under the agreement, Zoom will  pay $85 million and improve its privacy practices.

In April 2020, a class action lawsuit filed in the U.S. District Court for the Northern District of California alleged that Zoom violated user privacy by sharing personal data with Facebook, LinkedIn and Google .( Zoombombing is a practice of hackers displaying inappropriate content such as pornography, during Zoom meetings).

Under the terms of the lawsuit settlement, subscribers would be entitled to 15% refunds on their subscriptions or $25, whichever is the bigger amount.

Atlassian Corp. posted fourth-quarter results that exceeded analysts’ expectations.

The software company incurred a fiscal fourth-quarter loss of - 85 cents per share, compared with a loss of $- $1.56 per share a year ago.

Adjusted earnings for the quarter came in at 24 cents per share, surpassing analyst estimates of 18 cents per share.

Revenue of  $559.5 million also topped analysts’ expectations of $471.6 million.The figure is also higher than the year-ago quarter’s $430.5 million.

For the first quarter, Atlassian is expecting adjusted earnings between 38 cents and 39 cents per share, compared to analysts’ forecast of  30 cents per share.

Shares of Zoom Video Communications  rose on Monday, after Bank of America made the stock its top pick following its deal to buy Five9.

Analyst Daniel Bartus said that Zoom and Five9 together would be the “strongest UCaaS/CCaaS (unified communications as a service/contact center as a service)  combination” in the market.

"While it is early for enterprises to consider UCaaS and CCaaS together, we believe the trend of bundling is increasing and the long-term value of integrating both technologies is attractive," Bartus noted.

Last week, Zoom announced the purchase of Five9 for just under $15 billion.Under the terms of the deal, investors in Five9 will get 0.55 of a Zoom share for each of their holdings, which represents a 12.8% premium to their Friday closing price and a 23 times multiple to Five9's projected 2022 sales of $650 million.

Shopify  shares climbed Thursday to touch a record high, following optimistic views from analysts.

Stifel’s Scott Devitt raised his price target on the e-commerce company’s shares to $1,600 from $1,400, while maintaining his buy rating.

Devitt mentioned the company’s “proven track record of creating products and services that generate value for merchants”, and said that he expects the ongoing investments to create monetization improvements as the platform continues to scale.The analyst also indicated that the company’s outlook for the second half of the year is crucial on challenging prior year comparisons during reopening.

Susquehanna Financial Group’s John Coffey boosted his price target on Shopify shares to $1,800 from $1,500, while keeping his positive rating.

Financial asset management firm, Capital Group, has bought a 12.2% stake in business intelligence solutions company MicroStrategy, according to a SEC filing.This purchase gives Capital Group 953,242 shares in MicroStrategy.

MicroStrategy has been amassing the cryptocurrency, thanks to its CEO Michael Saylor’s advocacy of the same.

On Thursday, Adobe Inc. reported second quarter earnings that surpassed analysts’ expectations. Revenue also beat estimates, on the back of cloud software business strength. The software company’s adjusted earnings came in at $3.03 a share in the quarter, vs. $2.81 a share expected by analysts polled by FactSet. Revenue rose to $3.84 billion from $3.13 billion in the year-ago quarter...

DocuSign  reported better-than-expected fiscal first quarter results.

The electronic signature solutions company’s first-quarter revenue surged 58% year-over-year to $469.1 million, beating FactSet consensus for $437.6 million.

The company’s adjusted earnings came in at 44 cents a share, compared to FactSet consensus of 28 cents.

Billings rose 54% year-over-year to $527.4 million, surpassing FactSet estimate of $466.7 million.

GAAP gross-profit margin widened 3 percentage points to 78%.

For the fiscal second quarter, DocuSign is expecting revenue in the range of $479 million to $485 million – compared to $474.2 million predicted by analysts polled by FactSet.

For full fiscal year 2022, the company projects revenue in the range of $2.03 billion to $2.04 billion, while FactSet's survey estimates $1.99 billion.

The company projects revenue to be between o $6.22 billion to $6.23 billion, higher than analysts’ estimate of  $6.15 billion.

For the full 2022 fiscal year, Salesforce projects adjusted earnings in the range of $3.79 to $3.81 per share – higher than analysts’ expectation of $3.43 .While Salesforce predicts revenue $25.9 billion to $26.0 billion (22% growth), analysts polled by Refinitiv expect $25.76 billion in revenue.

Shopify shares were rising during pre-market trading, as the company  beat analysts’ earnings expectations.

The e-commerce company’s adjusted net income was $2.01 a share, vs. 74 cents expected by analysts polled by FactSet.Net income came in at $1.26 billion, or $9.94 a share, compared to a year-earlier loss of -$31.4 million, or -27 cents a share.

Revenue rose +110% from the year-ago quarter to $988.6 million, surpassing analysts' consensus estimates of $859 million.

Gross merchandise volume from merchant customers surged +114% year-over-year to $37.3 billion.

IT-solutions company Citrix  got a rating upgrade from a Jefferies analyst, on expectations of the remote work environment.

 Analyst Brent Thill boosted his rating on the shares to buy from hold.Thill also raised his price target on the stock from $150 to $180 – which implies a 30% potential upside from Tuesday's closing price at $138.12.