Revenue, however, fell behind estimates. The software and technology company’s non-GAAP net income for the quarter came in at $3 billion, or 90 cents a share – higher than the 89 cents a share that analyst polled by FactSet had estimated. Revenue of $9.61 billion came in lower than analysts’ expectation of $9.65 billion. Oracle CEO Safra Catz  mentioned strengths  in Fusion and NetSuite cloud applications businesses with Fusion [Enterprise Resource Planning] revenues growing 37% and NetSuite ERP revenues growing 29%.According to Catz, ERP segment of its cloud applications business has enabled Oracle to deliver a “double-digit EPS growth rate year after year”; he is sanguine that the company will deliver similar results again this year. For the coming quarter, analysts are expecting net income of $3.2 billion, or 97 cents a share, on sales of $9.8 billion.

CrowdStrike Holdings (Nasdaq: CRWD) is an infrastructure software company that offers security solutions at different levels through its Falcon platform.It jumped from around $60 to over $100 in August, only to fall back below the $50 level in the past few months. From a fundamental perspective, CrowdStrike seems to be running in to the same problem a number of companies that debuted in 2019 have run in to—if you aren't profitable, your stock will pay the price.

Okta got a rating downgrade from analysts at Canaccord Genuity, who think the stock is already fully valued. Canaccord Genuity analysts lowered their rating on the cloud software company’s stock to hold from buy. They also slashed their price target on the stock to $120 from $145. Analyst Richard Davis indicated that Okta is "quite expensive”.The stock has rallied more than +100% from its low in December 2018.  Year to date, it has climbed more than +80%, but is slightly below its summer high of above $140. Nevertheless, Davis still views Okta as the leader by a large margin, while mentioning that competition is tightening a bit. In October, the company revealed various new offerings across security, authentication and more categories.

Twilio got a re-affimed rating from RBC Capital analyst . RBC Capital analyst Alex Zukin reiterated his outperform rating on shares of the cloud communications platform as a service company."In terms of the election, while guidance for next year will include some contribution, if all political campaigns were considered together and all used Twilio (both of which are very aggressive assumptions), it could be a 10% customer," Zukin wrote.  

Its revenue, though increased from the year-ago period, still fell short of expectations. The electronic payment services company’s third-quarter 2019 earnings came in at $2.84 per share, surpassing the Zacks Consensus Estimate by 1.4%.Earnings were +31.5% higher compared to the year-ago quarter. Total revenue increased +10.1% year-over-year to $787 million – but missed the Zacks Consensus Estimate by -4%. EFT Processing Segment saw total revenues surge +21% (+26% in constant currency) year over year.

On Thursday, NetApp shares got a rating downgrade and a price target cut from Goldman Sachs analyst Rod Hall. Hall lowered his rating on the cloud data services company’s stock to sell from buy.Hill indicated in his note that NetApp’s Enterprise License Agreement guidance of 2% of total revenue in FY’20, which is heavily second-half loaded, may be difficult to achieve given that the deals tend to largely involve larger enterprise customers. However, several other analysts might have had a somewhat different view in the recent past, regarding NetApp shares.

Over the next four weeks or so we will get earnings reports from well over half of the companies in the S&P 500.One company that will be reporting is VeriSign (Nasdaq: VRSN), the internet registry and infrastructure firm.

Stoneco (Nasdaq: STNE) debuted on the Nasdaq exchange on October 25, 2018.With the stock coming up on its first anniversary, it just recently hit the lower rail of an upwardly sloped trend channel and it had a bullish signal generated from Tickeron’s Trend Prediction Engine. Looking at the stock’s daily chart over the past year, it has been rather volatile for investors.

Oracle  announced that it would ramp-up hiring to expand footprint in cloud, while Jefferies slashed their price target on the company’s stock. Oracle plans to open around 20 more cloud data centers by the end of next year - a move that's expected to help customers to safely store data for disaster recovery or to comply with local data storage laws.The expansion could be seen as an effort on Oracle’s part to bolster its presence in the near $40 billion market for cloud computing and storage. Oracles’ plans to up the ante on its cloud business will create an additional 2,000 jobs in the company, according to Oracle.

Shares of CrowdStrike climbed on Thursday , following a rating upgrade from SunTrust Robinson Humphrey which cited "fastest growth rate at scale" of all the companies it covers. SunTrust analyst Joel Fishbein increased his rating on the cybersecurity company’s stock to buy from hold. Fishbein kept the price target at $80, which reprsents around 40% upside potential from Wednesday's closing price of $56.63. In his note to clients, Fishbein emphasized on Crowdstrike’s delivery of “differentiated intelligent agent technology”, Threat Graph database using sophisticated  models and behavior analytics and an expansive set of cloud modules that pertains to a wide variety of security use cases.  

Shares of Progress Software shares declined Friday, after the company reported revenue that fell short of estimates. The business applications maker’s third-quarter adjusted earnings came in at 75 cents, higher than  the year-ago quarter's 55 cents. Non-GAAP revenue for the quarter increased +25% to $115.5 million, which is lower than the Street estimate of $111 million. For the fourth quarter, Progress Software has predicted non-GAAP earnings of 73 cents to 75 cents a share on revenue of $116 million to $119 million a share.Analysts had forecasted revenue of $123.2 million. For the full year, Progress Software is expecting non-GAAP earnings to range between $2.63 and $2.65 a share, and revenue to come in between $425 million and $428 million. Chief financial officer Paul Jalbert mentioned that the company expects its $225 million acquisition of Ipswich (completed in May) to bring in substantially all of the $15 million of cost synergies by the end of 2019 - which would be we

Blackberry shares fell Tuesday, after the company reported weaker-than-expected revenue for its fiscal second quarter. The smartphone maker reported a loss of  -10 cents a share for its fiscal second quarter, wider than the year-ago quarter’s -4 cents loss a share. On an adjusted basis, the company had breakeven per-share earnings, compared to -1-cent loss expected by analysts polled by FactSet. Blackberry’s revenue for the quarter increased to $244 million (from $210 million), falling short of the $268 million expected by analysts.  Looking ahead, BlackBerry has predicted  total company non-GAAP revenue growth in the range of 23% to 25% for fiscal 2020, on expected double-digit percentage growth in year-over-year billings.

Tech giant Oracle (NYSE: ORCL) surprised investors earlier this month when it reported earnings a day earlier than expected.All of this information was a lot for investors to digest and in the end, they sold the stock. The stock closed at $56.29 on September 11 and Oracle made the announcements after the closing bell that day.

Additionally, the company  announced that its co-CEO Mark Hurd is taking a medical leave of absence. The news led to a sudden, sharp -5.29% decline in Oracle  shares in after-hours trading Wednesday. The cloud tech/software company’s adjusted earnings for the latest reported quarter came in at 81 cents a share, in line with estimates compiled by FactSet.The earnings per share are higher than the year-ago quarter’s 71 cents a share. Revenue of $9.2 billion, however, was a bit lower than analysts’ expectation of $9.3 billion.

Santa Clara-based Palo Alto Networks (NYSE: PANW) reported earnings on September 4.The overall reaction from investors was a positive one as the stock jumped when it opened for trading on September 5. Looking at the weekly chart for Palo Alto, we see that the stock was trading just above its 104-week (two years of data) moving average and just above a trend line that connects the lows from the last three years.

Crowdstrike reported its fiscal second-quarter loss that was narrower than analysts' estimates, thanks to strength in recurring subscriptions of its cloud-based security systems. The cloud-based cybersecurity company’s non-GAAP net loss came in at - 18 cents a share, which was better than analysts’ forecasted loss of -23 cents  a share (based on FactSet survey of analysts).The loss was also smaller than the year-ago quarterly loss of -69 cents a share. Revenue of $108.1 million was slightly below the $111.1 million expected by analysts. Subscription revenue surged to $97.6 million in the quarter, from the prior year quarter’s $49.2 million. CEO George Kurtz cited customer growth acceleration for CrowdStrike's cloud-native Falcon platform as a major reason behind the improving performance in the quarter. Looking ahead, Crowdstrike expects its full-year fiscal 2020, to incur a non-GAAP net loss of between $93.5 million and $97.9 million, (or between -62 cents and -65 cents a sh

Online payment solution provider Square, Inc (NYSE: SQ) has pulled back over the last four or five weeks and the stock gapped lower after its most recent earnings report.The company beat on both the top and bottom line, but investors were disappointed with the forecast. The stock gapped sharply lower after the earnings report and it continued down for a few weeks after the report.

Box reported fiscal second quarter earnings that surpassed expectations, and the company also boosted its full year revenue guidance.  The cloud content management company’s adjusted earnings per share for the quarter came in at break-even, better than the Street estimates of a loss of -2 cent.The EPS was also higher than the prior year quarter’s  -5 cent loss. Revenue increased +16% from the year-ago quarter to $172.55 million, beating estimates of $169.5 million. Co-founder and CEO Aaron Levie emphasized that Box focused on and delivered more products to customers, and that the company drove strong add-on product attach rates of more than 80% across six-figure deals in Q2. For the full year 2020, Box raised its revenue guidance to a range between $690 million and $692 million, compared to previous range of $688 million to $692 million. The company maintained its full-year adjusted EPS projection of between break-even and +2 cents.

However, the company’s guidance for  the October quarter  fell behind the Street’s estimates. The cloud-based identity and access management company reported a quarterly loss of -5 cents per share, faring better than analysts’ estimate of a loss of -11 cents a share.According to the company,  it had a total of 1,222 customers with annual contract value above $100,000 as of last quarter.

NetApp shares climbed on Monday, after receiving a rating upgrade and a price target hike from Cowen. Analysts at Cowen boosted their rating on the hybrid cloud data services/management company’s stock to market perform from underperform.They indicated that NTAP's leadership in hybrid cloud purpose-built storage systems and data management software should help the company generate low-single digit revenue growth and high-single digit EPS growth through 2020.  They also praised NetApp’s “industry-leading profitability and capital return to shareholders”.