Shopify shares traded higher, as KeyBanc Capital analysts raised their price target on the stock. KeyBanc Capital increased its target price on the e-commerce company’s shares to $350 from $300. In a previous report, KeyBanc analyst Josh Beck indicated that concerns about Shopify’s competition from rival e-commerce platform Magento are "overhyped".According to Beck, Shopify can continue to grow, predicting a gain of 2%, even as Magento grows by 9%. Shopify shares climbed more than +3% Monday.

According to Bellini, market expectations on Zoom “have gotten ahead of themselves” vis-a-vis its valuation. However, the analyst increased her 12-month price target on the stock to $66 from $53.That’s because she maintains her “blue sky” scenario outlook on Zoom, expecting the company to surpass Wall Street consensus revenue estimates  for 2020.

Avalara (NYSE: AVLR) is a cloud-based software firm that specializes in tax compliance worldwide.The stock just hit the trend line on June 14 before bouncing sharply higher. The stock could see some resistance in the $75 range as it has attempted to move above that level on three different occasions without success. The Tickeron Trend Prediction Engine generated a bullish signal for Avalara on June 14 and the signal shows a confidence level of 90%.

Cloud-based software company Salesforce.com has decided to acquire big data/visualization software firm Tableau Software for around $15.3 billion, as announced on Monday. As part of the all-stock deal, Tableau shareholders would receive 1.103 shares of Salesforce, which represents an offer of around $177.88 per share - a 42% premium on Tableau’s Friday closing price.In 2018, it bought software maker MuleSoft  for $5.9 billion. The news sent Tableau shares soaring more than +30% Monday.

On Wednesday, Pivotal Software’s latest quarterly results turned several analysts’ cautious on the stock. Generating an adjusted loss of -3 cents a share for the fiscal first quarter, the cloud-oriented software company  fared better compared to analysts’ estimates of -5 cents a share.It is also an improvement  over the -10 cents a share loss of the year-ago quarter.  Pivotal’s first quarter revenue of $185.7 million also beat analysts’ expectation of $184.1 million. However, the company lowered its full-year revenue outlook to a range of $756 million to $767 million, well below analysts’ consensus estimate of $803 million (based on Refinitiv poll). For the fiscal second quarter in particular, Pivotal expects revenue to range between $185 million to $189 million, lagging the average analyst estimate of $198 million, (based on Refinitiv poll). Following the report, analysts Daniel Ives and Strecker Backe of Wedbush Securities called Pivotal’s first quarter results a

Guidewire Software plunged  more than -6%  Wednesday, after posting weaker-than-expected fiscal fourth-quarter guidance. For the latest quarter, the software company reported adjusted earnings of 18 cents per share, beating Wall Street consensus estimates of 8 cents per share.Its revenue of $162.9 million, also came in higher than analysts’ estimates of $155.2 million. However, the company’s fiscal fourth quarter outlook turned out to be much lower than what analysts’ expected.

TiVo Corp TIVO 0.13% shares are trading higher after the company confirmed Tuesday evening it won an International Trade Commission patent case against Comcast Corporation CMCSA.

Uber Technologies Inc. in its first financial report as a public company, posted first-quarter sales near the high end of its previously disclosed preliminary results.The company also reported a US $1.01 billion quarterly loss, among the largest of any public company. Nelson Chai, the chief financial officer, laid out a path for costs to eventually come down.

Uber Technologies Inc UBER 0.22% had a bigger earnings loss than expected, but narrowly beat the Street on revenue in its first-ever earnings report as a public company.

The investment bank also included the stock it to its Conviction Buy list. Praising new content among Activision’s games including "Storm Rising" and Workshop mode for "Overwatch," "Rise of Shadows" and "The Dalaran Heist for Hearthstone", Goldman said that it sees an "inflection" in the game-maker's earnings path.The analysts also pointed at the upcoming releases of Activision’s  "Diablo Immortal" and "Call of Duty Mobile" games as potential tailwinds for the stock.

Autodesk’s revenue from subscription surged +67% to $595.8 million, slightly below the $599.6 million expectation from analysts polled by FactSet. Looking ahead, the company predicts adjusted earnings per share of 59 cents to 63 cents for the second quarter, compared to 62 cents expected by analysts (based on Refinitiv  poll).It projects revenue of $782 million to $792 million for the quarter, while analysts’ forecast $788.5 million. For the full fiscal year, Autodesk expects adjusted earnings of $2.71 to $2.90 per share, on $3.25 billion to $3.30 billion in revenue.

Uber launched its Jump electric bikes in London on Friday, marking a challenge to a number of bike-sharing services already available in the U.K.capital.

InterDigital Wireless Inc disclosed that it is free to license its 5G network technology to Huawei Technologies Co Ltd despite the threat of a U.S. ban on selling chips and software to the form of the Chinese communications. InterDigital and Qualcomm (QCOM) are the two leading American holders of patents for wireless networking technology, including the 5G networks rolling out this year in China. However, last week President Trump issued a sanction on U.S. firms to sell technology to Chinese counterparts though officials say that some of these restrictions are valid for only 90 days. InterDigital generates revenue by developing wireless technologies and then licenses out its patents.It believes it can still strike the 5G deal with Huawei as export control laws are not applicable to patents, which are public records and therefore not confidential technology. The same is the situation with Qualcomm who too generates revenue by licensing out patents which only means that the

Intuit is expected to release its fiscal third-quarter 2019 results on May 23. The business and financial software company's own projection on the quarter's non-GAAP earnings ranges between $5.35 and $5.40 per share.According to Zacks Consensus Estimate, the figure is expected to be $5.41 - reflecting a potential +12.24% year-over-year growth. While Intuit expects year-over-year revenue growth for the quarter to come in the range of +10-12%, the Zacks Consensus Estimate suggests +10.61%. A key factor believed to be bolstering Intuit’s growth is its Quickbooks Online business.

Activision Blizzard (ATVI -5%) is lower today after a weekend article points to some disarray on the company's key Call of Duty franchise.

One of the reasons is Amazon’s investment in the loss making London-based Deliveroo which operates in nearly 500 European and Asian cities. On Friday Deliveroo announced that it has raised $575 million from investors led by Amazon, which is being currently valued at $940 billion.In 2017, payment for cyclists and moped drivers accounted almost 4/5th of Deliveroo’s £277 million sales.

Two days after going public, shares of Uber Technologies Inc. fell nearly 18% and the future didn’t look bright.Rival Lyft (LYFT) had a similar fate after its public offering in March. On the surface, it may not be as dismal as it appears, as both Uber and Lyft have been gaining popularity among riders.

Since its IPO, which was the biggest (expected) market debut this year, shares of San-Francisco based ride hailing platform Uber fell into a downward spiral, dropping as much as 11% to $37.08 in New York.Even the company’s CEO doesn’t expect the situation to get any better in the near future. The drop in shares is an indicator of investors’ doubts about the size of the ride-hailing market as well as Uber’s capability to manage so many segments that it has recently forayed into, like food, package delivery and its push into autonomous vehicles.

Shares of Japanese conglomerate Softbank Group came under pressure in Monday’s trading session in Tokyo following the large losses seen on ride-hailing giant Uber’s debut day last Friday.

Uber Technologies shares lost -7.6% on the day of the ride-hailing company’s public market debut. Compared to Uber’s $45 initial public offering price, the stock opened at a lower, $42 per share price Friday on New York Stock Exchange.It closed its first trading day at $41.57. In August, Uber last raised private capital, from Toyota Motor at a valuation of about $76 billion - from which market valuation fell to $74 billion at 2.38 pm in New York on Friday when the share price dropped -2.7% to $43.85. Morgan Stanley, Goldman Sachs Group, and Bank of America led the listing of Uber shares. Earlier in the day, U.S. stock markets declined on President Donald Trump’s comments that there’s  “no rush" to reach a trade agreement with China.