Avaya Holdings is reportedly considering a leveraged buyout offer from a private equity firm. Citing anonymous sources familiar with the matter, a Reuters report suggests that the telecommunications equipment and software vendor is being valued at more than $5 billion (including debt) by the private equity company.However, the identity of the potential acquirer has not been learned by Reuters yet, and the sources claimed that there is no guarantee that the proposed offer would actually translate into an actual acquisition. Avaya emerged from bankruptcy protection around 15 months ago.

Zuora shares slumped -12.9% during pre-market Friday, after the company reported weaker-than-expected guidance on first fiscal quarter revenue. The company, which provides enterprise software for businesses to manage subscription-based billings, has predicted revenue of $65 million to $66 million for its first fiscal  quarter, falling short of Wall Street expectation of $66 million. Zuora expects to incur a loss of -12 cents to -13 cents a share for the quarter, which is in line with what analysts are expecting. Zuora’s expectation for the full fiscal-year revenue ranges between $293 million and $297.5 million, compared to the Street forecast of $294.2 million.The company’s projection of -40 cents to -44 cents loss a share for the year matches analysts’ expectations. The company’s actual results for the fourth quarter were more favourable, with its adjusted loss of -11 cents a share meeting analysts’ estimates, and its revenue of $64.1 million exceeding expectations of $6

Games publishing giant Activision is set to bring its most popular first-person shooter franchise, ‘Call of Duty,’ to Android and iOS.The company used Unity’s GDC keynote on March 18 to announce this move now set for worldwide availability. The game, titled ‘Call of Duty: Mobile’ is a free-to-play multiplayer title developed by Chinese tech giant Tencent’s Timi division.

Its projection for the second quarter, however, falls short of analysts' expectations. For the three months ended March 1, Adobe reported earnings of $1.71 per share, exceeding analysts’ estimates of $1.62 per share (based on FactSet poll of analysts).The computer software company’s revenue for the quarter came in at a record-high $2.6 billion, topping analysts’ expectations of $2.55 billion . President and CEO Shantanu Narayen mentioned strong momentum in Adobe’s Creative Cloud, Document Cloud and Experience Cloud businesses as significant contributors to Q1 results. However, Adobe’s guidance for the current quarter (ending June) fell below analysts’ forecasts.

Software firm Splunk Inc. (Nasdaq: SPLK) has rallied sharply after hitting a low in November.The company saw earnings grow by 41% in its most recent quarterly report while sales were up by 35%.

The analysts set a $20 price target on the cyber-security company’s shares. Analyst Sterling Auty cited FireEye’s “market leading incident response service with an expanding product portfolio" as factors behind the rating upgrade.Additionally, Auty emphasized that FireEye’s strong expense control as a contributor to operating leverage should be a tailwind for the company whose stock  is currently trading under 4x EV/Sales. FireEye shares climbed +3.4% in pre-market trading Monday.

Salesforce beat the fiscal fourth quarter earnings estimates, but fell shy of expectations on guidance for the next quarter. At 70 cents per share for the three months ending January, the cloud computing/software company’s adjusted earnings overshot analysts’ expectation of 55 cents per share (based on Refinitiv data).Subscription and support revenues also climbed +26% year-over-year to $3.38 billion in the quarter. Despite the better-than-expected results for the latest quarter, what probably led to Salesforce shares slumping during Monday’s extended trading was its forecast of 60 cents to 61 cents earnings-per-share on a revenue range of $3.67 billion to $3.68 for the fiscal first quarter – figures that are lower than the 63 cents earnings per share on $3.70 billion revenue that analysts had anticipated ((based on Refinitiv data). Nevertheless, the company’s guidance for the full fiscal year 2020 is in line with analysts’ expectations.

For the three months ending January 31, Splunk reported adjusted earnings of 93 cents per share, beating analysts’ estimates of 76 cents per share.It also revised upwards its revenue projection for the fiscal year ending January 2020 to $2.2 billion compared to a previous guidance of $2.15 billion.  Splunk’s stock saw price target raises from several analysts.

Its gross merchandise volume (GMV) increased 54% to $14 billion. Overall, the company’s stock has appreciated over 800% in the last three years. But do these figures tell the whole story. Shopify is not just about pushing products; it’s about empowering merchants.The company helps merchants across the size spectrum to set up virtual shops quickly and affordably with the help of select tools that make it easier for clients to process payments, ship packages, secure financing, and reduce fraudulent transactions.

Commvault Systems Inc. (CVLT - Get Report) slipped 1.3% to $66.89 Monday after one of its shareholders reduced its position in the data protection and information management company. Elliot Management said in a Securities and Exchange Commission filing that it had lowered its stake in the Tinton Falls, New Jersey-based company to about 4%.READ MORE...

I don’t know whether to classify 8x8 Inc. (Nasdaq: EGHT) as a software company or a communication services company.Regardless of the classification, the stock is hitting a key resistance point and a bearish signal was generated. We see on the daily chart that the stock fell below the $20.50 level back in October.

Avaya Holdings Corp. reported its first quarter revenue of $738 million, missing previous guidance of $750 million to $775 million. Nevertheless, the cloud solutions company’s total contract value surged +8% year- over -year to $2.4 billion.CEO Jim Chirico indicated that while sales were affected by “a few discrete items versus our outlook”, he also emphasized that the company’s clients/customers continue to back its innovations. Avaya projects its second quarter revenue to range from $730 million to $760 million.

RingCentral (RNG - Free Report) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.18 per share.These figures are adjusted for non-recurring items. READ MORE...

Symantec Corp. reported adjusted earnings of 44 cents a share in the third quarter, beating analysts' expectation of 39 cents a share.At $1.21 billion, revenues too outpaced Wall Street estimates of $1.18 billion. For the current quarter ending in March, the cybersecurity software company projects earnings to be in the range of 37 cents to 41 cents a share.

On Thursday, the fintech company, which provides payment and invoice services, reported solid fiscal second-quarter earnings, but apparently fell shy of being remarkable. Adjusted earnings of 35 cents per share matched Zacks Investment Research estimate.It was higher compared to the year-ago period’s 31 cents a share. With a 10% year-over-year increase in the quarter ended Dec. 31, Bottomline’s revenue touched $104.8 million.

Cyber-security firm FireEye (Nasdaq: FEYE) is set to report earnings on February 6, and the stock will face some resistance in the days leading up to the earnings report. Analysts expect the company to report earnings of $0.05 per share, and that would make the fourth quarter the second consecutive profitable quarter for the firm.The return on equity is -40%, the profit margin is -36%, and the operating margin is at -27%. Turning our attention to the daily chart for FireEye we see that the stock hit its 50-day moving average on Friday and has moved lower in each of the last two days.

Business software company SAP said on Tuesday it would undertake a company-wide restructuring as it presses ahead with its business transformation, stressing its ambition to more than triple its cloud business by 2023.Read More...

Software firm Autodesk (Nasdaq: ADSK) saw a pattern form in the last few days that could be a bad sign for the stock.You could also draw a trendline that connects the three closing highs, ignoring the intraday high on December 3. We also see that the overbought/oversold indicators hit overbought levels with the recent rally and they have now turned lower with the stochastic readings making a bearish crossover. Tickeron’s AI Trend Predictor made a bearish prediction on Autodesk two days ago and the previous predictions on ADSK have been accurate 74% of the time since 2005.

Atlassian Corporation PLC, a team collaboration and productivity software provider, published its Q2 results last week and surpassed all expectations. The company is making good use of the recent trend of the cloud adoption responsible for maintaining quality, reliability and security of cloud offerings with developers.Analysts also believe that the $20 million IT operations and service management sector, currently dominated by ServiceNow Inc. (NOW), will soon be overcome by Atlassian. TEAM’s Q2 earnings report witnessed an accelerated billing with an 49% billing growth, ahead of estimates by 10%.

Atlassian shares soared on Friday, following news of its beating revenue and earnings expectations. The enterprise software company had earnings of 25 cents per share in its second quarter, edging past analysts' expectations of 21 cents per share.Sales were $299 million, greater than estimates of $288.3 million. Atlassian’s subscription revenues increased +56%in the second quarter on a year-over-year basis, which was the fastest among its different revenue streams.