Hazy Results, Prospects for Oracle
Cloud revenue remains sluggish at the wide-moat firm, particularly when compared with competitors such as Microsoft, Salesforce, and Workday.
Rodney Nelson
Rodney Nelson is a senior equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. His coverage spans enterprise software, including legacy software companies, software-as-a-service providers, and business intelligence software vendors.
Before assuming his current role in 2015, Nelson was an associate equity analyst on the technology, media, and telecommunications team, covering software, Internet, and Canadian telecom companies. He was also a member of the cross-sector equity research team from 2012 to mid-2014. He joined Morningstar in 2011 as an equity and credit research sales intern before becoming a full-time employee in 2012.
Nelson holds a bachelor’s degree in economics from the University of Chicago.
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The Magento acquisition will bolster the firm's already strong standing in digital marketing while unlocking new opportunities.
We'd Be Happy Buyers of Guidewire on Price Pullback
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Landing GitHub Boostes Microsoft's Open-Source Prowess
Microsoft will issue undervalued equity to finance this transaction, but it expects to repurchase shares to offset the size of the deal within six months.
Salesforce Continues Winning Ways, Shares Undervalued
The wide-moat firm continues to see strength across all of its major cloud properties, and we're boosting our fair value estimate by about 9%.
Decent Results for HP, but Growth Potential Limited
3-D printing and a managed print service focus will provide new growth opportunities for HP, secular headwinds in traditional printing will limit overall growth.
Blue Skies Ahead for Microsoft's Azure
We see a massive market opportunity for the undervalued company.
Microsoft One of the Best Opportunities Today
A stellar third quarter underscores the wide-moat firm's strength, and shares are trading at a sizable discount to our fair value estimate.
Microsoft Delivers Flawless Third Quarter
We’re raising our fair value estimate for the wide-moat firm and view shares as attractive.
Salesforce Pays Up for Mulesoft
The purchase price looks steep, but wide-moat Salesforce can achieve significant revenue synergies given its overlap with Mulesoft's largely enterprise customer base.
Oracle's Cloud Growth Sputters
The wide-moat firm will begin to face a series of tough compares as they lap quarters that are fully inclusive of NetSuite.
Adobe Has Built a Wide Moat
Its products are the industry standard for creative professionals.
Guidewire Solidifies Premier Position in Industry
The wide-moat firm's results could prove lumpy in the near term as it attracts more cloud customers, but its long-term competitive positioning is as strong as ever.
Salesforce Unbeatable, yet Shares Still Underpriced
The wide-moat firm's competitive positioning in customer relationship management software is virtually unassailable.
HP Inc's Resurgence May Be Short-Lived
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Despite Rally, Twilio Attractive
The platform-as-a-service firm continues to diminish its customer concentration risk, and we're raising our fair value estimate to $37 per share.
Salesforce.com Strives for Software Supremacy
This wide-moat company is the world’s largest pure-play software-as-a-service vendor.
Microsoft’s Durable Cloud Growth Impressive
We’re boosting our fair value estimate for Microsoft after the firm’s second-quarter results beat our expectations.
Even After Management Shuffle, Guidewire Attractive
Changes in the management ranks have no impact on our view on the wide-moat firm, which is trading about 20% below our fair value estimate.
Oracle's Database Future Could Be Dimming
We believe customer switching costs are decreasing.
Plenty to Like in Red Hat's Results
The narrow-moat company continues to see strong demand for its application development and emerging technology solutions.
More Stellar Results From Adobe
The wide-moat firm will roll out its first set of price hikes across Creative Cloud, and we think there is room for upside to management's outlook for fiscal 2018.
Oracle's Cloud Growth Disappointing
The wide-moat company's convoluted IaaS/PaaS stacks up poorly against rivals such as Amazon and Microsoft.
Guidewire Stakes Its Claim in Insurance IT
Its modern software platform is creating a dominant market position.
Salesforce Is Challenging for Software Supremacy
The wide-moat firm remains poised to capture additional market share as spending for customer relationships management applications continues to move toward cloud-based applications.
Outstanding 1st Quarter for Microsoft
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Adobe Continues to Impress
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Don't Jump on Oracle's Hype Train
The wide-moat firm reported solid results, but we take issue with its strategy for the remainder of its cloud business.
Verint Bounces Back
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Strong Management, Competitive Products Lift Guidewire
The wide-moat firm's competitive positioning is as strong as ever as its best-of-breed platform continues to drive improved efficiency for insurance companies.
HP Delivers Solid Results, But Growth Prospects Muted
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Salesforce Exceeds Expectations Again
The wide-moat company continues to make headway on several initiatives, including investment in industry-specific products and growing its international business.
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The shares of this software-as-a-service powerhouse are trading below our new fair value estimate.
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We see strong competitive advantages building for both of the firms' public cloud offerings.
We Still See Upside in Microsoft Shares Today
The wide-moat firm's cloud business is on an upward trajectory.
Azure, Office 365 Light Up Microsoft’s Cloud Business
We still see some upside in Microsoft shares today after the firm closed its fiscal year with a bang.
Citrix: Sudden CEO Exit Gives Pause
The core business is in a challenging position after the narrow-moat company has undergone so many drastic overhauls in the last two years.
Cloud Lifts Microsoft's Prospects
The Azure platform should provide substantial growth for several years.
Oracle Has a Wide Moat Even as It Races to the Cloud
Computer technology firm has a challenging task ahead of it as it makes the transition in its business model.
Oracle: Blowout Results, but Questions on IaaS Strategy
The wide-moat firm's limited capital expenditure profile gives us pause about the legitimacy of their public cloud offering for infrastructure-as-a-service.
Adobe: One of the Best-Run Software Companies
We're raising our fair value estimate on the wide-moat firm.
Strong Results for Guidewire But Shares Overpriced
We’re raising our fair value estimate on the wide-moat company as it reaches key milestones in its burgeoning cloud properties.
Solid Start for Splunk
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There’s More Upside for Salesforce
Though shares of the wide-moat firm have rallied this year, we think they could have more room to run.
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Red Hat Rights Its Ship, Raising Fair Value Estimate
Two cloud infrastructure technologies, OpenStack and OpenShift, are paramount to this narrow-moat company's long-term success.
No Stopping Adobe
The wide-moat company boasts one of the best execution stories in software.