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Cloud Software Stocks Continue to Shine, Hit New Highs

VIEWS: 30 PAGES: 2

A big day for some cloud software names

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  • pg 1
									Robert DeFrancesco’s
TechStockProspector.com
September 13, 2012


Cloud Software Stocks Continue to Shine, Hit New Highs
NOW AVAILABLE: The September 2012 issue of Tech-Stock Prospector is available
for the Amazon Kindle or Kindle for iPad/iPhone reading app.

Here are some of the topics covered in the September 2012 issue:

*Google & Facebook seek growth in mobile
*Bazaarvoice captures the social chatter
*Ciena bets on ramping bandwidth demand
*Electronic Arts pivots for a turnaround
*Akamai Technologies holds a secret growth weapon
*Figuring out a realistic valuation for Yahoo
*Zillow attracts a record number of Web & mobile users
*Cisco Systems battles to stay relevant to investors
*Behind the sharp rebound in Aruba Networks shares
*Salesforce.com builds up its new Marketing Cloud
*Why some big investors like Jive Software
*ExactTarget delivers the right message
*Intel trims guidance on weak PC demand
*Fusion-IO offers bullish fiscal 2013 revenue outlook
*Deal Report: The next big enterprise tech IPO

Order the September 2012 issue here: http://www.amzn.com/B004T6Z0ME

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Cloud-software stocks had a big day as the overall tech sector rallied
sharply, with the Nasdaq Composite finishing up 1.3%.

*Cornerstone OnDemand (CSOD, $29.27) rose 5.8% on heavy volume that was
more than 2x greater than average daily volume. The stock traded up to $29.70, one
penny below the 52-week high.

*LivePerson (LPSN, $18.92) advanced 4% on active volume after rising 4.6%
yesterday following Benchmark starting coverage at ‘Buy’ with a price target of $22,
saying the company has multiple new product opportunities in an expanding
addressable market beyond its core interactive chat business.
*Cloud leaders NetSuite (N, $62.28) and Concur Technologies (CNQR, $75.23)
both hit new 52-week highs, while cloud king Salesforce.com (CRM, $156.99) rose
2.8%, but held below its 52-week high of $164.75.

*ServiceNow (NOW, $37.51) rose 7% and hit a new post-IPO high of $38.32, 113%
above the June 2012 IPO price of $18. ServiceNow now sports a market cap of $4.62
billion, 12.7 times the 2013 consensus revenue estimate of $363.1 million.

*One laggard: Ultimate Software (ULTI, $98.08) finished down for the session after
making it up to a high of $99.39. Ultimate hit a 52-week high of $106.40 on
September 6.

***********************************************************************************

Read the latest issue of Tech-Stock Prospector on your Amazon Kindle or Kindle for
iPad/iPhone reading app.

Here’s the Kindle link: http://www.amzn.com/B004T6Z0ME

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Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
years of experience covering the tech sector. He is a former senior writer with
Louis Rukeyser’s Wall Street.

TechStockProspector.com, launched in 2003, is an investment-research service
focused primarily on the networking, storage, security, wireless and software
sectors. Annual subscription: $350.

For more information or to place an order, call 800-392-0998.

								
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