Microsoft (MSFT), Adobe (ADBE) Enter Enterprise Cloud Partnership
- S&P 500 ends higher as markets weigh rising yields, upbeat corporate results
- Meta Platforms reports softer Q2 revenue guidance on plans to boost spending on AI
- IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
- Equities mixed as investors eye earnings; yen on intervention watch
- ServiceNow (NOW) stock falls as refreshed subscription outlook trails estimates
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Hasbro (HAS) brand strength sees earnings top expectations
- IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Crude Inventory Declined 6.4 Million Barrels Last Week
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
Cowen Reiterates Outperform on Adobe Systems (ADBE) Following Announcement Consolidation with MSFT
September 27, 2016 11:12 AM EDTCowen reiterated an Outperform rating and $120.00 price target on Adobe Systems (NASDAQ: ADBE) following the company's announcement that it is consolidating its cloud platforms onto Azure and that MSFT will now be co-selling Marketing Cloud. Cowen believes that this partnership makes sense as... More
Microsoft (MSFT) Debuts New IT-Focused Cloud-Based Products
September 26, 2016 9:08 AM EDTAt its annual Microsoft Ignite conference on Monday, Microsoft Corp. announced new products and services spanning security, productivity, intelligence and the cloud that will make it easier for IT professionals to drive digital transformation throughout their organizations. In addition, Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen announced that Adobe is bringing its Marketing Cloud to Microsoft Azure and making it the preferred digital marketing solution for Dynamics 365 Enterprise.
"Core to our mission to empower every person and organization on the planet is democratizing AI for every person and organization to help solve society's most pressing challenges,"... More