Stock Research Monitor: BL, CDK, and CMCM
LONDON, UK / ACCESSWIRE / May 18, 2018 / If you want a free Stock Review on CDNS sign up now at www.wallstequities.com/registration. Research coverage has been initiated by WallStEquities.com on BlackLine Inc. (NASDAQ: BL), Cadence Design Systems Inc. (NASDAQ: CDNS), CDK Global Inc. (NASDAQ: CDK), and Cheetah Mobile Inc. (NYSE: CMCM). The global Application Software industry is a consolidated space consisting of ERP, CRM, SCM, and business intelligence and analytics. All you have to do is sign up today for this free limited time offer by clicking the link below.
On Thursday, shares in Los Angeles, California headquartered BlackLine Inc. saw a slight decline of 0.33%, ending the day at $39.52. The stock recorded a trading volume of 205,185 shares. The Company's shares have advanced 14.05% over the previous three months and 25.26% over the past year. The stock is trading above its 200-day moving average by 9.80%. Moreover, shares of BlackLine, which provides financial accounting close solutions delivered as a Software as a Service in the US and internationally, have a Relative Strength Index (RSI) of 41.47.
On May 03rd, 2018, BlackLine announced its results for Q1 ended March 31st, 2018. Total GAAP revenues were $51.3 million for Q1 2018, and GAAP net loss was $7.2 million. Operating cash flow for the quarter was $1.8 million, and free cash flow was ($1.5) million. Get the full research report on BL for free by clicking below at:
Cadence Design Systems
Shares in San Jose, California headquartered Cadence Design Systems Inc. ended the day 1.19% higher at $41.52 with a total trading volume of 2.02 million shares. In the last month and the previous three months, the stock has gained 8.78% and 6.27%, respectively. Additionally, the Company's shares have advanced 28.19% over the past year. The stock is trading above its 50-day and 200-day moving averages by 7.36% and 2.50%, respectively. Furthermore, shares of the Company, which provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis worldwide, have an RSI of 60.87.
On April 24th, 2018, research firm Needham upgraded the Company's stock rating from ?Hold' to ?Buy', with a target price of $47 per share.
On May 08th, 2018, Cadence Design Systems introduced the Cadence® Legato? Reliability Solution, the industry's first software product that meets the challenges of designing high-reliability analog and mixed-signal integrated circuits for automotive, medical, industrial, and aerospace and defense applications. The Legato Reliability Solution provides analog designers with the tools they need to manage their design's reliability throughout the product lifecycle - from initial test through active life through aging. Today's complimentary research report on CDNS is accessible at:
At the close of trading on Thursday, shares in Hoffman Estates, Illinois headquartered CDK Global Inc. finished 0.59% lower at $64.21 with a total trading volume of 484,206 shares. The stock has advanced 5.28% over the past year. The Company's shares are trading below their 50-day moving average by 2.03%. Additionally, shares of CDK Global, which provides integrated information technology and digital marketing solutions to the automotive retail and other industries worldwide, have an RSI of 42.79.
On April 26th, 2018, CDK Global announced financial results for its Q3 FY18 ended March 31st, 2018. Revenues for the quarter were $576.6 million, and total expenses were $419.2 million. Net earnings attributable to the Company for Q3 FY018 were $96.1 million, and EBIT was $135.0 million. Register now for your free research document on CDK at:
Beijing, China headquartered Cheetah Mobile Inc.'s shares recorded a trading volume of 1.11 million shares at the end of yesterday's session, which was above their three months average volume of 1.09 million shares. The stock closed the day 4.65% higher at $12.83. The Company's shares have advanced 4.73% in the past month and 23.96% over the past year. The stock is trading above its 50-day and 200-day moving averages by 0.54% and 9.33%, respectively. Additionally, shares of Cheetah Mobile, which operates a platform that offers mobile and PC applications for its users and global content promotional channels, have an RSI of 54.40.
On May 07th, 2018, Cheetah Mobile announced that its Annual General Meeting of Shareholders will be held on May 28th, 2018 at 2:00 p.m. local time at the office of the Company at Hui Tong Times Square, No. 8, Yaojiayuan South Road, Beijing, China. No proposal will be submitted for shareholder approval at this meeting. Click on the link below and see our free report CMCM at:
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