|Bid||56.57 x 1000|
|Ask||57.48 x 1000|
|Day's Range||56.67 - 57.17|
|52 Week Range||45.80 - 58.48|
|PE Ratio (TTM)||19.11|
|Expense Ratio (net)||0.14%|
Macquarie analyst Sarah Hindlian and her team are out Monday with a software earnings preview, writing that they expect solid results from the off-cycle software vendors in their coverage, thanks to strong enterprise spending that continued into this month.
Earlier this week, a judge ruled that Microsoft’s (MSFT) LinkedIn is not allowed to block access to web scraping vendors. Barclay’s Raimo Lenschow and Saket Kalia write that the ruling reinforces the idea that data is a major strategic asset for companies going forward. More from their note: Salesforce (CRM) had previously argued that blocking access to this data was a major competitive concern in the LinkedIn/Microsoft deal, and we see this event as a confirmation that some of CRM's points were valid.
With nearly all of the companies in the S&P 500 reporting earnings, CFRA’s Lindsey Bell takes a look at trends from the quarter, writing that corporate fundamentals remains strong. Higher crude prices helped 72% of energy companies beat revenue estimates, but many companies’ bottom lines disappointed, with just 47% beating earnings estimates. Technology posted impressive growth of 20.7% in the quarter, Bell writes, its fourth straight quarter recording double digit growth—that hasn’t happened since the first quarter of 2012.