|Bid||120.00 x 900|
|Ask||172.00 x 800|
|Day's Range||153.26 - 155.57|
|52 Week Range||124.77 - 171.78|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||60.73|
|Earnings Date||May 04, 2020 - May 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul 18, 1999|
|1y Target Est||161.33|
Seventy-eight percent of employees report discussing politics at work, and 47% report that the 2020 U.S. presidential election has impacted their ability to get work done, according to Gartner, Inc. A February 2020 Gartner survey of 500 employees across the United States found that politics and the topic of the 2020 U.S. presidential election are negatively affecting productivity, collaboration and employee morale in the workplace.
Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Gartner, Inc. (NYSE: IT).
(Bloomberg) -- In March, VMware Inc. Chief Executive Officer Pat Gelsinger took the stage at a premier cybersecurity conference to deliver a cutting message to attendees: The industry had failed its customers and many of the companies were akin to ambulance chasers.“We have 6,000 products, 5,000 companies, highly fragmented, (and) not operational,” Gelsinger recalled telling those at the RSA Conference in San Francisco. “We’re the fastest growing line item for IT and the number and scope of breaches has increased.”The reaction: “There were people who wanted to kill me,’’ he said. “There were people who considered me a prophet of the future.”Five months after Gelsinger’s speech, VMware entered the fray, buying cybersecurity company Carbon Black Inc. for $2.1 billion, and joining an estimated 5,600 companies that offer security hardware, software or services. VMware, majority owned by Dell Technologies Inc., and Box Inc. are among the software makers that have targeted the area as the next frontier for growth. Businesses are spending more to protect their information in an era when cyber-attacks have become more frequent and data is moving from corporate servers to huge public cloud-computing vendors.Companies spent $112.7 billion on information security and risk management in 2018, and are projected to increase that outlay almost 9% more per year through 2022, according to research firm Gartner Inc. Still, with the industry so diverse, and so many niche products available, it will be difficult for any new entrant to capture a big share of the business, said Erik Suppiger, an analyst at JMP Securities. “Security is a very specialized technology and it’s difficult to replicate the culture of security innovation at a company that’s not focused on security,” Suppiger said in an interview. “When you have other companies trying to expand beyond their core focus, I think a lot of times they are more successful if it’s adjacent to what they do. It’s when they move beyond a good complement that they get into trouble.”The top public cloud companies, Amazon.com Inc., Microsoft Inc. and Alphabet Inc.’s Google also have started to develop add-on security tools to protect clients’ data on their platforms, suggesting another new, powerful force in the industry.“We haven’t seen them dominating yet, but they are in a very good position,” Suppiger said of the three cloud titans.Despite the market chaos, Gelsinger sees an opportunity for VMware. It plans to integrate Carbon Black’s data-protection product with its existing software and sell them as a suite.“We’re going to redefine the category to say if you’re not a platform and you’re not doing management and security, you’re part of the problem, not part of the solution,” he said.VMware makes software that allows customers to combine multiple tasks on a single server, and is trying to shift to selling more programs that help companies run applications in the cloud and in their own data centers. For years, the 22-year-old company has sought new avenues to boost sales growth, including networking solutions and products that authenticate the identities of those accessing corporate devices and systems.Revenue growth of about 12% year over year for the last four quarters hasn’t matched business cloud applications companies such as Salesforce.com Inc. or Adobe Inc., which regularly post quarterly revenue gains of more than 20%.While no individual companies dominate the market the way former titans McAfee and Symantec once held sway, VMware’s Carbon Black competes with Crowdstrike Inc., a Wall Street favorite since it went public last June. Carbon Black makes software that helps companies detect malicious behavior on their systems. Gelsinger said he considered buying Crowdstrike and others, but dismissed the notion of spending one-third of his company’s $60 billion market capitalization on “one solution.”Instead, VMware is betting it can capture bigger deals by integrating Carbon Black’s tools and selling them through its existing, much-larger salesforce.Suppiger said VMware’s entrance into the market is unlikely to rattle rivals.“I don’t view them as a major threat to the vendor landscape in the endpoint space,” Suppiger said. “There’s a pretty strong case to be made that Crowdstrike is out-executing Carbon Black as part of VMware.”Other companies may emerge as targets for those looking to bolster their positions in the cybersecurity market. Dell is said to be exploring a sale of RSA Security, which it hopes could fetch at least $1 billion, Bloomberg News reported in November. CrowdStrike remains a coveted asset, as is Zscaler Inc., which provides web and mobile security, and analysts have pointed to Palo Alto Networks Inc., though its $24 billion market value makes it an expensive acquisition.Box CEO Aaron Levie, too, sees cybersecurity as a way to expand. His company’s sales growth dropped to less than 20% a quarter in the current fiscal year—far slower than many of its cloud peers.Last October, Box launched a security product, Shield, that’s meant to help companies reduce data leaks through additional controls. The introduction of the new product coincided with activist investor Starboard Value LP taking a stake in the Redwood City, California-based software maker, pushing the company to increase sales growth and make a profit.Box’s future will be determined, in part, on how well it can sell Shield. Levie said he came to believe that a security product would be a natural evolution for the company that sells file-sharing and collaboration tools.In “a world where companies are sharing and collaborating inside and outside of their organizations, you need an all-new security model to protect information that flows between companies,” he said.For all of VMware CEO Gelsinger’s complaints about how fractured the cybersecurity market is, Suppiger still sees the best solutions coming from smaller companies that concentrate on specific problems. But the market remains wide open.“Cloud security is still the wild, wild west where the competitive dynamics have yet to really play out,” Suppiger said.To contact the author of this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editor responsible for this story: Andrew Pollack at email@example.com, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- The private investment arm of Koch Industries Inc., run by billionaire Charles Koch, has acquired the remaining equity in cloud-software maker Infor Inc., the companies said.The deal values Infor at $11 billion, or nearly $13 billion including preferred shares, according to people familiar with the matter who asked not to be identified discussing private information. Koch Industries, the Wichita, Kansas-based conglomerate, already owned about 70% of Infor, the company said. Its subsidiary Koch Equity Development LLC purchased the remaining Infor equity it didn’t already own from Golden Gate Capital. Infor, which Wall Street has viewed as a candidate for an upcoming initial public offering, will become a Koch Industries subsidiary. The move to buy Infor underscores Koch Industries’ continued push into technology, a relatively new priority for a sprawling conglomerate best known for refineries, paper goods, and other industrial products—along with the libertarian and conservative views of its CEO and his brother David, who died last year.In 2013, Koch Industries, which brings in $110 billion in annual revenue, bought electronics component maker Molex for $7.2 billion. And three years ago it launched a venture capital arm, Koch Disruptive Technologies, run by Charles’s son, Chase. That venture division has made investments in companies such as enterprise software startup D2iQ and 3D-printing company Desktop Metal.“Investment in Infor is a great platform to continue in that space,” said Jim Hannan, the executive who runs the enterprises division of Koch Industries. A range of Koch businesses already use Infor’s tools, Hannan said, adding, “It doesn’t matter whether you’re making paper towels or fertilizer or anything else.” Infor, a competitor to companies like Oracle Corp. and SAP SE with annual revenue of about $3.2 billion, makes software that is specialized by industry, including manufacturing, government, health care and retail. Its fastest-growing product is its software-as-a-service business, which allows customers to use software held remotely instead of maintaining it in their own data centers.Koch Equity Development first took a $2 billion stake in Infor in 2017, and topped it up with another $1.5 billion a year ago. Infor had been considering an IPO, and according its chief executive officer, Kevin Samuelson, hasn’t ruled out that possibility for the future. But Samuelson said the acquisition route was more immediately appealing because of Koch Industries’ robust balance sheet, with its clout that could potentially enable Infor to make further acquisitions of its own. Of the Koch Industries bid, Samuelson said, “Just the access to capital, the IT perspective, working with someone who started as a customer—this was the right outcome.”Infor’s market share in enterprise software is about 6%, according to the research firm IDC, making it third after SAP and Oracle. Gartner Inc., another researcher, placed both its 2018 market share and its growth rate at 5%. Infor said its software-as-a-service unit would be on track for about $800 million in annual revenue, if its last month’s revenue held steady for the following year. That unit is also growing at more than 20% annually, Samuelson said.Infor, founded in 2002, has grown both organically and through acquisitions. It bought GT Nexus for $675 million in 2015. (Adds context on the valuation in the second paragraph.)\--With assistance from Ed Hammond.To contact the author of this story: Sarah McBride in San Francisco at firstname.lastname@example.orgTo contact the editor responsible for this story: Anne VanderMey at email@example.com, Michael HythaLiana BakerTom GilesFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Gartner, Inc. (NYSE: IT), the world's leading research and advisory company, today reported results for the fourth quarter 2019 and provided its financial outlook for the full year 2020. Additional information regarding the Company's results is provided in an earnings supplement available on the Company's Investor Relations website at https://investor.gartner.com.
NEW YORK, NY / ACCESSWIRE / February 4, 2020 / Gartner, Inc. (NYSE:IT) will be discussing their earnings results in their 2019 Fourth Quarter Earnings to be held on February 4, 2020 at 8:00 AM Eastern ...
(Bloomberg) -- Advanced Micro Devices Inc. gave a lackluster forecast for the current period, suggesting gains against larger chip rival Intel Corp. may take longer than investors had hoped.Revenue in the first three months of the year will be about $1.8 billion, plus or minus $50 million, Santa Clara, California-based AMD said Tuesday in a statement. That would fall short of the average analyst estimate of $1.87 billion, according to data compiled by Bloomberg.AMD also said sales will increase 28% to 30% in 2020. Analysts, on average, projected annual revenue growth of 28%.Shares slipped about 3% in extended trading after the earnings report. The stock has surged to more than $50 this year, up from less than $3 at the end of 2015, as investors bet that the company’s new products, and manufacturing stumbles by Intel, would open the door to sustained market share gains.Though the quarterly outlook disappointed some investors, AMD’s revenue growth forecast reflects strong demand for server chips from cloud data center operators and personal computer makers, mirroring Intel’s report from last week.“We delivered significant margin expansion and increased profitability as we gained market share with our Ryzen and EPYC processors,” Chief Executive Officer Lisa Su said in the statement. “Our focused execution and the investments we made in our high-performance computing roadmaps position us well for continued growth in 2020 and beyond.”AMD’s shares gained 148% last year making them the best performer on the S&P 500 Index. Earlier Tuesday, the stock closed up 2.6% at $50.53.AMD has said it’s targeting double-digit market share in servers by the middle of this year. The company is trying to reclaim a meaningful position in that lucrative market after dropping to less than 1%. Server computers are the backbone of corporate networks and the giant data centers that run the internet. Chips that power them can cost more than $10,000 each.Intel’s server chip unit grew 19% in the fourth quarter and revenue from cloud-service providers, which offer computing power and storage via the internet, surged 48%. Intel’s data center business gets more revenue in a quarter than the whole of AMD reports in year.Both companies have benefited from persistently strong demand for personal computers. Global PC shipments rose 2.3% from a year earlier in the fourth quarter as companies upgraded to a new version of Microsoft Corp.’s Windows operating system, according to research firm Gartner Inc. AMD has an even greater ability to cash in on this as it’s also the second-largest maker of chips used in computer graphics cards.On Tuesday, AMD said fourth-quarter net income rose to $170 million, or 15 cents a share, compared with $38 million, or 4 cents, a year earlier. Excluding certain items, profit in the period was 32 cents a share. Revenue gained 50% to $2.13 billion. Analysts had projected profit of 30 cents a share on sales of $2.1 billion.(Updates with comments from CEO in the sixth paragraph.)To contact the reporter on this story: Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Gartner (IT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Gartner, Inc. (NYSE: IT), the world’s leading research and advisory company, today announced that Craig Safian, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the Goldman Sachs Technology and Internet Conference in San Francisco.
The technology sector is comprised of businesses that sell goods and services in electronics, software, computers, artificial intelligence, and other industries related to information technology (IT). The sector includes companies with the largest market capitalizations in the world, including Alphabet Inc. (GOOGL), Microsoft Corp. (MSFT), and Amazon.com Inc. (AMZN). Here are the top 3 tech stocks with the best value, the fastest earnings growth, and the most momentum.
Forty-two percent of sales leaders rate their sales analytics return on investment (ROI) as significantly higher than expected, according to a sales operations survey by Gartner, Inc. This is the case no matter where sales analytics is located within the organization — whether it is in sales operations or outside of sales and in a shared department such as marketing, product and/or finance.
Gartner, Inc. (NYSE: IT), the world’s leading research and advisory company, will report its financial results for fourth quarter 2019 before the market opens on Tuesday, February 4, 2020. The press release and earnings supplement, with accompanying financial information, will be posted on the Gartner investor website at https://investor.gartner.com.
The analysts at Gartner have published their annual global device forecast, and while 2020 looks like it may be partly sunny, get ready for more showers and poor weather ahead. The analysts predict that a bump from new 5G technology will lead to total shipments of 2.16 billion units -- devices that include PCs, mobile handsets, watches, and all sizes of computing devices in between -- working out to a rise of 0.9% compared to 2019. As a point of comparison, last year Gartner revised its 2019 numbers at least three times, starting from "flat shipments" and ending at nearly four percent decline.
The latest estimates from research firm Gartner suggest enterprise software spend could grow at a double-digit rate both this year and next.
Worldwide IT spending is projected to total $3.9 trillion in 2020, an increase of 3.4% from 2019, according to the latest forecast by Gartner, Inc. Global IT spending is expected to cross into $4 trillion territory next year.
(Bloomberg) -- Worldwide shipments of personal computers increased 2.3% in the fourth quarter from a year earlier, continuing a 2019 trend fueled by commercial customers upgrading to Microsoft Corp.’s new operating system.Lenovo Group Ltd. held onto the top spot with almost 25% of the market amid a quest by PC makers to find new types of machines to entice customers.PC shipments climbed to 70.6 million units in the period that ended Dec. 31, researcher Gartner Inc. said Monday in a report. Competing firm IDC pegged the shipments at 71.8 million units, a 4.8% rise. For the year, the PC market grew for the first time since 2011, both firms said.For a third consecutive quarter, manufacturers received a boost from corporate clients upgrading devices to get access to Microsoft’s Windows 10 operating system. Microsoft will stop supporting Windows 7 Tuesday, according to the company’s website.With corporate upgrades expected to taper off this year, PC makers have searched for ways to shake up a market that has stagnated for years. Beijing-based Lenovo last week debuted a laptop with a folding screen at the CES consumer technology show in Las Vegas. Dell Technologies Inc. also unveiled two concepts that featured folding screens.“Despite the positivity surrounding 2019, the next twelve to eighteen months will be challenging for traditional PCs as the majority of Windows 10 upgrades will be in the rearview mirror and lingering concerns around component shortages and trade negotiations get ironed out,” said Jitesh Ubrani, research manager for IDC’s Worldwide Mobile Device Trackers. “Although new technologies such as 5G and dual- and folding-screen devices along with an uptake in gaming PCs will provide an uplift, these will take some time to coalesce.”HP Inc. maintained the global No. 2 spot with 22.8% of the market during the quarter. The U.S. company has sought to make its devices more stylish and has also entered the lucrative gaming PC market. Dell was again the third-largest seller, and its 12% year-over-year increase in shipments was the biggest gain of any major manufacturer in the quarter. The company focuses on selling PCs to corporate clients, to bolster profit margins through add-on software and services. Apple Inc. came in fourth place with 7.5% of the worldwide market.To contact the reporter on this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.