Steve Koenig

With total spending on data security expected to grow 8 percent annually to $98 billion in three years, an analyst launched coverage Wednesday on two of the sector's significant players. Wedbush's Steve Koenig offered Buy ratings on both FireEye Inc (NASDAQ: FEYE) and the smaller...

In a report published Thursday, Wedbush analyst Steve Koenig downgraded his rating on Autodesk, Inc. (NASDAQ: ADSK) from Outperform to Neutral, while lowering the price target from $64 to $57. "Our intra-quarter checks suggest traction with desktop subscriptions is fairly modest, even with a 2Q...

Wedbush reiterated its Neutral rating on salesforce.com, inc. (NYSE: CRM) and $66 price target ahead of the company reporting Q1 results on May 20. Analysts Steve Koenig and Jaw Cho expected "continued momentum" and estimated that Q1 revenue would come in “about $12M ahead of...

Salesforce.com, Inc.'s (NYSE: CRM) $49.42 billion market capitalization and rich price relative to its expected earnings leave only a few giant companies as potential suitors, an analyst told Benzinga Wednesday. Wedbush's Steve Koenig said Oracle Corporation (NYSE: ORCL), with a market...

In a report published Monday, Wedbush Securities analyst Steve Koenig reiterated a Neutral rating and $24.00 price target on Progress Software Corporation (NASDAQ: PRGS). In the report, Wedbush Securities noted, "We are reiterating our NEUTRAL rating and 12-month target price of $24, based on a...

In a report published Monday, Wedbush Securities analyst Steve Koenig reiterated an Outperform rating and $46.00 price target on PTC Inc. (NASDAQ: PTC). In the report, Wedbush Securities noted, "We are reiterating our OUTPERFORM rating and 12-month target price of $46, based on an average of our P/...

In a report published Friday, Wedbush Securities analyst Steve Koenig reiterated an Outperform rating and $104.00 price target on Workday Inc (NYSE: WDAY). In the report, Wedbush Securities noted, "Our partner checks were positive. Integrators cited strong growth in request-for-proposal (RFP)...

In a report published Friday, Wedbush Securities analyst Steve Koenig reiterated an Outperform rating and $78.00 price target on Splunk (NASDAQ: SPLK). In the report, Wedbush Securities noted, "We remain bullish on SPLK shares. We think the company can sustain a strong growth dynamic as enterprises...

In a report published Friday, Wedbush Securities analyst Steve Koenig reiterated an Outperform rating and $37.00 price target on Qlik Technologies (NASDAQ: QLIK). In the report, Wedbush Securities noted, "QLIK posted a solid 4Q, with a $3M revenue beat driven by strong growth in Europe (+19% Y/Y in...

In a report published Wednesday, Wedbush Securities analyst Steve Koenig reiterated a Neutral rating on The Ultimate Software Group (NASDAQ: ULTI), but lowered the price target from $162.00 to $157.00. In the report, Wedbush Securities noted, "ULTI's 4Q and guidance was about as in line as they...

In a report published Wednesday, Wedbush Securities analyst Steve Koenig reiterated a Neutral rating on The Ultimate Software Group (NASDAQ: ULTI), and raised the price target from $139.00 to $162.00. In the report, Wedbush Securities noted, “We view 4Q employment trends in the U.S. as an...

In a report published Wednesday, Wedbush analyst Steve Koenig reiterated an Outperform rating and $37.00 price target on Informatica Corporation (NASDAQ: INFA). In the report, Wedbush noted, “We suspect INFA is on the cusp of a significant business model transition. As open source competitors make...