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SunTrust Sees Software Earnings Season 'Off To A Promising Start'

ATTU, Blackbaud, Inc. NASDAQ:BLKB - SunTrust Sees Software Earnings Season 'Off To A Promising Start'

SunTrust Robinson Humphrey's John Rizzuto mentioned the 1Q16 results reported by software companies had generally been favorable. Of the 15 software companies the analyst had tracked over the past couple of weeks, 67 percent had reported revenue ahead of consensus estimates, while 27 percent had missed expectations and 7 percent had recorded in-line revenue.

Analyst John Rizzuto added that 53 percent of these 15 software companies had reported an earnings beat , while 27 percent had missed expectations and 20 percent had recorded in-line earnings.

Buy Ratings

Rizzuto has Buy ratings on the following companies:

Neutral Ratings

Rizzuto has Neutral ratings on the following companies:

Upcoming Reports

The following companies are scheduled to report earnings next week:

  • Attunity
  • Hortonworks
  • Tableau
  • Teradata

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