Research Reports Initiation on Application Software Stocks -- Shopify, Cornerstone OnDemand, SAP SE, and Ellie Mae

NEW YORK, February 6, 2017 /PRNewswire/ --

The global Application Software industry is a consolidated space that consists of ERP, CRM, SCM, and business intelligence and analytics. Factors, such as IT spending, technological innovations and economic growth, impact the industry dynamics significantly. In today's pre-market research, Stock-Callers.com recalls how the following equities have fared at the closing bell of the last trading session: Shopify Inc. (NYSE: SHOP), Cornerstone OnDemand Inc. (NASDAQ: CSOD), SAP SE (NYSE: SAP), and Ellie Mae Inc. (NYSE: ELLI). Learn more about these stocks by downloading their free report at:

http://stock-callers.com/registration

Shopify  

On Friday, Canada headquartered Shopify Inc.'s stock declined 0.38%, to close the day at $52.12. A total volume of 767,360 shares was traded. The Company's shares have advanced 18.08% in the last month, 19.62% in the previous three months, and 21.58% on an YTD basis. The stock is trading 15.55% above its 50-day moving average and 36.31% above its 200-day moving average. Additionally, shares of Shopify, which provides a cloud-based and multi-channel commerce platform for small and medium-sized businesses, have a Relative Strength Index (RSI) of 71.13.

On January 24^th, 2017, Shopify announced that it will release its financial results for Q4 ended December 31^st, 2016, before markets open on February 15^th, 2017. Shopify's management will host a conference call to discuss these results at 8:30 a.m. ET on that day. The free research report on SHOP is available at:

http://stock-callers.com/registration/?symbol=SHOP

Cornerstone OnDemand  

Shares in California headquartered Cornerstone OnDemand Inc. rose 2.12%, finishing the session at $42.44. The stock recorded a trading volume of 656,391 shares. The Company's shares have gained 7.55% in the previous three months and 0.31% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.32% and 3.98%, respectively. Furthermore, shares of Cornerstone OnDemand, which provides talent management solutions delivered as software-as-a-service, have an RSI of 66.84.

On January 04^th, 2017, Cornerstone announced that its financial results for Q4 2016 and FY16 will be released after the market close on February 13^th, 2017. Cornerstone will host a conference call to discuss the results at 2 p.m. PT on the same day. The complimentary report on CSOD can be downloaded at:

http://stock-callers.com/registration/?symbol=CSOD

SAP SE  

Germany headquartered SAP SE's stock finished 0.71% higher at $92.52 last Friday at the close. A total volume of 628,135 shares was traded. The Company's shares have advanced 6.76% in the past month, 7.52% over the previous three months, and 7.05% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.52% and 9.72%, respectively. Additionally, shares of SAP, which provides application and analytics software and software-related services for enterprises worldwide, have an RSI of 75.85.

On January 24^th, 2017, SAP reported that for Q4 2016 cloud and software revenue grew 7% (IFRS) y-o-y, or 6% (non-IFRS at constant currencies). The Company's Cloud subscriptions and support revenue grew 31% on a y-o-y basis to €827 million (IFRS) or 29% (non-IFRS at constant currencies). SAP's new cloud bookings were up 40% in Q4 2016 and reached €483 million. For Q4 2016, SAP's operating profit was up 14% y-o-y to €1.94 billion (IFRS), or 2% (non-IFRS at constant currencies). Earnings per share increased 18% y-o-y to €1.26 (IFRS) and 9% to €1.52 (non-IFRS).

On January 25^th, 2017, research firm BMO Capital Markets reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $88 a share to $95 a share. Visit us today and download our complete research report on SAP for free at:

http://stock-callers.com/registration/?symbol=SAP

Ellie Mae  

California headquartered Ellie Mae Inc.'s shares ended the session 1.09% higher at $87.80. The stock recorded a trading volume of 602,911 shares. The Company's shares have advanced 1.86% in the last month and 4.92% on an YTD basis. The stock is trading 4.97% above its 50-day moving average. Moreover, shares of Ellie Mae, which provides on-demand software solutions and services for the residential mortgage industry in the US, have an RSI of 65.73.

On January 12^th, 2017, research firm Morgan Stanley initiated an 'Equal-Weight' rating on the Company's stock.

On January 25^th, 2017, Ellie Mae announced that its Technical Support team was recognized with the HDI Pinnacle of Excellence Award for Team Lead Certification. HDI, the first professional association created for the technical support industry, offers resources, training, events, and research to promote organization-wide success through exceptional customer service. As part of the Ellie Mae Technical Support organization's efforts toward continuous improvement, operational excellence and staff development, the team recently invested in several role-based training efforts through a comprehensive HDI-led curriculum. For each role, HDI provided curriculum, tools and techniques to make the individual, team and customer successful. Get free access to your technical report on ELLI at:

http://stock-callers.com/registration/?symbol=ELLI

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