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Application Software Stocks' Research Reports Released on RealPage, Red Hat, RingCentral, and SAP
[April 10, 2018]

Application Software Stocks' Research Reports Released on RealPage, Red Hat, RingCentral, and SAP


NEW YORK, April 10, 2018 /PRNewswire/ --

WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on RP, RHT, RNG, and SAP which can be accessed for free by signing up to www.wallstequities.com/registration. In today's pre-market research, WallStEquities.com has issued research reports on RealPage Inc. (NASDAQ: RP), Red Hat Inc. (NYSE: RHT), RingCentral Inc. (NYSE: RNG), and SAP SE (NYSE: SAP). Companies in the Application Software space create, license, and sell software for a variety of uses, including personal and enterprise use. Many of these companies also sell complementary hardware. All you have to do is sign up today for this free limited time offer by clicking the link below. www.wallstequities.com/registration

RealPage

Richardson, Texas headquartered RealPage Inc.'s stock finished Monday's session 0.97% higher at $51.85 with a total trading volume of 297,255 shares. The Company's shares have advanced 14.21% over the previous three months and 45.44% over the past year. The stock is trading above its 50-day and 200-day moving averages by 1.85% and 17.07%, respectively. Furthermore, shares of RealPage, which provides software and data analytics for the real estate industry in the US, have a Relative Strength Index (RSI) of 50.80.  

On March 29th, 2018, RealPage said that the US apartment market's performance stumbled during Q1 2018. Occupancy backtracked to 94.5% in March, down from 95% a year earlier. Annual rent growth cooled to 2.3%, the slowest pace of increase since the third quarter of 2010. Get the full research report on RP for free by clicking below at: www.wallstequities.com/registration/?symbol=RP

Red Hat

Shares in Raleigh, North Carolina headquartered Red Hat Inc. ended at $151.33, up 1.45% from the last trading session. The stock recorded a trading volume of 1.27 million shares. The Company's shares have gained 21.90% in the previous three months and 78.04% over the past year. The stock is trading 5.18% above its 50-day moving average and 25.33% above its 200-day moving average. Moreover, shares of Red Hat, which provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide, have an RSI of 54.80.  

On March 26th, 2018, Red Hat announced its financial results for Q4 FY18 ended February 28th, 2018. Total revenue for the quarter was $772 million, GAAP operating income was $132 million, GAAP net loss for the quarter was $13 million, and operating cash flow was $362 million. Total cash, cash equivalents, and investments as of February 28th, 2018, was $2.5 billion

On March 27th, 2018, research firm BMO Capital Markets reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $172 a share to $180 a share. Gain free access to the research report on RHT at: www.wallstequities.com/registration/?symbol=RHT

RingCentral

Belmont, California headquatered RingCentral Inc.'s stock ended yesterday's session 0.63% higher at $64.00. A total volume of 702,691 shares was traded, which was above their three months average volume of 663,860 shares. The Company's shares have surged 34.60% over the previous three months and 134.43% over the past year. The stock is trading 3.87% and 35.11% above its 50-day and 200-day moving averages, respectively. Additionally, shares of RingCentral, which provides software-as-a-service solutions for business communications and collaboration primarily in the US, have an RSI of 51.35.  



On April 02nd, 2018, RingCentral (RNG) announced that CRN®, a brand of The Channel Company, has given RNG a five-Star rating in its 2018 Partner Program Guide. This annual guide is the definitive listing of partner programs from technology vendors that provide products and services through the IT channel. Signing up today on Wall St. Equities will give you access to the latest report on RNG at: www.wallstequities.com/registration/?symbol=RNG

SAP SE


On Monday, shares in Walldorf, Germany headquartered SAP SE recorded a trading volume of 821,503 shares. The stock finished 1.72% higher at $107.17. The Company's shares have advanced 10.18% over the past year. The stock is trading above its 50-day moving average by 1.05%. Furthermore, shares of SAP, which operates as an enterprise application software, and analytics and business intelligence company worldwide, have an RSI of 56.86.  

On March 12th, 2018, research firm Evercore ISI upgraded the Company's stock rating from 'In-line' to 'Outperform'.

On April 05th, 2018, SAP announced that it has completed its acquisition of Callidus Software Inc., a market leader known for its lead to money applications, including sales performance management and configure-price-quote. These applications, marketed under the brand CallidusCloud®, will provide SAP and its customers a differentiated, cloud-based customer relationship management (CRM) solution, putting the Company in a leading position to compete in the US$46 billion CRM market. Register now for today's free coverage on SAP at: www.wallstequities.com/registration/?symbol=SAP

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