Digital marketing services company Constant Contact is scrambling to reaccelerate growth as its stock rises after acquisitions by some of its industry’s leaders. Constant Contact (CTCT) stock is flirting with all-time highs despite slowing revenue growth. That’s after tech leaders Oracle (ORCL) and Salesforce.com (CRM) bought into its market. Constant Contact has not been tied specifically to any takeover rumors, but the possibility hovers in the
Microsoft (MSFT) stands a good chance of building its Azure cloud computing business into 10% of revenue by 2017, despite formidable competition from Amazon.com (AMZN), IBM (IBM), Salesforce (CRM) and others, says Barclays, which upgraded the stock to overweight on Friday. Microsoft stock was up more than 1% in morning trading in the stock market today, near 36. Barclays analyst Raimo Lenschow raised his price target to 42 from 35. “Investor focus
Global spending on information technology is expected to rise 3.1% to $3.8 trillion in 2014, up from growth of just 0.4% last year, research firm Gartner said Monday. The enterprise software group is expected to show the fastest growth, with sales rising 6.8% to $320 billion, a plus for industry leaders that include Oracle (ORCL) and Salesforce.com (CRM). The increased spending on enterprise software is coming partly from the growth in Big Data, a