Tech, Media & Telecom Roundup: Market Talk

The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0533 GMT – There is little upside potential for SAP’s first-and-second quarter figures this year, though top-line growth and margin expansion in its cloud business could drive a re-rating in shares in the second half, Berenberg’s Nay Soe Naing writes in a note to clients. “In our view, there is little upside potential for SAP’s 1Q and 2Q numbers this year. This is because comparatives will be tough and currently restricted customer IT spending—due to macro backdrops—will likely last until 2H,” Naing says. (mauro.orru@wsj.com; @MauroOrru94)