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Pacific Crest Remains Overweight Microsoft Amid $950 Million Restructuring
Thursday, May 26, 2016 - 8:16am | 227Read More...Microsoft Corporation (NASDAQ: MSFT) announced a $950 million restructuring plan for its smartphone business. Pacific Crest’s Brendan Barnicle maintained an Overweight rating for the company, with a price target of $65. The analyst said the restructuring charges indicated are “...
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PacCrest Taking 'Money Off The Table' At Workday
Monday, April 25, 2016 - 11:11am | 302Read More...Workday Inc (NYSE: WDAY) shares have been on an upswing since February. Pacific Crest’s Brendan Barnicle downgraded the rating for the company from Overweight to Sector Weight, citing the stock as among “the most expensive names in SaaS.” Workday’s shares have gained 57...
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Shopify Shares Upgraded By Pacific Crest Following Massive Correction
Tuesday, March 8, 2016 - 9:55am | 264Read More...Pacific Crest’s Brendan Barnicle upgraded the rating on Shopify Inc (NYSE: SHOP) to Overweight, with a price target of $35. Increased Confidence in Shopify “After hosting Shopify's management on an NDR two weeks ago and hearing about the strong momentum in SMB SaaS at our...
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Five9 Shares Climb After Q4 Results, Outlook Top Street View
Wednesday, February 24, 2016 - 4:26pm | 514Read More...Shares of Five9 Inc (NASDAQ: FIVN) surged 10 percent after the provider of cloud software for contact centers reported better-than-expected results for the fourth quarter. The company's revenue outlook for the first quarter and full year also topped Street view. The company reported a loss...
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How To Trade The Cloud In 2016
Thursday, January 7, 2016 - 10:51am | 339Read More...KeyBanc analyst Brendan Barnicle believes 2016 will be another strong year for leading enterprise software stocks. While the large capital expenditure required to compete in the professional cloud space will likely limit competition to the major players already involved, Barnicle believes there...
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PacCrest Lowers Microsoft Estimates, But Considers It Best-Positioned To Transition To The Cloud
Tuesday, December 22, 2015 - 9:44am | 290Read More...Shares of Microsoft Corporation (NASDAQ: MSFT) have appreciated 24.3 percent over the past three months, almost touching their 52-week high on December 16 at $56.13. Brendan Barnicle of Pacific Crest has maintained an Overweight rating on the company, with a price target of $65. The...
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Mindbody Has 30% Upside: Pacific Crest
Friday, December 18, 2015 - 11:01am | 295Read More...The share price of MINDBODY Inc (NASDAQ: MB) has appreciated 27.6 percent over the past six months, almost touching its 52-week high on November 23 at $18. Brendan Barnicle of Pacific Crest has reiterated an Overweight rating and price target of $19 on the company. Barnicle believes that...
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Pacific Crest Concerned About Oracle's Financial Model Following Channel Checks
Wednesday, December 9, 2015 - 10:16am | 261Read More...Pacific Crest Securities issued a report on Oracle Corporation (NYSE: ORCL) highlighting the company after checks showed Oracle is gaining traction in the cloud. Currently, Pacific Crest rates Oracle as Sector-Weight while a price target is unavailable. Brendan Barnicle and Trevor Upton, analysts...
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Why Pacific Crest Just Downgraded Oracle Stock
Monday, October 19, 2015 - 2:20pm | 294Read More...Oracle Corporation (NYSE: ORCL) shares have plummeted 9 percent from a high of above $40 on July 20. Pacific Crest’s Brendan Barnicle downgraded the rating on the company to Sector Weight. A transition year has begun for the company, and there could be increased volatility in its...
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Microsoft Sales 'In Line' With Expectations, PacCrest Says
Friday, September 25, 2015 - 10:24am | 239Read More...Microsoft Corporation (NASDAQ: MSFT) shares have soared almost 10 percent over the past month. Pacific Crest’s Brendan Barnicle has maintained an Overweight rating on the company, with a price target of $55. Despite checks suggesting that customer demand for Windows 10 has been...
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Pacific Crest Has 'Increased Confidence' In Microsoft's Revenue Outlook
Tuesday, September 22, 2015 - 10:07am | 359Read More...The most recent reseller channel checks indicate that Microsoft is positioned for a strong quarter. Relative strength in Azure and Office 365 have laid the groundwork for a revenue beat from Microsoft. Pacific Crest is remains bullish on Microsoft’s stock. Pacific Crest analyst...
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Market May Be Overreacting To Shopify's Amazon Integration
Friday, September 18, 2015 - 10:47am | 355Read More...Shopify Inc (NYSE: SHOP) shares have appreciated 39 percent year-to-date, despite remaining below $30 for over the month, before breaching this mark on September 17. Pacific Crest’s Brendan Barnicle maintained a Sector Weight rating on the company. There is lack of clarity into the...
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How The Big Boys Are Playing Salesforce After Earnings
Friday, August 21, 2015 - 1:28pm | 909Read More...Shares of salesforce.com, inc. (NYSE: CRM) were volatile during Thursday's after-market trading session following the company's second-quarter report. Shares initially traded lower to $65.90 before rebounding. The stock opened at $69.00 on Friday and saw buying momentum right after the opening bell...
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Street Estimates For Microsoft Windows 10 'Still Too High,' PacCrest Says
Wednesday, July 1, 2015 - 7:33am | 249Read More...In a report published Wednesday, Pacific Crest analyst Brendan Barnicle maintained an Overweight rating and $55 price target on Microsoft Corporation (NASDAQ: MSFT). The analyst expressed concern regarding the consensus projection not accounting for the new Windows 10 revenue recognition policy. "...
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Pacific Crest Downgrades Bazaarvoice, Calls Quarterly Results 'Mildly Disappointing'
Thursday, June 11, 2015 - 9:21am | 197Read More...In a report published Thursday, Pacific Crest analyst Brendan Barnicle downgraded the rating on Bazaarvoice, Inc. (NASDAQ: BV) to Sector Weight, following the company's "mildly disappointing" FQ4 results and the reduced profitability guidance for FY2016. For FQ4, Bazaarvoice posted its revenue and...
