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Top Analyst Warns iPhone Sales Expectations Are 'Unrealistically High'
Thursday, September 17, 2015 - 10:24am | 325Read More...The share price of Apple Inc. (NASDAQ: AAPL) has declined 9.29 percent over the past six months. Pacific Crest’s Andy Hargreaves has maintained a Sector Weight rating on the company. With iPhone 6s demand seeming less “strong” than the demand for iPhone 6 had been,...
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Why These Analysts Bought Fitbit All Of A Sudden
Tuesday, September 15, 2015 - 8:51am | 301Read More...Shares of Fitbit Inc (NYSE: FIT) have risen 7.48 percent in the last three months. Pacific Crest’s Brad Erickson initiated coverage of Fitbit with an Overweight rating and price target of $47. With conservative margin expansion for a business that is growing rapidly and with...
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For LogMeIn, It's All About The Free Cash Flows
Friday, August 28, 2015 - 8:46am | 330Read More...The share price of LogMeIn, Inc. (NASDAQ: LOGM) has risen more than 49 percent over the past year, rising over 31 percent year-to-date. Ben McFadden of Pacific Crest Securities has upgraded LogMeln to Overweight, with a price target of $82. The upgrade reflects increased confidence in 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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How Rapid7 Could Rise Even More
Wednesday, August 19, 2015 - 11:44am | 271Read More...In a report published Wednesday, Pacific Crest analyst Rob Owens reiterated an Overweight rating and price target of $28 on Rapid7 Inc (NASDAQ: RPD). The company posted strong results for its first quarter as a publicly traded company, beating almost all estimates. "Given the strength...
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Silicon Motion Tech Is Down 38% In Two Months. Buy The Dip?
Monday, August 17, 2015 - 8:48am | 245Read More...In a report published Monday, Pacific Crest analyst Monika Garg upgraded the rating on Silicon Motion Technology Corp. (ADR) (NASDAQ: SIMO) to Outperform, with a price target of $32. The analyst expressed optimism regarding the company's growth opportunities in the client SSDs market....
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Has 3D Systems Hit A Bottom? The Street Weighs In
Friday, August 7, 2015 - 10:44am | 614Read More...Shares of 3D Systems Corporation (NYSE: DDD) closed at $13.60 on Thursday, roughly $2 higher than its 52-week low of $11.66 which was established earlier in the week. The question investors are now asking is if shares hit a bottom and can only rise from its deflated levels after the company...
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Why A10 Networks Could Double
Friday, July 31, 2015 - 10:29am | 400Read More...In a report published Friday, Pacific Crest analyst Brent Bracelin maintained an Overweight rating on A10 Networks Inc (NYSE: ATEN), while raising the price target from $10 to $11. The analyst believes that the stock valuation could double if the company achieves its growth turnaround....
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PacCrest's Weston Twigg Still Overweight On Lam Research After Earnings
Thursday, July 30, 2015 - 12:28pm | 360Read More...In a report published Thursday, Pacific Crest analyst Weston Twigg reiterated an Overweight rating and price target of $100 on Lam Research Corporation (NASDAQ: LRCX), on expectations that the company would continue to outperform. Twigg’s Perspective “We remain buyers of LRCX as...
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Pacific Crest Downgrades Baidu, Says Spending Could Rise And Monetization Could Be Low
Tuesday, July 28, 2015 - 7:41am | 193Read More...In a report published Tuesday, Pacific Crest analyst Cheng Cheng downgraded the rating on Baidu Inc (ADR) (NASDAQ: BIDU) to Sector Weight. The analyst believes that the transition to O2O is leading to margin and revenue growth headwinds. "O2O may be the better long-term course for Baidu,...
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Ads, Strategic Value Make Pandora A Buy With Near 100% Upside, Says Pacific Crest
Tuesday, July 21, 2015 - 9:33am | 308Read More...In a report published Tuesday, Pacific Crest analyst Andy Hargreaves maintained an Overweight rating and price target of $22 on Pandora Media Inc (NYSE: P), while recommending buying the stock, given that is has "substantial room for upside." The analyst believes that given that the...
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Why Pacific Crest Upgraded NetApp: Valuation
Wednesday, July 15, 2015 - 9:58am | 234Read More...In a report published Wednesday, Pacific Crest analyst Brent Bracelin upgraded the rating on NetApp, Inc. (NASDAQ: NTAP) from Underweight to Sector Weight, on valuation. The analyst believes that there is less than 6 percent downside to the stock. The company has been facing various challenges in...
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Pacific Crest Hikes Microsoft Estimates On Reporting Clarification, Sees $55 Upside
Tuesday, July 14, 2015 - 8:40am | 183Read More...In a report published Tuesday, Pacific Crest Securities analyst Brendan Barnicle maintained an Overweight rating on Microsoft Corporation (NASDAQ: MSFT), with a price target of $55. Microsoft announced that it would report pro forma results for FQ4 and guidance for FQ1 without including Nokia write...
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Criteo Now Worth $65/Share After Gaining Market Share, Pacific Crest Says
Wednesday, July 1, 2015 - 7:35am | 232Read More...In a report published Wednesday, Pacific Crest analyst Evan Wilson maintained an Overweight rating on Criteo SA (ADR) (NASDAQ: CRTO), while raising the price target from $55 to $65, following cookie checks that suggest that the company has gained market share. Cookie checks for Q2 suggest that "...
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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. "...
