-
Pacific Crest: 3D Systems Moving In Right Direction, But 'A Lot' Of Work Remains
Friday, February 26, 2016 - 10:57am | 240Read More...Pacific Crest’s Weston Twigg maintained a Sector Weight rating for 3D Systems Corporation (NYSE: DDD), after the company preannounced its 4Q results for the second time. 3D Systems reaffirmed Q4 revenue at approximately $183 million, while guiding to operating expenses of $90 million,...
-
Analyst On Palo Alto: '#Winning'
Friday, February 26, 2016 - 10:48am | 220Read More...Pacific Crest's Rob Owens maintained an Overweight rating on Palo Alto Networks Inc (NASDAQ: PANQ), with a price target of $190. Palo Alto continues to perform well with its platform solution finding favor with customers and driving meaningful market share gains. The company's shares trade at a...
-
HP Shares Fall On Continued PC, Printer Woes; Analysts Weigh In
Thursday, February 25, 2016 - 4:03pm | 399Read More...Shares of HP Inc (NYSE: HPQ) plunged as much as 8 percent Thursday, despite reporting inline results, after the company warned of "tough quarters ahead" amid continued pressures in PC and Printer units. PCs represented 62 percent of HP's revenue the first quarter, and printing...
-
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...
-
What Does The Street Think Of Fitbit Now?
Tuesday, February 23, 2016 - 6:23pm | 596Read More...Shares of Fitbit Inc (NYSE: FIT) have plunged more than 20 percent after the wearable device maker issued a weak outlook for the first quarter despite reporting better-than-expected earnings for the fourth quarter. Following the weak forecast, the stock faced a slew of downgrades from various...
-
Alphabet Is Upping Its Ad Game
Monday, February 22, 2016 - 4:17pm | 318Read More...Google parent Alphabet Inc (NASDAQ: GOOG) is ramping its ad business and the latest four ads move would help grow its paid clicks, according to Evan Wilson of Pacific Crest Securities. Alphabet has increased the number of desktop searches that have four ads on top, up from a previous maximum of...
-
An Outerwall Turnaround Would Be Unprecedented In The History Of Digital Media
Friday, February 19, 2016 - 11:27am | 258Read More...Pacific Crest’s Andy Hargreaves maintained an Underweight rating for Outerwall Inc (NASDAQ: OUTR), saying that he did not recommend investing in the shares even though the company may explore options to limit downside. Hargreaves believes that a stabilization in rental volume declines at...
-
NetApp In A '50-Year Storm'
Thursday, February 18, 2016 - 10:59am | 228Read More...Pacific Crest’s Brent Bracelin maintained a Sector-Weight rating for NetApp Inc. (NASDAQ: NTAP), while reducing the estimates to factor in a persistent revenue decline over the next 18 months. Analyst Brent Bracelin pointed out that there is increasing evidence that the IT industry is...
-
Long-Time Fitbit Bull Slashes Target, But Still Thinks Stock Could Double
Thursday, February 18, 2016 - 10:20am | 209Read More...Pacific Crest’s Brad Erickson maintained an Overweight rating for Fitbit Inc (NYSE: FIT), while reducing the price target from $47 to $31, citing an expected slowdown in the company’s performance in 2016. Market checks indicate that demand has stabilized at seasonally lower levels...
-
Rackspace Cut By Analysts On Poor Outlook, Strong Competition
Wednesday, February 17, 2016 - 12:19pm | 526Read More...Shares of Rackspace Hosting, Inc. (NYSE: RAX) touched a 52-week low after the cloud service company guided slower revenue growth for 2016 despite reporting better-than-expected fourth quarter results. The development led to a series of analyst downgrades on the stock, which fell 17 percent on...
-
Pacific Crest Downgrades Rackspace To Sector Weight; Disappointed With Guidance
Wednesday, February 17, 2016 - 10:45am | 296Read More...Rackspace Hosting, Inc. (NYSE: RAX) shares have plunged 63.65 percent over the past one year, touching a low of $16.76 on February 11. Michael Bowen of Pacific Crest has downgraded the rating on the company to Sector Perform. Bowen expects the absence of near-term growth catalysts within...
-
Wall Street Bulls Still Like Micron After Analyst Day
Tuesday, February 16, 2016 - 12:26pm | 592Read More...Following Micron Technology, Inc. (NASDAQ: MU)'s Analyst Day on February 12, analysts across the Street are weighing in on the semiconductor provider. With a series of upgrades already coming in, Micron has seen a significant increase on the day, after a long Presidents' Day weekend....
-
PacCrest Analysts Lower PC OEM Estimates En Masse
Wednesday, February 10, 2016 - 6:21pm | 268Read More...Pacific Crest Securities issued an industry note on the technology sector following a reduction to Notebook ODM forecasts. Analysts Brent Bracelin and Alyssa Johnson highlighted Advanced Micro Devices Inc. (NASDAQ: AMD), HP Inc. (NYSE: HPQ), Intel Corporation (NASDAQ: INTC) and Microsoft...
-
Analysts Hesitant After LinkedIn's Conservative Guidance; Shares Plummet More Than 42%
Friday, February 5, 2016 - 2:31pm | 718Read More...Analysts roundly panned LinkedIn Corp (NYSE: LNKD)'s 2016 outlook after the company lowered guidance in a fourth-quarter earnings report this week. The company also offered a surprise for investors in announcing it would merge the B2B marketing solution it purchased last year, Bizo, into an...
-
Despite Tableau Software's Crash, Pacific Crest Stills Sees Value In Stock
Friday, February 5, 2016 - 9:37am | 347Read More...Tableau Software Inc (NYSE: DATA) shares plunged 37 percent in after-market trading on February 4. Pacific Crest’s Brent Bracelin maintained an Overweight rating for the company, which reducing the price target from $138 to $93. Following the decline in Tableau Software’s...
