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Expert Sees A $25 Billion Cloud Windfall Coming For Amazon, Microsoft And Google
Thursday, February 4, 2016 - 11:12am | 414Read More...In a new report, Pacific Crest analyst Brent Bracelin discussed the huge opportunities in cloud computing and which stocks will be the beneficiaries. According to Bracelin, 2016 will be the beginning of the next major business cloud adoption cycle, and top 20 cloud capex could rise 21 percent this...
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Analyst Says Buy Vantiv; Sees Bull Case 'Uninhibited By The Macro'
Wednesday, February 3, 2016 - 8:42am | 286Read More...The share price of Vantiv Inc (NYSE: VNTV) has appreciated 33.41 percent over the past year, almost up to the 52 week high on December 1 at $52.84. Josh Beck of Pacific Crest has maintained an Overweight rating on the company, with a price target of $57. Beck expects the company to close...
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Tesla Warning? Estimates Cut En Masse At This Wall Street Firm, Next Catalyst Seen As Two Months Away
Tuesday, February 2, 2016 - 12:28pm | 460Read More...Tesla Motors Inc (NASDAQ: TSLA) shares have breached the $190 level after negative commentary from Pacific Crest circulated the Street on Tuesday morning. "We'd continue to avoid" the stock, analysts at the firm wrote, citing lagging demand, a ceiling in the Model S and long-term...
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Facebook Absolutely Crushed Earnings And The Street Is Loving It
Thursday, January 28, 2016 - 4:02pm | 342Read More...Facebook Inc (NASDAQ: FB) stock is up more than 15 percent on Thursday following a big earnings beat. The social media giant reported fourth quarter earnings of $0.79 per share versus estimates of $0.68, and revenue of $5.84 billion versus estimates of $5.37 billion. Here’s what Wall...
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PacCrest On Apple: Strong Pricing Suggest No Commoditization, Maintain $132 Target
Wednesday, January 27, 2016 - 1:44pm | 257Read More...Pacific Crest on Tuesday issued a company note on Apple Inc. (NASDAQ: AAPL) noting that Apple's strong pricing power suggests no evidence of commercialization with the company's products. The firm rates Apple as Overweight with a $132 price target. Analyst Andy Hargreaves wrote, "...
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Did Xilinx's Earnings Change Wall Street's Mind About The Stock?
Tuesday, January 26, 2016 - 3:15pm | 348Read More...Shares of Xilinx, Inc. (NASDAQ: XLNX) are up more than 12.5 percent this week following a big Q4 revenue beat. But should traders now be taking profits on Xilinx, or is there more upside in coming months? Here’s what top firms have to say about the stock now. Deutsche Bank Analyst Ross...
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Google X Labs Is Bigger Than Initially Thought
Tuesday, January 26, 2016 - 11:33am | 371Read More...Alphabet Inc (NASDAQ: GOOGL) shares came under pressure in the past month, and have lost 4 percent since December 27. Pacific Crest’s Evan Wilson maintained an Overweight rating for the company, with a price target of $850. Wilson mentioned the groups that would fall under the...
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What's Coming For Apple Earnings? Here's What Pacific Crest Thinks
Friday, January 22, 2016 - 3:42pm | 336Read More...Pacific Crest Securities' Andy Hargreaves and Evan Wingren released an earnings preview for Apple Inc. (NASDAQ: AAPL) on Thursday. Pacific Crest Securities recommended woua reiterated Overweight rating. On January 7, the firm issued a price target of $132. Looking at FQ1 earnings, the analysts see...
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'Sky Is Not Falling' For Cypress Semi; Analysts Recommend Opportunistic Buying
Friday, January 22, 2016 - 3:00pm | 226Read More...Cypress Semiconductor Corporation (NASDAQ: CY)'s recent selloff is "overdone," according to analysts from Pacific Crest Securities. Analysts John Vinh and Jun Wang see similar conditions for Cypress' peers, and their cash-flow analysis noted minimal risk to dividends. They rated Cypress Overweight...
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Is American Express' Post-Earnings Selloff Justified?
Friday, January 22, 2016 - 1:35pm | 357Read More...American Express Company (NYSE: AXP) stock was down more than 10 percent in early Friday trading after the company reported Q4 EPS that beat consensus expectations, but revenue that fell well short of what the market was looking for. Does the market have this one wrong, or does American Express...
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Netflix's Ratings On The Street May Be Mixed, But Consensus Sentiment Remains Positive Long Term
Thursday, January 21, 2016 - 11:05am | 1134Read More...Netflix, Inc. (NASDAQ: NFLX) updated its first-quarter earnings guidance on Tuesday. The company announced an EPS guidance of $0.03 for the period. The company's Q4 earnings declined compared to its fourth-quarter earnings results last year. Netflix has indicated its earnings fell to $29.74 million...
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Advanced Micro Devices Is Falling After Disappointing Guidance: Here's How Analysts Are Reacting
Wednesday, January 20, 2016 - 12:50pm | 305Read More...Advanced Micro Devices, Inc. (NASDAQ: AMD) announced its quarterly earnings results on Tuesday, reporting a $0.10 EPS for the quarter. Results were inline with expectations but first quarter guidance was below consensus. Analysts at Credit Suisse maintained an Underperform rating. "...
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Intel Q4 Earnings Preview
Thursday, January 14, 2016 - 3:30pm | 419Read More...Intel Corporation (NASDAQ: INTC) Q4 results are due after the close on Thursday. The Santa Clara, California-based chipmaker posted its last quarterly earnings of $0.64 per share for their fiscal period, which closed on September 30, 2015. Analysts have shared their previews this week on Intel's...
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Pacific Crest Cuts Qorvo On Apple, Samsung And China Doldrums
Friday, January 8, 2016 - 2:30pm | 436Read More...Qorvo Inc (NASDAQ: QRVO) received a Sector Weight rating from Pacific Crest Thursday after the company preannounced negative December-quarter revenue. The earnings preannouncement comes on the back of weaker-than-expected Apple Inc. (NASDAQ: AAPL)'s iPhone demand, suggesting weakness in China and...
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PacCrest Goes Against Apple, Cirrus Bears: iPhone 7 Noise-Cancelling Earbuds Huge Opportunity
Friday, January 8, 2016 - 10:43am | 302Read More...Having declined steadily since December 8, Cirrus Logic, Inc. (NASDAQ: CRUS) shares have lost 25 percent. Pacific Crest’s John Vinh upgraded the rating for the company to Overweight, with a price target of $40. Vinh cited the pullback in shares, reset in expectations and CES...
