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More Upside For Netflix Stock? Wall Street Reacts To 'Surprise' Global Announcement
Thursday, January 7, 2016 - 1:00pm | 377Read More...Netflix, Inc. (NASDAQ: NFLX)'s stock has surged during the past two trading sessions after the company announced that it is now live in 130 new countries, including major markets India and Russia. Shares traded recently at $118.82. Here's what seven Wall Street firms have to say about...
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What Fitbit, Ambarella And Mobileye Had In Common At CES
Thursday, January 7, 2016 - 11:46am | 345Read More...Pacific Crest analyst Brad Erickson had the chance to meet with management from Fitbit Inc (NYSE: FIT), Ambarella Inc (NASDAQ: AMBA) and Mobileye NV (NYSE: MBLY) this week at the CES conference in Las Vegas. Here’s a look at the key takeaways from those meetings. Fitbit CEO Bill Zerella...
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Will 3D Printers Rebound After CES?
Thursday, January 7, 2016 - 11:34am | 253Read More...After attending the first few days of CES in Las Vegas, Pacific Crest analyst Weston Twigg is not convinced that 3D printing stocks are ready for a rebound just yet. According to Twigg, there is plenty of innovation in the 3D printing business, but that’s not enough do boost share prices...
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Western Digital-SanDisk Combo Is This Analyst's 'Best' Idea For 2016
Thursday, January 7, 2016 - 8:45am | 312Read More...Declining steadily since October 7, shares of Western Digital Corp (NASDAQ: WDC) have lost 29 percent over three months. Pacific Crest’s Monika Garg maintained an Overweight rating on the company, with a price target of $100. The combination of Western Digital and SanDisk...
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Outerwall's Fair Value Is Just $26 Per Share, Says Pacific Crest
Wednesday, January 6, 2016 - 5:33pm | 308Read More...Outerwall Inc (NASDAQ: OUTR) rental volume is likely to continue declining, which may derive an increased evidence of negative operating leverage, according to analysts at Pacific Crest. Pacific Crest issued an Underweight rating with an estimated current fair value at just $26 per share for...
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Analytics Pair Trade? Pacific Crest Loves Silver Spring, Downgrades Qlik
Wednesday, January 6, 2016 - 4:22pm | 330Read More...Analytics is expected to be in high demand in 2016. Silver Spring Networks Inc (NYSE: SSNI) is a vertical analytics and IoT pure-play that has 85 percent upside to Pacific Crest's $26 bull-case target. The firm reaffirmed a Buy rating and issued a 12-month price target of $17 on Silver...
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Analysts At Odds With Market Over Fitbit
Wednesday, January 6, 2016 - 3:47pm | 367Read More...With the company set to release its Q4 earnings on February 1, Fitbit Inc (NYSE: FIT) shares have plummeted since the launch of its new Blaze product. Clearly, the market is punishing Fitbit’s stock, but you wouldn’t know it by reading what analysts have to say. Here’s how several...
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PacCrest Sees Good Year For Service Cloud Stocks, Highlights LogMeIn
Tuesday, January 5, 2016 - 1:08pm | 227Read More...Pacific Crest recently issued a company update on LogMeln Inc (NASDAQ: LOGM) as the company has had solid product execution and looks to be in a good position to take advantage of Service Cloud growth. Pacific Crest rates LogMeln at Overweight with an $86 price target. Analyst Ben McFadden...
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Netflix, Fox, AMC And Time Warner Are This Analyst's Top Network Picks For 2016
Monday, January 4, 2016 - 1:32pm | 340Read More...In a new report, Pacific Crest analyst Andy Hargreaves named the firm's top network stock picks for 2016. Overall, Pacific Crest sees 2016 as a strong year for networks. Solid Fundamentals Without any major disruptions to fundamentals coming in 2016, Hargreaves predicts that low market...
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Pacific Crest On Why The CPQ Market Is Heating Up
Tuesday, December 29, 2015 - 10:32am | 313Read More...PROS Holdings, Inc. (NYSE: PRO) shares are down 6 percent since November 30, while shares of salesforce.com, inc. (NYSE: CRM) lost 2 percent over the same period. Pacific Crest’s Ben McFadden mentioned that strong demand for CPQ, as evidenced by the acquisition of SteelBrick by...
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Activision Blizzard Is The Big Holiday Winner In Video Games; GameStop Is The Loser
Tuesday, December 29, 2015 - 9:50am | 624Read More...Activision Blizzard, Inc. (NASDAQ: ATVI) shares have gained 5 percent in the last one month, while shares of GameStop Corp. (NYSE: GME) are down 21 percent. Pacific Crest’s Evan Wilson maintained an Overweight rating on Activision Blizzard and a Sector Weight rating on GameStop....
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Micron Stock Whiffs...Are Analysts Jumping Ship?
Wednesday, December 23, 2015 - 10:55am | 818Read More...Micron Technology, Inc. (NASDAQ: MU) shares have been on a downward trajectory in 2015, and have lost 58 percent year-to-date. Several analysts reduced their estimates and price targets for the company. The analysts expressed concern over the company’s disappointing guidance, amid...
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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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Why Fitbit Shares Are 'Exploding'
Monday, December 21, 2015 - 4:37pm | 339Read More...Fitbit Inc (NYSE: FIT)'s holiday sales are exploding. Analysts at Pacific Crest Securities say they "would be buyers" of the stock because of pessimistic sentiment, CES coming up and continuing trends in the corporate wellness market. Shares of Fitbit are up more than 4 percent on...
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Wall Street Backs Red Hat
Friday, December 18, 2015 - 11:12am | 604Read More...Red Hat Inc (NYSE: RHT) shares have been on an upturn through 2015, and have gained 20 percent year-to-date. Drexel Hamilton and Deutsche Bank analysts have Buy ratings on the company, while Pacific Crest maintained a Sector Weight rating. Red Hat reported large deals and exhibited solid...
