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Pacific Crest Sees 'Large Upside' Potential At 2U Inc
Thursday, October 8, 2015 - 11:42am | 304Read More...Shares of 2U Inc (NASDAQ: TWOU) have gained more than 80 percent from a year ago. Ben McFadden of Pacific Crest maintained an Overweight rating and $38 price target ahead of the company's third quarter print. McFadden noted that momentum is still "high" and new programs are...
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Pacific Crest: Apple Guidance Will Be 'Well Below' Expectations
Tuesday, October 6, 2015 - 2:56pm | 407Read More...Pacific Crest believes that Apple Inc. (NASDAQ: AAPL)’s upcoming quarterly guidance will come in well below consensus expectations. The firm is calling for in-line earnings and revenue numbers from Apple for fiscal Q4. Analyst Andy Hargreaves sees limited downside to Apple’s share...
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GoPro Outlook Cut At Pacific Crest, Analysts See Seasonal 'Softness'
Tuesday, September 29, 2015 - 9:38am | 272Read More...GoPro Inc (NASDAQ: GPRO) shares have plunged 55 percent year-to-date, and are trading at the lower-end of their 52-week range of $29.62 - $98.47. Pacific Crest’s Brad Erickson maintained a Sector-Weight rating on the company. The estimates for the company have been reduced due to...
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5 Semiconductor Stocks To Love (And 6 To Worry About)
Monday, September 28, 2015 - 11:08am | 702Read More...Michael McConnell, Pacific Crest's semiconductor analyst, visited Asia to observe first-hand the state of the semiconductor market. McConnell noted he left "incrementally more positive" on fundamentals at five companies, and "incrementally more cautious" at an...
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Why Marvell Tapped Out
Friday, September 25, 2015 - 9:54am | 307Read More...Marvell Technology Group Ltd (NASDAQ: MRVL) shares are treading a downward path and have declined more than 37 percent year-to-date. Pacific Crest’s Michael McConnell maintained a Sector Weight rating on the company. Although the company’s mobile restructuring is expected to...
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PacCrest's Rob Owens Remains Overweight Barracuda Networks On Bounce-Back
Friday, September 25, 2015 - 8:29am | 335Read More...Barracuda Networks Inc (NYSE: CUDA) shares have lost 24 percent year-to-date, and are trading significantly below their 52-week high of $46.78. Pacific Crest's Rob Owens maintained an Overweight rating on the company, with a price target of $48. While shares have plunged after the...
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Cell Competition Heats Up: T-Mobile, Sprint Gaining On Verizon, AT&T
Tuesday, September 22, 2015 - 10:55am | 628Read More...Michael Bowen of Pacific Crest conducted traffic checks at wireless carriers stores. Bowen noted that traffic at Verizon Communications Inc. (NYSE: VZ) and AT&T Inc. (NYSE: T) is "slower thus far this month." Meanwhile, customer traffic trends are "positive" for T-...
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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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Cloud Midcap New Relic Could Grow 40% Or More Every Quarter
Monday, September 21, 2015 - 10:59am | 296Read More...New Relic Inc (NYSE: NEWR) shares have gained 19 percent in the last 3 months, and are currently hovering around the 52-week high of $39.89. Pacific Crest’s Rob Owens initiated coverage of the company with an Overweight rating and a price target of $47. The stock deserves a premium...
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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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Corporate Wellness Represents An 'Underappreciated Opportunity' For Fitbit
Thursday, September 17, 2015 - 3:38pm | 384Read More...Shares of Fitbit Inc (NYSE: FIT) were trading higher by nearly 4 percent on Thursday in reaction to a bullish research note from Pacific Crest. Analysts at Pacific Crest maintained an Overweight rating on the stock with an unchanged $47 price target. Analysts noted that corporate wellness "could...
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Analysts On Cybersecurity Co. Rapid7: It's 'Skating To Where The Puck Is Going To Be'
Monday, September 14, 2015 - 12:33pm | 243Read More...Rapid7 Inc (NASDAQ: RPD) shares are down 19 percent since they started trading on July 17 this year. Pacific Crest’s Rob Owens maintained an Overweight rating on the company, with a price target of $28. The company is benefiting from the multiple secular trends in the security...
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The Lesser-Known Way To Play Metal 3D Printing
Saturday, September 12, 2015 - 1:35pm | 372Read More...Shares of Materialise NV (ADR) (NASDAQ: MTLS) have lost more than 30 percent from a year ago. Weston Twigg of Pacific Crest maintained an Overweight rating and $11 price target on Materialise. Materialise has the "best exposure" to the metal 3D printing market. In a report published Thursday,...
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Why Apple's Presentation Fell Flat
Thursday, September 10, 2015 - 2:45pm | 766Read More...Shares of Apple Inc. (NASDAQ: AAPL) were higher by 2 percent Thursday morning. Apple's Wednesday presentation fell "flatter than the new iPad," according to Pacific Crest. Jefferies says Apple is in a "transition" phase. Shares of Apple Inc. traded lower immediately following its much...
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KeyBanc Goes Bullish On Pool Corp, Silver Spring Networks
Tuesday, September 8, 2015 - 4:43pm | 399Read More...Pool Corporation (NASDAQ: POOL) shares fell after the company announced a 2Q miss and lowered its guidance. Silver Spring Networks Inc (NYSE: SSNI) is down 6 percent over the past one month. Pacific Crest analysts upgraded the ratings on both the companies from Sector Weight to Overweight...
