Pacific Crest

Andy Hargreaves of Pacific Crest laid out the case for investors to hold an Overweight position in Apple Inc. (NASDAQ: AAPL), but hold a cautious view towards the companies that make up Apple's supply chain. Hargreaves noted that easing comps and increased replacement volumes should yield...

Pacific Crest has increased its 2017 estimates of Cavium Inc (NASDAQ: CAVM) following its completion of the QLogic acquisition. But, the brokerage expressed its concern over the deal, terming it as "reactive," despite acknowledging cost synergy opportunities from the acquisition. Cavium completed...

Last week, two of the giants of the tech world delivered big earnings beats, and several Wall Street firms took notice. Amazon.com, Inc. (NASDAQ: AMZN) reported Q2 EPS of $1.78 on revenue of $30.4 billion, topping consensus analyst expectations of $1.11 and $29.5 billion. Alphabet Inc (NASDAQ: GOOG...

Pacific Crest maintains its Overweight rating and $22 price target on World Wrestling Entertainment, Inc.(NYSE: WWE) and continues to recommend the shares for the company's ability to drive leverage from subscriber additions, strategic value and lack of secular media risks. Near-Term Catalysts "We...

Pacific Crest remains Sector Weight on GrubHub Inc (NYSE: GRUB) shares despite the online restaurant ordering platform reported a "great Q2," driven by strength in its delivery investments and technology enhancements. Revenue and adjusted EBITDA came in at $120.2 million and $37.6 million versus...

Pacific Crest maintains its Overweight rating on Comcast Corporation (NASDAQ: CMCSA) following the company's better-than-expected second-quarter results on strong subscriber trends. Quarterly Results For the second quarter, Comcast's total revenue of $19.3 billion topped Pacific Crest's and...

According to the report published Wednesday, Pacific Crest analysts (after attending the summit in Santa Clara) believe Amazon.com, Inc. (NASDAQ: AMZN)'s Amazon Web Services (AWS) continues to capitalize on the multiyear secular shift to cloud platforms. "While AWS remains a key enabler within the...

Pacific Crest raised Garmin Ltd. (NASDAQ: GRMN)'s EPS estimates to $2.32 from $2.27 for 2016 and to $2.38 from $2.27 for 2017. In the report published Wednesday, the analysts also raised their growth assumptions for the year to 13 percent from 8 percent for the outdoor sector and to 12.8 percent...

Pacific Crest said a sum of the parts analysis, or SOTP, of Alliance Data Systems Corporation (NYSE: ADS) supports its price target of $250, with 100 basis points of margin expansion would push it up to $263. The price target of $250 implies a potential upside of 19 percent over Wednesday's close,...

Pacific Crest's Andy Hargreaves commented on Netflix, Inc. (NASDAQ: NFLX) "conservative" subscriber estimates, previewing the company's earnings report expected to release on July 18, 2016. The analyst acknowledged that Netflix's U.S. business was slowing, while "current penetration levels [remain...