Pacific Crest

In a research note Thursday, Pacific Crest offered investors a schedule of upcoming conferences and trade shows. Corporations often use these events as an opportunity to discuss their views on progress toward meeting company objectives. Below are a few notable events happening soon. July 10–...

Pacific Crest's Brent Bracelin recently attended Amazon.com, Inc. (NASDAQ: AMZN)'s Amazon Web Services (AWS) Summit and remained impressed with the company's ability to capitalize on the multi-year secular shift to cloud platforms. The event clearly showcased AWS's "sustaining momentum within large...

Pacific Crest has initiated coverage of various IT stocks including Accenture Plc (NYSE: ACN) and Cognizant Technology Solutions Corp (NASDAQ: CTSH), both at Overweight. The brokerage has also started coverage of: EPAM Systems Inc (NYSE: EPAM) at Overweight Luxoft Holding Inc (NYSE: LXFT) at Sector...

Barracuda Networks Inc (NYSE: CUDA) reported its FQ1 results ahead of expectations and announced the departure of its CFO. Pacific Crest’s Rob Owens maintained a Sector Weight rating on the company. The analyst commented that although 2H brings easier comps, there is lack of visibility into...

Pacific Crest’s Brad Erickson mentioned checks suggest the initial demand for Tesla Motors Inc (NASDAQ: TSLA)'s new, lower priced car has been robust, which could prove dilutive to the gross margin. Erickson maintains a Sector Weight rating on the company, while lowering the fair value from $...

Michael McConnell of Pacific Crest isn't bullish on Apple Inc. (NASDAQ: AAPL)'s iPhone 7 outlook, which prompted him to downgrade several names that take part in the company's supply chain. According to McConnell's discussions with multiple supply-chain partners in Asia, the iPhone 7 demand is...

Pacific Crest recommends buying Netflix, Inc. (NASDAQ: NFLX), as concerns over the streaming service missing its second-quarter domestic subscriber guidance "creates an attractive opportunity to purchase a business that is in the early stages of an unprecedented global expansion." Concerns May Open...

Pacific Crest reaffirmed its Overweight rating on Equinix Inc (NASDAQ: EQIX), saying it is a "must-own stock," as the company has potential to surpass its own financial objectives. Equinix is the largest provider of network-neutral colocation and interconnection service with approximately 145...

Pacific Crest recently highlighted for investors a series of conferences and trade shows. Related Link: What A Boring Week In The Markets Some notable entries on the list: 6/28–7/1: Red Hat Inc (NYSE: RHT)'s Red Hat Summit 7/10–1/14: Cisco Systems, Inc. (NASDAQ: CSCO)'s Cisco...

Following the early success of "Overwatch," after its May 24 launch, Pacific Crest’s Evan Wilson believes the consensus EPS expectations for Activision Blizzard, Inc. (NASDAQ: ATVI) for Q2 are conservative. Wilson maintains an Overweight rating on the company, with a price target of $43....

There’s no question that cloud services will be a multi-billion-dollar opportunity in the coming years. Unfortunately for Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), Amazon.com, Inc. (NASDAQ: AMZN) and Microsoft Corporation (NASDAQ: MSFT) were quick to pounce on the opportunity and have...

Tesla Motors Inc (NASDAQ: TSLA) has offered to acquire SolarCity Corp (NASDAQ: SCTY) in an all-stock deal that represents a 21-30 percent premium to the latter’s closing price on Tuesday. Pacific Crest’s Brad Erickson maintained a Sector Weight rating for Tesla, saying that the deal...

Roughly two years after the company launched its revolutionary WWE Network, Pacific Crest analyst Evan Wingren believes World Wrestling Entertainment, Inc. (NYSE: WWE) may be on the brink of turning a major corner in terms of earnings. Wingren believes WWE’s new business model provides the...

Pacific Crest still recommends Activision Blizzard, Inc. (NASDAQ: ATVI) as its top pick in the sector with the ongoing success of "Overwatch" and its position going forward. The brokerage still expects Activision to post upside to the consensus in the second quarter. Activision has been...

Pacific Crest has downgraded LinkedIn Corp (NYSE: LNKD) to Sector Weight following its agreed sale to Microsoft Corporation (NASDAQ: MSFT). Furthermore, the note said Criteo SA (ADR) (NASDAQ: CRTO) could be a takeover target. Related Link: Microsoft Is Betting On "Socializing The Productivity Suite...