Pacific Crest

Microsoft Corporation (NASDAQ: MSFT) announced a $950 million restructuring plan for its smartphone business. Pacific Crest’s Brendan Barnicle maintained an Overweight rating for the company, with a price target of $65. The analyst said the restructuring charges indicated are “...

Pacific Crest reiterated its Overweight rating on Xilinx, Inc. (NASDAQ: XLNX) after the company's analyst event strengthened its bullish stance on the stock. The brokerage also noted that Xilinx is taking share from Altera, which was bought by Intel Corporation (NASDAQ: INTC) last year. Altera...

Shares of F5 Networks, Inc. (NASDAQ: FFIV) were down more than 2 percent after Pacific Crest downgraded the stock to Sector Weight from Overweight amid cloud pressures. Apart from valuation, the brokerage said the "mix shift to subscription offerings" may partially offset a product recovery in the...

Reports from the Wall Street Journal indicate Amazon.com, Inc. (NASDAQ: AMZN) plans to launch private label food and additional household items over the next few weeks. Pacific Crest’s Edward Yruma maintained an Overweight rating for the company, with a price target of $800. The expected...

Pacific Crest analysts Daniel Baksht and Weston Twigg favor Veeco Instruments Inc. (NASDAQ: VECO) over Cree, Inc. (NASDAQ: CREE) in the LED sector. Both analysts believe they are "on the cusp of a positive inflection in the lighting industry." The two analysts also feel both companies have...

The Apple Inc. (NASDAQ: AAPL) iPhone 7 cycle may end up being softer than investors had hoped, and potential production cuts would certainly be bad news for iPhone suppliers. However, according to Pacific Crest analyst John Vinh, fears surrounding further production cuts are already priced into...

Pacific Crest says strong demand from Tesla led NVIDIA Corporation (NASDAQ: NVDA) to post solid quarterly results and guidance. Driven by a strong demand from datacenter and auto markets, the company's first quarter GAAP EPS of $0.33 was a penny better than the Street and Pacific Crest'...

LendingClub Corp (NYSE: LC) reported better-than-expected 1Q revenues, backed by pricing changes. The company’s performance missed slightly on originations, EBITDA and EBITDA margins. Pacific Crest’s Josh Beck downgraded the rating for the company to Sector Weight, citing credit and...

The market seems unenthused with Apple Inc. (NASDAQ: AAPL)'s quarterly results, as the stock is down more than 6 percent, but what do analysts have to say about the print? With sales guidance coming in below consensus expectations ($41-53 billion vs. $47 billion), gross margin outlook short...

The news just keeps getting worse for Twitter Inc (NYSE: TWTR) shareholders after the battered stock crashed another 15 percent on disappointing Q1 earnings. Twitter’s numbers were actually atypical this quarter, with the company reporting better-than-expected monthly active user (MAU)...

While there is optimism surrounding the drone launch by GoPro Inc (NASDAQ: GPRO), softness in the camera segment could be a downer. Pacific Crest’s Brad Erickson maintained a Sector Weight rating for the company, saying U.S. checks indicated GoPro’s days of inventory could be again...