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Ascendiant's Acree Upgrades Intel, Says PC Weakness 'Factored In'
Thursday, July 16, 2015 - 1:07pm | 283Intel Corporation (NASDAQ: INTC) reported stronger-than-expected second quarter results after Wednesday's market close. In a report, Ascendiant Capital Markets analysts Cody G. Acree and David N. Williams upgraded shares of the company to hold as PC weakness looks already factored in...
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Intel Cuts Guidance And Wall Street Cuts Price Targets
Friday, March 13, 2015 - 12:52pm | 432Intel Corporation (NASDAQ: INTC) on Thursday reduced its Q1 revenue estimates by nearly $1 billion. Analysts were quick to weigh in on this unexpected adjustment. Ascendiant, one of the few firms not satisfied with Intel's performance up until this point, reiterated its Sell rating, as well...
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Analysts: Skyworks Solutions Sees New Markets
Friday, November 7, 2014 - 2:10pm | 311Skyworks Solutions Inc's (NASDAQ: SWKS) growing opportunity in the so-called Internet of Things may help it smooth out seasonal bumps in its core business of supplying the handset industry, an analyst said Friday. The semiconductor company posted a 51 percent revenue gain Thursday but...
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UPDATE: Ascendiant Upgrades InvenSense
Wednesday, July 30, 2014 - 11:45am | 101In a report released Wednesday, Ascendiant analyst Cody Acree upgraded InvenSense (NYSE: INVN) to Buy. Ascendiant has a $29.00 price target on the company. Analysts at Ascendiant have high anticipations for InvenSense with its conducted business on Apple's iPhone 6 and wearables, as well as...
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UPDATE: Ascendiant Downgrades Dreamworks Animation
Monday, July 21, 2014 - 1:48pm | 143In a report released Monday, Ascendiant analyst Marla Backer downgrades Dreamworks Animation (NASDAQ: DWA) from Buy to Hold. Analysts at Ascendiant were disappointed with the performance of How To Train Your Dragon 2, as it came below consensus expectations in box office by grossing only $161...
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UPDATE: Ascendiant Initiates Coverage on MGM Resorts
Friday, March 7, 2014 - 11:43am | 189In Friday morning's reports, Ascendiant Capital Markets analyst Jeffrey Logsdon announces initiation of coverage on MGM Resorts International (NYSE: MGM) with a Buy rating and a price target of $33. The report highlights the optimism on MGM stating that the company offers the best play in the Las...
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UPDATE: Ascendiant Initiates Synthetic Biologics at Buy on Significant Upside
Tuesday, June 25, 2013 - 9:33am | 188In a report published on Tuesday, Ascendiant analyst Keay Nakae initiated coverage on Synthetic Biologics (NYSE: SYN) with a Buy rating and $2.25 price target. In the report Ascendiant commented, "The Company has an exclusive channel collaboration with privately held Intrexon Corporation, which...
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UPDATE: Ascendiant Raises PT on Urban Outfitters on Q1 Results
Tuesday, May 21, 2013 - 10:54am | 128In a report published on Tuesday, Ascendiant analyst Elizabeth Pierce raised the price target on Urban Outfitters (NASDAQ: URBN) from $47.00 to $50.00 and maintained a Buy rating. In the report, Ascendiant noted, "Total sales increased 14% to $648 million while total comparable retail segment (...
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UPDATE: Ascendiant Raises PT on Travelzoo on Optimistic Management View
Tuesday, May 21, 2013 - 10:40am | 115In a report published on Tuesday, Ascendiant analyst Edward Woo raised the price target on Travelzoo (NASDAQ: TZOO) from $26.00 to $32.00 and reiterated a Neutral rating. In the report, Ascendiant noted, "The strength in its core travel product bodes well for steady improvement in 2013. As core...
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UPDATE: Ascendiant Raises PT on LeapFrog Enterprises from $13 to $15
Thursday, August 2, 2012 - 9:35am | 108Ascendiant reiterated a Strong Buy rating on LeapFrog Enterprises (NYSE: LF) and increased its price target from $13 to $15. Ascendiant wrote, “LeapFrog reported Q2 results that were much better than expectations. Revenue was up 31% as the LeapPad had continued strong sales and from continued...
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Tinkering Around; Mattel & Hasbro Taken Out by the Tot Tablet
Wednesday, April 11, 2012 - 11:37am | 560It has certainly been a bumpy quarter for toy companies across the nation. As Hasbro (NASDAQ: HAS) worked furiously to sell out its excess inventory, Mattel (NASDAQ: MAT) was in the midst of completing a costly acquisition. As 1Q12 comes to a close, these rivalries are striving to leap ahead of the...
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UPDATE: Ascendiant Initiates Coverage on Repros Therapeutics
Tuesday, April 10, 2012 - 8:19am | 89According to a research report published this morning, Ascendiant has initiated Repros Therapeutics (NASDAQ: RPRX) with a Strong Buy rating and $6 PT. Ascendiant commented in the report, “In our opinion, there is upside to RPRX relative to the current price. Our 12-month price target of $6.00...
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Ascendiant: Groupon's Rich Valuation Unjustified
Monday, April 2, 2012 - 7:23am | 106In a research report published earlier today, Ascendiant commented on Groupon (NASDAQ: GRPN) lowering its previously reported Q4 results. According to Ascendiant, “In our view, the Q4 restatement and weakness in controls are likely to bolster the pervasive skepticism as to the company's valuation...
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UPDATE: Ascendiant Initiates Coverage on GameStop
Wednesday, March 21, 2012 - 2:58pm | 88According to a research report published earlier today, Ascendiant has initiated GameStop Corp. (NYSE: GME) with a Buy rating and $30 PT. Ascendiant commented in the report, “GameStop will report its Q4 FY11 results on March 22, 2012. We expect GameStop will report Q4 results in line with our and...