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PROS Holdings May Be One Of The More Interesting Opportunities In Business Services Software
Thursday, June 29, 2017 - 11:09am | 341Read More...Pacific Crest said PROS Holdings, Inc. (NYSE: PRO) is one of the more interesting opportunities in its space, given an improving model and 40 percent, plus medium-term subscription growth opportunity. Analysts Ben McFadden and Clarke Jeffries touted the company as an attractive investment...
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VMware Looks Strong In Q4 Print; Investors Look For Next Catalyst
Friday, January 27, 2017 - 3:29pm | 376Read More...Shares of VMware, Inc. (NYSE: VMW) hit a new 52-week high of $89.50 on Friday after the company reported its fourth-quarter results, which one analyst described as being one of its best quarters in years. Very Healthy Quarter According to Ben McFadden of Pacific Crest, VMWare's quarter was "very...
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Apigee Is A Good Strategic Fit For Google, Says Pacific Crest
Thursday, September 15, 2016 - 11:09am | 258Read More...Pacific Crest says Apigee Corp (NASDAQ: APIC) is a good strategic fit for Google given the search giant's emphasis on building up its enterprise cloud offerings. Google will buy Apigee, an API provider, for $17.40 per share in cash, for a total value of approximately $625 million. The...
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Red Hat's Massive Opportunity In Hybrid Cloud
Friday, July 1, 2016 - 8:52am | 296Read More...Red Hat Inc (NYSE: RHT) has raised its estimate regarding the total addressable market (TAM) for hybrid cloud to $69 million by F2019. Pacific Crest’s Ben McFadden maintains an Overweight rating on the company, with a price target of $88. Hybrid Cloud McFadden mentioned, “Linux...
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PacCrest's McFadden Hikes Red Hat To Overweight On Enterprise Cloud Potential
Thursday, April 14, 2016 - 10:41am | 234Read More...Red Hat Inc (NYSE: RHT) has been winning large deals, and is well positioned for Enterprise Cloud. Pacific Crest’s Ben McFadden upgraded the rating for the company to Overweight, while maintaining a price target of $88. Core Value Proposition Well Positioned For Cloud Red Hat’s...
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PacCrest Sees Good Year For Service Cloud Stocks, Highlights LogMeIn
Tuesday, January 5, 2016 - 1:08pm | 227Read More...Pacific Crest recently issued a company update on LogMeln Inc (NASDAQ: LOGM) as the company has had solid product execution and looks to be in a good position to take advantage of Service Cloud growth. Pacific Crest rates LogMeln at Overweight with an $86 price target. Analyst Ben McFadden...
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Pacific Crest On Why The CPQ Market Is Heating Up
Tuesday, December 29, 2015 - 10:32am | 313Read More...PROS Holdings, Inc. (NYSE: PRO) shares are down 6 percent since November 30, while shares of salesforce.com, inc. (NYSE: CRM) lost 2 percent over the same period. Pacific Crest’s Ben McFadden mentioned that strong demand for CPQ, as evidenced by the acquisition of SteelBrick by...
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Wall Street Backs Red Hat
Friday, December 18, 2015 - 11:12am | 604Read More...Red Hat Inc (NYSE: RHT) shares have been on an upturn through 2015, and have gained 20 percent year-to-date. Drexel Hamilton and Deutsche Bank analysts have Buy ratings on the company, while Pacific Crest maintained a Sector Weight rating. Red Hat reported large deals and exhibited solid...
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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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For LogMeIn, It's All About The Free Cash Flows
Friday, August 28, 2015 - 8:46am | 330Read More...The share price of LogMeIn, Inc. (NASDAQ: LOGM) has risen more than 49 percent over the past year, rising over 31 percent year-to-date. Ben McFadden of Pacific Crest Securities has upgraded LogMeln to Overweight, with a price target of $82. The upgrade reflects increased confidence in the...
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UPDATE: Pacific Crest Securities Initiates Coverage On 2U
Friday, October 10, 2014 - 2:24pm | 215Read More...Pacific Crest Securities initiated coverage on 2U Inc (NASDAQ: TWOU) with an Outperform rating and $20 price target. Analyst Ben McFadden praised the company's "best-in-class monetization and strong graduation rates" which have made "2U the premium name in online education....
