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HP Enterprise Offers Compelling Valuation; Jefferies Lifts Price Target To $27
Thursday, September 8, 2016 - 2:11pm | 285Citing compelling valuation, Jefferies maintains its Buy rating and raised the price target by $2.75 to $27 on Hewlett Packard Enterprise Co (NYSE: HPE), despite the company reporting "messy" third-quarter results. The company's third-quarter results included light revenue and a low-quality EPS...
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Jefferies Still Buying HP Inc Following Strong PC Sales
Thursday, August 25, 2016 - 7:49am | 337HP Inc (NYSE: HPQ) reported robust Q3 results, with share gains in the high-end PC market, while announcing weaker guidance due to its initiatives to push printing hardware, Jefferies’ James Kisner said in a report. He maintained a Buy rating on the company, while raising the price target...
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Jefferies On Hewlett Packard Enterprise: Acquisitions Unlikely, But Dividend Raise Possible
Tuesday, July 5, 2016 - 3:27pm | 687Jefferies said Hewlett Packard Enterprise Co (NYSE: HPE) may not do a "large or transformative acquisition" in the near term. However, the company could raise its dividend given its strong commitment to capital return and the relatively low dividend yield (about 1.2 percent). M&A Chatter Recent...
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HP Attempting To Lean Less On Promotional Pricing
Wednesday, June 22, 2016 - 1:59pm | 182Jeffrie's James Kisner maintains HP Inc (NYSE: HPQ) at Buy with a price target of $14.50. The reiteration came after HP saw Q3 adjusted EPS between $0.43–$0.46, higher than prior estimates of $0.39. Kisner was impressed with the company's change in sales strategy "towards lessened reliance on...
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UPDATE: Jefferies Lowers Price Target On IBM On Estimate Cuts
Monday, January 12, 2015 - 9:22am | 100In a report published Monday, Jefferies analyst James Kisner reiterated an Underperform rating on International Business Machines Corp. (NYSE: IBM), but lowered the price target from $144.00 to $130.00. In the report, Jefferies noted, “We are cutting our estimates driven by a continuing...
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Hewlett-Packard Considers Sale Of Its H3C Business
Monday, October 27, 2014 - 5:04pm | 114Shares of Hewlett-Packard Company (NYSE: HPQ) closed Monday’s session up 1.06 percent at $35.30 amid talks that the company is considering the sale of a majority stake of its networking business H3C. Hewlett-Packard values the company at roughly $5 billion, however, Jefferies analyst...
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Jefferies' Top IT Pick Is Western Digital, Sees Loser In IBM
Friday, October 10, 2014 - 1:40pm | 334Amid an aging infrastructure of business computing assets and the rise of so-called Big Data, an analyst launched coverage of computer hardware companies with a raft of mostly upbeat recommendations. Western Digital Corp (NASDAQ: WDC) got a "top pick" rating from Jeffries'...
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UPDATE: Jefferies Initiates Coverage On 'Top Pick' Western Digital
Friday, October 10, 2014 - 1:27pm | 246Jefferies initiated coverage on Western Digital Corp. (NASDAQ: WDC) with a Buy rating and $124 price target, and called it a "Top Pick." Analysts led by James Kisner named Western Digital their "Top Pick" in the IT Hardware space as they believed "the company will...
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UPDATE: Jefferies Initiates Coverage On Seagate Technology
Friday, October 10, 2014 - 12:34pm | 176Jefferies initiated coverage on Seagate Technology PLC (NASDAQ: STX) with a Buy rating and $70 price target. Analysts led by James Kisner expected "the company will benefit from: 1) robust storage growth in public and private clouds; 2) growth opportunities in flash-based storage via the...
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UPDATE: Jefferies Initiates Coverage On EMC
Friday, October 10, 2014 - 11:58am | 209Jefferies initiated coverage on EMC Corporation (NYSE: EMC) with a Buy rating and $37 price target in a report issued on Thursday. Analysts led by James Kisner saw "EMC benefiting from the most complete storage platform and cloud offering. EMC has a solid SSD offering with XtremIO, a VMAX...
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UPDATE: Jefferies Initiates Coverage On Hewlett-Packard
Friday, October 10, 2014 - 11:52am | 198Jefferies initiated coverage on Hewlett-Packard Company (NYSE: HPQ) with a Hold rating and $38 price target in a report issued on Thursday. Analysts led by James Kisner "like the strategic moves and innovation we’ve seen from the company since Meg Whitman was named CEO late 2011. In...
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UPDATE: Jefferies Initiates On IBM, Notes Company Faces Period Of Transition
Friday, October 10, 2014 - 11:42am | 173In a note dated October 9, Jefferies analyst James Kisner initiated coverage of International Business Machines Corp. (NYSE: IBM) with an Underperform rating and a $163 price target. Kisner commented, "We think IBM will continue to be a critically important IT company long-term due to its...
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UPDATE: Jefferies Initiates Coverage On NetApp
Friday, October 10, 2014 - 11:35am | 168In a note dated October 9, Jefferies analyst James Kisner initiated coverage of NetApp Inc. (NASDAQ: NTAP) with a Hold rating and a $45 price target. Kisner commented, "NetApp is not as well-positioned to address longer term cloud trends and is the most at risk to lose share to new...
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UPDATE: Jefferies Upgrades Finisar
Tuesday, February 11, 2014 - 3:09pm | 93In a note issued Tuesday, Jefferies CFA James Kisner upgraded Finisar (NASDAQ: FNSR) from Hold to Buy. Kinser paired this upgrade with a raise to the price target from $24 to $30. Kinser justified this adjustment stating, "Given our checks suggesting very strong demand trends in data center optics...
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UPDATE: Jefferies Initiates Coverage on Mellanox Technologies Awaiting Better Entry Point
Friday, December 6, 2013 - 9:19am | 103In a report published Friday, Jefferies analyst James Kisner initiated coverage on Mellanox Technologies (NASDAQ: MLNX) with a Hold rating and $40.00 price target. In the report, Jefferies noted, “We expect MLNX's superior Interconnect technology to be increasingly adopted as MLNX increases...