-
Why Arena Is Taking Center Stage Today
Tuesday, July 11, 2017 - 11:53am | 609Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) shares are on a roll on Tuesday, rising by about one-half on over 10 times their average volume. The stock is now trading at its highest level in nearly two years. For those keen to the know the reason behind the jump, here are the details. Catalyst...
-
Arena Upgraded, Analyst Sees 44% Upside
Friday, July 7, 2017 - 9:09am | 344With phase 2 results expected to be released in the near future, JMP analyst Jason Butler upgraded his rating on Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) to Market Outperform with a $27 price target. “We believe the stock’s current valuation under-appreciates the potential for...
-
Palo Alto Soars 15% On Thursday, But What Are Analysts Saying?
Thursday, June 1, 2017 - 2:17pm | 625Shares of Palo Alto Networks Inc (NYSE: PANW) gained more than 15 percent on Thursday after the company's fiscal third-quarter report handily exceeded expectations. Here is a summary of what some of Wall Street's most notable analysts are saying about Palo Alto's stock after the...
-
4 Reasons To Store Some Pure Storage In Your Portfolio
Thursday, May 25, 2017 - 3:27pm | 373Analysts at JMP Securities maintain a Market Outperform rating on Pure Storage Inc (NYSE: PSTG) with an unchanged $16 price target in reaction to the company's "strong" earnings report and encouraging guidance. Q1 In Review According to JMP's John Lucia, Pure Storage's $0.14 per share loss in the...
-
Analyst Undeterred: JMP Maintains Outperform Rating On Snap
Thursday, May 11, 2017 - 12:28pm | 446Undeterred by light DAU net additions and below-consensus first-quarter revenues reported by Snap Inc (NYSE: SNAP), JMP Securities maintains its Outperform rating on the shares of the company, with a $28 price target. User Engagement Encourages Analysts Ronald Josey, Andrew Boone and Shweta...
-
Pandora Pays A Premium For What It Hopes Will Be The Right Strategic Investor
Tuesday, May 9, 2017 - 8:53am | 385Shares of Pandora Media Inc (NYSE: P) were trading higher by nearly 4 percent early Tuesday morning in reaction to the company's mixed financial results. However, the company's earnings report was accompanied by the announcement of a $150 million investment from the private equity powerhouse KKR...
-
Facebook's Q1: Things To Like And Areas Of Concern
Thursday, May 4, 2017 - 11:18am | 379Facebook Inc (NASDAQ: FB)'s stock was trading lower by more than 1 percent ahead of Thursday's market open in reaction to the company's first-quarter earnings report out Wednesday afternoon. JMP Securities' Ronald Josey maintains a Market Outperform rating on Facebook's with a price target boosted...
-
3 Reasons Long-Term Nutanix Investors Remain Bullish
Friday, March 3, 2017 - 12:56pm | 210Nutanix Inc (NASDAQ: NTNX) shares are down after the company reported mixed results due to execution challenges as it focuses on larger enterprise accounts that would position the company for the long term. John Lucia of JMP Securities reiterated his Market Outperform rating on Nutanix shares,...
-
Sell-Side Views Pour In After Cisco's First Quarter
Thursday, November 17, 2016 - 4:47pm | 496Cisco Systems, Inc. (NASDAQ: CSCO) continues to be weighed down after a disappointing first-quarter earnings release where the company offered future guidance lower than analyst expectations. At time of writing, shares were down 5.04 percent at $29.98. Sell-side analysts had plenty to say about one...
-
Analysts Continue To Press 'Like' On Facebook
Friday, November 4, 2016 - 9:21am | 322A day after Facebook Inc (NASDAQ: FB) delivered strong third-quarter results and offered a soft outlook for the year 2017, different brokerages have come out with their opinions. However, there is not much change in the analysts’ perception, who continued to press the “like”...
-
JMP Reiterates $165 Price Target On Facebook Shares
Thursday, November 3, 2016 - 12:58pm | 343Facebook Inc (NASDAQ: FB) shares are trading down on concerns of slowdown in ad sales despite delivering better than expected results for the third quarter. JMP is ready to take advantage of any weakness about concerns for the next year. The firm reiterated its Market Perform rating and price...
-
Oracle Continues To Struggle, Despite Upbeat Commentary From Management
Saturday, September 17, 2016 - 10:11am | 205Oracle Corporation (NYSE: ORCL) posted Q1 EPS of $0.55 on revenue of $8.6 billion, missing the Street’s consensus by $0.03 and $100 million, respectively. On Friday, shares lost more than 4.7 percent. Among those weighing in was JMP Securities, which reiterated a Market Underperform...
-
JMP Securities: 2017 Consensus Estimates For First Solar Are Significantly Too High
Friday, September 16, 2016 - 2:41pm | 349JMP Securities sees the consensus estimates of $2.22 EPS on revenue of $2.97 billion on First Solar, Inc. (NASDAQ: FSLR) for the year 2017 as significantly too high. Conversely, analyst Joseph Osha expects the company to deliver GAAP EPS of $1.34 for the same period. Following its participation in...
-
JMP Highlights Several Reasons NetSuite's Takeout Price Could Increase
Tuesday, September 13, 2016 - 4:10pm | 345After placing NetSuite Inc (NYSE: N) shares under review on July 28, speculation of an offer price boost from Oracle Corporation (NYSE: ORCL) led JMP to take another, closer look at the stock. Analysts Patrick Walravens and Mathew Spencer of JMP maintain their Market Outperform rating on the stock...
-
JMP Reiterates Market Outperform Rating On Retrophin
Thursday, September 8, 2016 - 2:51pm | 367JMP has reiterated its Market Outperform rating on Retrophin Inc (NASDAQ: RTRX). The recently held expert call suggests recent DUET data for sparsentan are impressive, but JMP would like over a year's worth of data in order to see the full impact on disease progression. JMP hosted the call with...