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Recent Decline In Gigamon Shares Leads D.A. Davidson To Upgrade
Friday, December 9, 2016 - 11:07am | 319Read More...Shares of Gigamon Inc (NYSE: GIMO) have declined by over 11 percent since October. Investors may have responded to management commentary on the partnership with AWS not generating revenue Gigamon until at least 2018, D.A. Davidson’s Mark Kelleher said in a report. Analyst Kelleher upgraded...
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DA Davidson Upgrades Super Micro Computer Despite Tough Comps
Wednesday, November 30, 2016 - 10:19am | 335Read More...D.A. Davidson upgraded Super Micro Computer, Inc. (NASDAQ: SMCI) to Buy from Neutral on margin benefits from success of server sales outside the Internet Data Center vertical, while the company is set to deliver a seasonally strong quarter in December. The bullish thesis is also based on growth...
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How Barracuda Networks Blew Away Its Q2 Earnings Guidance
Wednesday, October 12, 2016 - 10:04am | 556Read More...Mark Kelleher of D.A. Davidson reiterated his Underperform rating on Barracuda Networks Inc (NYSE: CUDA) despite company reporting solid second-quarter results on increased traction of its Microsoft Corporation (NASDAQ: MSFT) Office 365 essentials product. Q2 Results Barracuda Networks’...
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Keep Your Eye On The Big Picture As Barracuda Networks Prepares To Report Its Q2 Performance
Wednesday, October 5, 2016 - 12:53pm | 328Read More...Barracuda Networks Inc (NYSE: CUDA) is set to report second quarter numbers after the market close on October 11, and D.A. Davidson sees earnings a penny above consensus and guidance. D.A. Davidson expects earnings of $0.14, above consensus' $0.13 estimate and company guidance of $0.12-$0....
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Brocade Communications Wins New Buy Rating From DA Davidson
Tuesday, October 4, 2016 - 10:32am | 255Read More...D.A. Davidson sees multiple growth drivers propelling meaningful revenue and earnings upside for Brocade Communications Systems, Inc. (NASDAQ: BRCD) over the next several years. The brokerage initiated coverage of the stock with a Buy rating and price target of $12, implying a potential upside...
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D.A. Davidson Reiterates Underperform Rating On Infoblox Ahead Of Q4 Results
Thursday, August 25, 2016 - 2:22pm | 268Read More...D.A. Davidson reiterated its Underperform rating on Infoblox Inc (NYSE: BLOX) and expects an in–line earnings when the company reports its fourth quarter results on August 31. The brokerage expects earnings of $0.07 in line with consensus estimate and projects revenue of $85.5 million...
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D.A. Davidson On NetApp: Maintains Buy Despite Projecting Q1 EPS, Revenue Below Consensus
Monday, August 15, 2016 - 1:28pm | 374Read More...D.A. Davidson expects NetApp Inc. (NASDAQ: NTAP)'s earnings and revenues below consensus, as the company reports its first-quarter results on August 17. However, the brokerage maintains its Buy rating on the stock, saying NetApp offers an attractive value investment opportunity. Expectations And...
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D.A. Davidson Downgrades Barracuda Networks As Shares Surpass Price Target
Friday, August 12, 2016 - 9:13am | 238Read More...D.A. Davidson downgraded Barracuda Networks Inc (NYSE: CUDA) to Underperform from Neutral with a 12-month price target of $19.50 (up from $17), given the 42 percent upside in shares since reporting first quarter earnings. The brokerage said the company's organic growth rate is clearly...
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D.A. Davidson Says Cavium Got QLogic For A Fair Price
Friday, June 17, 2016 - 3:55pm | 331Read More...D.A. Davidson analyst Mark Kelleher thinks Cavium Inc (NASDAQ: CAVM) acquired QLogic Corporation (NASDAQ: QLGC) for a fair price. On Thursday, the companies disclosed a deal whereby QLogic would be purchased for $15.50 a share comprising $11 a share in cash and 0.098 of a Cavium share worth about $...
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Will NetApp Feel Pressure Moving Forward? D.A. Davidson Thinks So
Thursday, May 26, 2016 - 11:42am | 311Read More...Given that NetApp Inc. (NASDAQ: NTAP) reported its Q4 results below expectations, with forward guidance below the consensus and the estimates, D.A. Davidson’s Mark Kelleher believes the stock is likely to be pressured going forward. Kelleher reiterated a Buy rating on the company, while...
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DA Davidson Reviews NetApp's Q4: 'Transition To Growth Continues'
Thursday, May 26, 2016 - 9:53am | 238Read More...NetApp Inc. (NASDAQ: NTAP) reported its F4Q results and announced F1Q guidance below expectations. DA Davidson’s Mark Kelleher maintained a Buy rating for the company, while reducing the price target to $35. NetApp reported its April quarter revenue at $1,380.0 mm, missing the DA Davidson...
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DA Davidson Previews Nimble Storage Q1 Earnings: Warns Of 'Highly Competitive Storage System Market'
Tuesday, May 24, 2016 - 3:11pm | 234Read More...DA Davidson expects Nimble Storage Inc (NYSE: NMBL) to report a non-GAAP loss of $0.24 when the company reports its first-quarter results after the market close on May 24. Analyst Mark Kelleher sees revenue of $86 million, representing an increase of 26 percent from last year. Region-wise, the...
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Infoblox Looks Overvalued, Leading DA Davidson To Downgrade To Underperform
Tuesday, May 17, 2016 - 9:49am | 262Read More...Infoblox Inc (NYSE: BLOX) has received a buyout offer from private equity investor Thoma Bravo, according to Bloomberg News. DA Davidson’s Mark Kelleher downgraded the rating for the company from Neutral to Underperform, citing the stock’s 20 percent jump last week on news of the...
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DA Davidson Continues To Look For Signs Nimble Storage Is On Path Towards Profitability
Monday, February 23, 2015 - 2:42pm | 223Read More...In a report published Friday, DA Davidson analyst Mark Kelleher commented that Nimble Storage, Inc. (NYSE: NMBL) continues to operate in a highly competitive environment and faces headwinds from being one of the most aggressive companies in distributing stock compensation. Nimble Storage is...
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Rackspace Hosting Misses On Q4 Revenue, Outlook; Shares Down Almost 5% After Hours
Tuesday, February 17, 2015 - 7:03pm | 544Read More...Rackspace Hosting, Inc. (NYSE: RAX) reported Q4 earnings after the market close on Tuesday. Net revenue for the fourth quarter was $472 million, below estimates of $473.98 million, up 15.8 percent from the fourth quarter of 2013. On a constant currency basis, net revenue grew 16.4 percent from...
