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Why Pacific Crest Calls Equinix A 'Must-Own Stock'
Friday, June 24, 2016 - 3:25pm | 337Read More...Pacific Crest reaffirmed its Overweight rating on Equinix Inc (NASDAQ: EQIX), saying it is a "must-own stock," as the company has potential to surpass its own financial objectives. Equinix is the largest provider of network-neutral colocation and interconnection service with approximately 145...
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Pacific Crest On Akamai: 'Still An Opportune Time To Build Positions'
Tuesday, June 7, 2016 - 4:06pm | 303Read More...Pacific Crest said it's still an opportune time to acquire/build positions in the shares of Akamai Technologies, Inc. (NASDAQ: AKAM). "We believe when traffic growth improves, the valuation multiple should expand. At just 9.1x our below-consensus 2016 adjusted EBITDA estimates vs. its...
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Rackspace Cut By Analysts On Poor Outlook, Strong Competition
Wednesday, February 17, 2016 - 12:19pm | 526Read More...Shares of Rackspace Hosting, Inc. (NYSE: RAX) touched a 52-week low after the cloud service company guided slower revenue growth for 2016 despite reporting better-than-expected fourth quarter results. The development led to a series of analyst downgrades on the stock, which fell 17 percent on...
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Pacific Crest Downgrades Rackspace To Sector Weight; Disappointed With Guidance
Wednesday, February 17, 2016 - 10:45am | 296Read More...Rackspace Hosting, Inc. (NYSE: RAX) shares have plunged 63.65 percent over the past one year, touching a low of $16.76 on February 11. Michael Bowen of Pacific Crest has downgraded the rating on the company to Sector Perform. Bowen expects the absence of near-term growth catalysts within...
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Cell Competition Heats Up: T-Mobile, Sprint Gaining On Verizon, AT&T
Tuesday, September 22, 2015 - 10:55am | 628Read More...Michael Bowen of Pacific Crest conducted traffic checks at wireless carriers stores. Bowen noted that traffic at Verizon Communications Inc. (NYSE: VZ) and AT&T Inc. (NYSE: T) is "slower thus far this month." Meanwhile, customer traffic trends are "positive" for T-...
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Pacific Crest Likes Equinix, Telecity Combo: Is InterXion Now In Play?
Tuesday, June 2, 2015 - 12:57pm | 893Read More...On Sunday, Pacific Crest analyst Michael Bowen published a report titled "May We Cut In…" raising its Equinix Inc (NASDAQ: EQIX) target price based upon the confirmation by Equinix of its intention to close the previously announced, approximately $3.6 billion TELECITY GROUP PLC (OTC: TLEIY)...
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5 Communications Stocks Pacific Crest Is Buying Before Earnings
Monday, April 20, 2015 - 2:08pm | 603Read More...Pacific Crest Securities released Q1 Communication Services Preview on Sunday. Overall, analysts Michael Bowen and Trevor Upton felt that cloud adoption was accelerating which would benefit connectivity providers and IDCs. Below are five stocks the analysts recommended buying before earnings...
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Heard Of T-Mobile's Uncarrier For Business? Here's What Pacific Crest Has To Say
Thursday, March 19, 2015 - 10:44am | 250Read More...In a report published Wednesday, Pacific Crest analyst Michael Bowen commented on T-Mobile US Inc's (NYSE: TMUS) move to bring its "Uncarrier" program to businesses. T-Mobile's "Uncarrier" strategy for business applies to businesses of all sizes and is primarily target towards small and medium...
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Pacific Crest: Rackspace Hosting Will Benefit From Secular Shift, Shares Trading At 20% Discount
Wednesday, March 18, 2015 - 11:47am | 177Read More...In a report published Tuesday, Pacific Crest analyst Michael Bowen suggested that Rackspace Hosting, Inc. (NYSE: RAX) will benefit from an imminent industry-wide secular shift from on premise data centers to hybrid clouds made up of private and public clouds. "As complexities increase in the cloud...
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Pacific Crest Upgrades Rackspace Hosting, 'Appears To Have Put Operational Missteps Behind It'
Wednesday, February 18, 2015 - 3:34pm | 164Read More...In a report published Wednesday morning, Pacific Crest analyst Michael Bowen upgraded Rackspace Hosting, Inc. (NYSE: RAX) from Sector Perform to Outperform and established a $58 price target. Bowen's call is based on the improvement of risk vs. reward profile coupled with improved EBITDA...
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Rackspace Sinks, Q2 Report Mum On Possible Sale
Tuesday, August 12, 2014 - 12:43pm | 395Read More...Rackspace Hosting (NYSE: RAX) fell more than seven percent Tuesday after the company failed to offer insight into its possible sale and said second-quarter expense grew faster than revenue. Investors had feared the cloud services competition from Amazon, Google and Microsoft might hurt results...
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UPDATE: Pacific Crest Securities Reiterates On SBA Communications Following Beat/Raise Quarter
Monday, May 5, 2014 - 9:00am | 114Read More...In a report published Monday, Pacific Crest Securities analyst Michael Bowen reiterated an Outperform rating on SBA Communications (NASDAQ: SBAC), and raised the price target from $112.00 to $116.00. In the report, Pacific Crest Securities noted, “We are increasing our 2014 estimates following...
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Pacific Crest Gives Overview on Communications Services Sector
Monday, November 25, 2013 - 4:33pm | 400Read More...The communications industry can be an adventure for investors, with volatile and rapid changes. On Monday, Pacific Crest Securities analyst Michael Bowen published his thoughts on the communications services sector. Verizon Communications Inc. (NYSE: VZ) is Pacific Crest's top carrier pick,...
