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Strong End-Customer Demand And Industry-Leading Billings Growth Seen At Nutanix
Tuesday, October 25, 2016 - 2:24pm | 307Read More...Pacific Crest Securities initiated coverage on Nutanix Inc (NASDAQ: NTNX) with an Outperform rating and a price target of $37, implying an upside potential of more than 25 percent from the current levels. The firm cited strong demand for end-customer for hyperconverged solutions and other positives...
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Facebook Looks More Likely To Spend Capex Guidance For The First Time
Thursday, July 28, 2016 - 10:25am | 361Read More...Facebook Inc (NASDAQ: FB) announced strong Q2 results across the board, driven by the growing contribution from Instagram. Pacific Crest’s Evan Wilson maintains a Sector-Weight rating on the company. Solid Q2 The company reported its revenue and EBITDA for Q2 at $6.44 billion and $4.35...
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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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Apple Pay Has Completed The Commerce Trifecta: In-Store, In-App, In-Browser
Tuesday, June 14, 2016 - 11:55am | 236Read More...Apple Inc. (NASDAQ: AAPL) detailed its expansion plan for Apple Pay at the Worldwide Developers Conference (WWDC). According to Josh Beck of Pacific Crest Securities, Apple's new plan for its mobile payment system resulted in it completing the "commerce trifecta" of boasting in-store, in-app and in...
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Pacific Crest Says 'Difficult To Recommend' GameStop Following Q1 Earnings; Stock Slumps 6%
Friday, May 27, 2016 - 11:41am | 248Read More...GameStop Corp. (NYSE: GME) reported marginally better-than-anticipated F1Q results, although its F2Q guidance was disappointing. Pacific Crest’s Evan Wilson maintains a Sector Weight rating on the company. “For the year, we still think GameStop is overly optimistic as our analysis of...
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Pacific Crest On Palo Alto: 'Take Advantage Of Buying Opportunities'
Friday, May 27, 2016 - 9:53am | 291Read More...Following the robust billings and revenue growth reported by Palo Alto Networks Inc (NYSE: PANW), Pacific Crest’s Rob Owens stated that the stock was “trading at a reasonable multiple on various cash flow metrics, which presents a buying opportunity.” Owens maintains an Overweight...
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Hargreaves: Apple Guidance Isn't As Bad As It Looks
Wednesday, April 27, 2016 - 11:15am | 281Read More...Pacific Crest’s Andy Hargreaves believes Apple Inc. (NASDAQ: AAPL)'s FQ3 guidance “is not as bad as it first appears,” and that the iPhone would once again see unit growth in FY17, which in turn would drive profit growth. Hargreaves maintained an Overweight rating on the...
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Another Reason Fitbit's Up 12% Today: PacCrest Bullishness
Wednesday, April 13, 2016 - 3:08pm | 364Read More...Pacific Crest Securities raised its first-quarter, second-quarter and full-year earnings, and sales view of Fitbit Inc (NYSE: FIT) above Street estimates on strong demand for the Alta and Blaze units, the company's two newest products. Analyst Brad Erickson increased first quarter profit...
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Sell-Side Analyst Likes 3D Systems' New CEO
Tuesday, April 5, 2016 - 9:44am | 306Read More...Pacific Crest Securities recently released a company note on 3D Systems Corporation (NYSE: DDD) after the company hired Vyomesh Joshi as CEO. Joshi comes to the company with years of experience in technology, with traditional printer experience working and leading teams at HP Inc (NYSE: HPQ)....
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PacCrest's Twigg Not Buying ExOne Yet; Stock Up 4%
Thursday, March 24, 2016 - 1:49pm | 273Read More...Pacific Crest Securities recently issued a company note on ExOne Co (NASDAQ: XONE) after the company posted good fourth-quarter earnings; however, revenue visibility continues to remain low. Currently, analysts at Pacific Crest rate ExOne at Sector Weight, while a price target is unavailable....
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PacCrest Upgrades Qlik After Attending Multiple Events This Month
Monday, March 21, 2016 - 10:41am | 235Read More...Pacific Crest’s Brent Bracelin upgraded the rating on Qlik Technologies Inc (NASDAQ: QLIK) from Sector Weight to Overweight, with a price target of $34. Turning Bullish “After attending multiple events over the past month, we are turning more bullish on the prospects of Qlik Sense...
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Pacific Crest Raises Angie's List EBITDA Outlook After Meeting With Management
Wednesday, March 9, 2016 - 10:48am | 261Read More...Pacific Crest’s Evan Wilson maintained a Sector Weight rating on Angie's List Inc (NASDAQ: ANGI). Free Tier Introduced Following the company’s investor day, Wilson noted that Angie’s List will now have a “free tier, as we've long hoped for, which should...
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Shopify Shares Upgraded By Pacific Crest Following Massive Correction
Tuesday, March 8, 2016 - 9:55am | 264Read More...Pacific Crest’s Brendan Barnicle upgraded the rating on Shopify Inc (NYSE: SHOP) to Overweight, with a price target of $35. Increased Confidence in Shopify “After hosting Shopify's management on an NDR two weeks ago and hearing about the strong momentum in SMB SaaS at our...
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Despite Soft Demand, Growth For iPhone 7 Makes Apple Attractive
Monday, March 7, 2016 - 9:03am | 316Read More...Pacific Crest’s Andy Hargreaves maintained an Overweight rating on Apple Inc. (NASDAQ: AAPL), while lowering the price target from $132 to $127. Pacific Crest’s demand and supply suggest that the sales volume is tracking at the low end of the company’s guided range for FQ2,...
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Why Fitbit Is 'Not The Right Fit'; Pacific Crest Downgrades
Tuesday, February 23, 2016 - 9:24am | 283Read More...Pacific Crest’s Brad Erickson has downgraded the rating on Fitbit Inc (NYSE: FIT) to Sector Weight, based on the company’s lack of leverage, risk of hardware commoditization and weak user metrics. “Multiple expansion opportunities from corporate wellness are becoming more...
