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Mimecast's Enterprise Potential Is Underappreciated
Thursday, April 13, 2017 - 9:57am | 374Read More...“While Mimecast Ltd (NASDAQ: MIME) came into prominence by providing email solutions to midmarket customers (SMB/SMEs), we believe Mimecast’s growing enterprise business is underappreciated,” Summit Redstone’s Srini Nandury said in a note, while initiating coverage of the...
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Nutanix May Face Competitive Pressure Sooner Than Expected; Summitt Starts Stock At Sell
Friday, October 14, 2016 - 10:23am | 289Read More...It didn’t take long for Summit Redstone to rain on the Nutanix Inc (NASDAQ: NTNX) parade. Less than a month after the company’s IPO, Summit analyst Srini Nandury has initiated coverage of Nutanix at Sell. According to Nandury, valuation and competition are the two major stumbling...
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NetApp Shares Upgraded To Buy, Summit Redstone Much More Convinced In Company's Outlook
Friday, September 30, 2016 - 8:14am | 311Read More...Following the NetApp Insight User Conference, Summit Redstone’s Srini Nandury expressed increased optimism regarding the outlook for NetApp Inc. (NASDAQ: NTAP) being more promising than it was a year ago. Nandury upgraded the rating on the company from Sell to Buy, while raising the price...
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Why Splunk Should Consider Buying A Hardware Vendor
Monday, September 19, 2016 - 10:01am | 346Read More...If Splunk Inc (NASDAQ: SPLK) were to acquire a hardware vendor, the initial reaction from the Street may be negative, but in time, the stock would likely “rebound nicely,” Summit Redstone’s Srini Nandury said in a report. He maintained a Buy rating on the company, with a price...
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Summit Redstone Assumes Buy On Splunk, Sees Compelling Case For M&A
Tuesday, September 6, 2016 - 9:28am | 422Read More...Summit Redstone’s Srini Nandury believes Splunk Inc (NASDAQ: SPLK) is a “compelling” acquisition candidate, given that the company is expected to provide “years of growth” for any potential acquirer. Nandury reinitiated coverage of the company with a Buy rating, with a...
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Proofpoint Has Upside On High-Profile Cyber Attacks
Tuesday, August 16, 2016 - 8:32am | 387Read More...Summit Redstone Partners’ Srini Nandury believes Proofpoint Inc (NASDAQ: PFPT) continues to benefit from the constant outpouring of news associated with high profile email hacks, which has been “driving a sense of urgency with CIO/CSOs.” Nandury reinitiated coverage of the company...
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Tableau's 'Low-Hanging Fruit Already Picked,' Says Summit Readstone
Tuesday, July 19, 2016 - 8:23am | 306Read More...Tableau Software Inc’s (NYSE: DATA) growth is likely to remain sluggish, with intensifying competition and the company facing increasing challenges in upselling within the install base, Summit Readstone’s Srini Nandury said in a report. He relaunched coverage of the company with a...
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Summit Views Qlik's Results, Guidance As 'Solid'; Reiterates Buy
Friday, April 29, 2016 - 2:15pm | 419Read More...Shares of Qlik Technologies Inc (NASDAQ: QLIK) climbed more than 3 percent following its strong quarterly results, which Summit Research termed as "solid" while reiterating its Buy rating on the enterprise software maker. The company's adjusted loss per share of $0.09 topped...
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Intel: What Everyone On The Street Thinks
Wednesday, April 20, 2016 - 1:09pm | 1377Read More...Intel Corporation (NASDAQ: INTC) reported mixed Q1 results after Tuesday's close. Revenue came in at $13.8 billion, above the $13.7 billion consensus, but down 7 percent quarter-over-quarter. Gross margins came in at 62.7 percent, above company guidance of 62 percent, and EPS was six cents...
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Summit Upgrades CyberArk To Buy, Raises Price Target To $50
Monday, March 14, 2016 - 7:55am | 308Read More...Summit’s Srini Nandury upgraded the rating for Cyberark Software Ltd (NASDAQ: CYBR) from Hold to Buy, while raising the price target from $30 to $50. The analyst cited compelling valuation and strength in security spending as the reasons for the upward revisions. Security Spending...
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What Nimble Storage's AFA Launch Means For Competition
Wednesday, February 24, 2016 - 2:57pm | 262Read More...Summit Research issued a note on Nimble Storage, Inc. (NYSE: NMBL) after the company formally launched its highly anticipated All-Flash Array (AFA). The firm rates Nimble Storage as a Buy with a $22 price target. Analysts Srini Nandury and Srini Sundararajan highlighted the implications of...
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Investors See The End Of Tableau's Momentum, Even As Q4 Figures Pass Expectations
Thursday, February 4, 2016 - 6:47pm | 328Read More...Investors may have been stunned by Tableau Software Inc (NYSE: DATA)'s 50 percent drop in share price Thursday evening, but analysts were not. Despite beating Wall Street's earnings and revenue forecast for the fourth quarter, the company missed its crucial licensing revenue mark. The...
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Proofpoint Is The One To Own,' According To This Analyst
Friday, January 29, 2016 - 1:32pm | 244Read More...Summit Research issued a company note on Proofpoint Inc (NASDAQ: PFPT) after the company reported revenues and billings that exceeded consensus estimates. Analysts at Summit Research reiterated a Buy and issued a $80 price target. Analysts Srini Nandury and Jonathan Kees wrote, "Results...
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Why This Notable Analyst Downgraded Shares Of VMware
Wednesday, January 27, 2016 - 11:39am | 319Read More...VMware, Inc. (NYSE: VMW) shares have been on a downward trajectory, and have lost 47 percent since July 28. Summit Research’s Srini Nandury downgraded the rating for the company to Hold, while reducing the price target from $80 to $40. Business could get worse before it gets better...
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Summit: Time To Buy 8x8
Monday, January 25, 2016 - 2:12pm | 383Read More...Summit Research issued a company report on 8x8, Inc (NASDAQ: EGHT) initiating coverage on one of the industry leaders of business cloud services. Currently, analysts at Summit rate 8x8 as a Buy with a $16 price target. Jonathan Kees, Srini Nandury, and Srini Sundararajan, analysts at Summit...
