-
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...
-
Concerns Over Intel's PCs, Severs Lead To A $37 Price Target At Summit
Monday, April 18, 2016 - 10:38am | 230Read More...Worldwide PC shipments declined in C1Q16 to 64.8 million units, according to Gartner estimates, and to 60.6 million units as per IDC estimates. WR Hambrecht’s Srini Sundararajan maintained a Buy rating for Intel Corporation (NASDAQ: INTC), while reducing the price target from $38 to $37....
-
Analyst Highlights Three Main Factors For Cree's Q3 Guidance Cut; Stock Falls ~20%
Wednesday, April 6, 2016 - 9:05am | 336Read More...Cree, Inc. (NASDAQ: CREE) pre-announced its F3Q results, with the revenue and EPS below the guidance, driven by lower lighting product revenues. Summit Research’s Srini Sundararajan maintains a Hold rating on the company, while lowering the price target from $30 to $25. F3Q Pre-...
-
Veeco Instrument Shares Get Upgrade At Summit Following Aixtron Sale News
Monday, April 4, 2016 - 8:53am | 292Read More...Summit Research has upgraded Veeco Instruments Inc. (NASDAQ: VECO) to Hold from Sell, with a price target of $23 after Bloomberg reported that Germany's AIXTRON SE (ADR) (NASDAQ: AIXG) "is holding informal talks with potential buyers," including Veeco. "We think that VECO buying AIXG would be...
-
Summit Research Sets New Buy Rating On Western Digital: Here's Why
Monday, March 28, 2016 - 10:31am | 264Read More...WR Hambrecht’s Srini Sundararajan initiated coverage of Western Digital Corp (NASDAQ: WDC) with a Buy rating and a price target of $74. The analyst believes that the acquisition of SanDisk Corporation (NASDAQ: SNDK) would improve Western Digital’s position in the SSD arena. Western...
-
Summit Still Buying Intel, But iPad Fears Hurt Its PC Market
Tuesday, March 22, 2016 - 8:12am | 319Read More...Summit Research’s Srini Sundararajan maintained a Buy rating for Intel Corporation (NASDAQ: INTC), while reducing the price target to $38. The analyst mentioned that the company’s performance in both 1Q and 2Q may be impacted by the dreadful performance of Taiwanese PC ODMs [notebook...
-
'Dim Skies Still Persist' For Veeco Instruments; Summit Research Maintains Sell
Monday, March 14, 2016 - 9:44am | 284Read More...Summit Research’s Srini Sundararajan maintained a Sell rating on Veeco Instruments Inc. (NASDAQ: VECO), with a price target of $12. Soft MOCVD Sundararajan mentioned that during its previous earnings call, the company had indicated that it expected the MOCVD investments to remain soft...
-
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...
-
Veeco Shares Downgraded To Sell At Summit Research
Tuesday, February 23, 2016 - 10:24am | 251Read More...Summit Research's Srini Sundararajan has downgraded the rating on Veeco Instruments Inc. (NASDAQ: VECO) to Sell, while lowering the price target to $12. Sundararajan mentioned that the company reported "underwhelming" C4Q results, while the C1Q guidance was "dismal."...
-
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...
-
Summit Research Upgrades Veeco Instruments, Cites Aixtron Sanan Order Cut
Friday, December 11, 2015 - 11:12am | 272Read More...Shares of Veeco Instruments Inc. (NASDAQ: VECO) have appreciated 7.76 percent over the past month, from a low of $18.28 on November 13. Srini Sundararajan of Summit Research has upgraded the rating on the company to Hold, with a price target of $24. Sundararajan believes that the loss of...
-
What To Expect Ahead Of Intel's Analyst Day Thursday
Tuesday, November 17, 2015 - 3:09pm | 421Read More...Intel Corporation (NASDAQ: INTC) will host its Analyst Day on Thursday in Santa Clara, California. On Tuesday, analysts at RBC Capital Markets and Summit Research shared a few thoughts and key points. Intel’s stock has surged more than 2 percent, currently trading at $32.77 at the time of...
-
3 Reasons A SanDisk Buyout Makes Sense
Wednesday, October 14, 2015 - 9:20am | 340Read More...The share price of SanDisk Corporation (NASDAQ: SNDK) have declined 38.11 percent year-to-date, from a high of $97.38 on January 8. Srini Sundararajan of Summit Research has maintained a Buy rating on the company, with a price target of $85. Following news of SanDisk contacting bankers,...
-
Summit Research Previews Intel's Q3 Results
Monday, October 12, 2015 - 11:16am | 307Read More...Intel Corporation (NASDAQ: INTC) shares have risen by almost 10 percent over the last six months, reaching a high of $32.52 on October 8. Srini Sundararajan of Summit Research has maintained a Hold rating on the company, with a price target of $30. Sundararajan expects the company’s...
-
Summit Sees More Questions, Less Answers At Micron
Friday, October 2, 2015 - 9:41am | 310Read More...Micron Technology, Inc. (NASDAQ: MU) shares have plummeted 58 percent year-to-date, and are trading close to the lower-end of their 52-week range of $13.50 - $36.59. Summit’s Srini Sundararajan maintained a Buy rating on the company, with a price target of $25. Despite beating...
