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Analysts Sentiment On Nvidia Ahead Of Q2 Earnings
Thursday, August 10, 2017 - 1:17pm | 389Read More...With NVIDIA Corporation (NASDAQ: NVDA) due to release its second-quarter results Thursday after the close, investors are pondering whether the best performing stock of 2016 can continue its uncanny string of earnings beats. If Wall Street sell-side sentiment is any indicator, the computer processor...
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Analyst: Nvidia, Western Digital Only Buys In Semi Space Given Current Industry Dynamics
Wednesday, July 19, 2017 - 11:32am | 691Read More...Summit Redstone analyst Kinngai Chan’s latest channel checks on the semi space show headwinds ahead for most of the industry. The analyst believes only NVIDIA Corporation (NASDAQ: NVDA) and Western Digital Corp (NASDAQ: WDC) are in position to meaningfully grow in the near and medium-term,...
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Intel On A Path To Becoming Formidable Player In Autos
Tuesday, March 14, 2017 - 11:15am | 397Read More...Intel Corporation (NASDAQ: INTC) will acquire Mobileye NV (NYSE: MBLY) for $15.3 billion or $63.54 per share, representing a premium of 34 percent to Mobileye’s closing price on March 10. Summit Redstone’s Jagadish Iyer mentioned that Intel intends to fund the transaction in cash from...
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Ambarella's Growth Fails To Impress, Analyst Sees 'Rough Road' Ahead
Wednesday, March 1, 2017 - 4:12pm | 409Read More...Summit Redstone downgraded Ambarella Inc (NASDAQ: AMBA) to Hold from Buy as it sees more downside risks to revenue and earnings due to strengthening competition. Despite reporting better-than-expected results for the fourth quarter, Ambarella expects first quarter revenues at $62.5-$64.5 million,...
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8x8 Shares Fall As Board's Buyer Search Fails
Wednesday, December 21, 2016 - 4:55pm | 382Read More...8x8, Inc. (NASDAQ: EGHT) shares fell on Wednesday after a source close to the situation told Benzinga its board initiated the process to find suitors, but the sale proposal failed to inspire any buyers. The stock initially spiked on news of buyout talk, however, due to uncertainty surrounding...
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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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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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Atlassian A Buy At Summit Redstone On Highly Differentiated Software Model
Tuesday, August 16, 2016 - 10:09am | 437Read More...Summit Redstone Partners has started coverage of Atlassian Corporation PLC (NASDAQ: TEAM) with a Buy rating and $35 price target on differentiated software and online sales model. Atlassian is an enterprise software company. The company's products include JIRA for team planning and project...
