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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-...
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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...
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Summit Initiates HubSpot With Hold, $48 Target; Co. Is 'Not Immune To Macro Issues'
Monday, April 4, 2016 - 8:47am | 321Read More...Summit Research’s Jonathan Kees sees HubSpot Inc (NYSE: HUBS) as a “visionary” that has changed focus from outbound to inbound marketing and has delivered products based on its vision. The analyst initiated coverage of the company with a Hold rating price target of $48....
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Zendesk A SaaS Leader? This Analyst Is Pounding The Table
Monday, March 28, 2016 - 12:29pm | 503Read More...Cloud customer engagement services provider Zendesk Inc (NYSE: ZEN) is staying one step ahead of the competition, executing on its growth strategy in a largely untapped $7.6 billion market, according to Summit Research, which started coverage on ZEN with a Buy rating and $25 price target. In a...
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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...
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'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...
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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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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."...
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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...
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Street's Q1 Sales Estimates For Baidu Currently 'Aggressive'
Tuesday, January 19, 2016 - 10:14am | 357Read More...The share price of Baidu Inc (ADR) (NASDAQ: BIDU) has declined 14.59 percent over the last one month, touching a low of $159.831 on January 15. Henry Guo of Summit Research has reiterated a Hold rating on the company, while lowering the price target from $189 to $169. Guo attributes the...
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Intel Q4 Earnings Preview
Thursday, January 14, 2016 - 3:30pm | 419Read More...Intel Corporation (NASDAQ: INTC) Q4 results are due after the close on Thursday. The Santa Clara, California-based chipmaker posted its last quarterly earnings of $0.64 per share for their fiscal period, which closed on September 30, 2015. Analysts have shared their previews this week on Intel's...
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Here's Why Barracuda Just Got Destroyed; Stock Plummets Over 30% Amid Downgrades
Friday, January 8, 2016 - 10:54am | 289Read More...Summit Research issued a company report on Barracuda Networks Inc (NYSE: CUDA) downgrading the IT security company following their third consecutive billings miss. Currently, Summit Research rates Barracuda at Hold and lowered the price target from $32 to $15. Srini Nandury, an analyst at Summit...
