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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...
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Summit Starts inContact At Buy, Says It's A Leader In The Cloud Market
Tuesday, December 8, 2015 - 8:58am | 301Read More...Shares of InContact Inc (NASDAQ: SAAS) have appreciated 36.38 percent over the last three months, although the shares dipped close to their 52-week low on October 8. Jonathan Kees of Summit Research on Monday initiated coverage of the company with an Overweight rating and price target of $12...
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Summit Sees Interactive Intelligence As 'A First Mover In Customer Service'
Monday, December 7, 2015 - 2:09pm | 364Read More...In a report issued Monday, analysts at Summit Research initiated coverage on shares of Interactive Intelligence Group Inc (NASDAQ: ININ) with a Buy rating and a $41 price target. The experts classified the company as a “first mover in customer service” and a “differentiated cloud...
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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...
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Summit Research Downgrades Teradata Following Earnings Report
Monday, November 9, 2015 - 12:58pm | 317Read More...Teradata Corporation (NYSE: TDC) reported its third-quarter financial results last Thursday, slightly missing estimates for both earnings and revenue. Analysts at Summit Research downgraded the stock from Hold to Sell, while trimming their price target from $27 to $22. The anlaysts argue...
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Double Eleven Shopping Day Is Coming: How Alibaba Wins
Monday, October 19, 2015 - 8:44am | 317Read More...Alibaba Group Holding Ltd (NYSE: BABA) shares have plunged 32 percent year-to-date, and are trading significantly below their 52-week high of $120. Summit Research’s Henry Guo maintained a Buy rating on the company, with a price target of $81. While competition is intensifying ahead...
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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,...
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Summit Upgrades Intel To Buy; Sees Improvement In PC, Cloud
Wednesday, October 14, 2015 - 8:23am | 272Read More...Shares of Intel Corporation (NASDAQ: INTC) rose 8.72 percent over the last month, reaching a high of $32.46 on October 13. Srini Nandury of Summit Research has upgraded the company from Hold to Buy, with a price target of $40. Intel was able to easily meet the C3Q15 guidance, despite a...
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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...
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Analyst Believes Mellanox Outlook 'Should Provide Relief,' Sees 'Story Intact'
Thursday, October 1, 2015 - 10:29am | 243Read More...Mellanox Technologies, Ltd. (NASDAQ: MLNX) shares are down 11 percent year-to-date, trading below the $45 mark since July 27. Summit Research’s Srini Nandury maintained a Buy rating for the company and a price target of $65. Nandury expects Mellanox’s press release stating an...
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Micron: A Good Play During Times Of Macro Weakness
Friday, September 18, 2015 - 1:21pm | 419Read More...Shares of Micron Technology, Inc. (NASDAQ: MU) were lower by more than 4 percent Friday morning, underperforming the Nasdaq Index, which was lower by only 0.77 percent. Srini Sundararajan of Summit Research argued in a note on Friday that Micron is an attractive investment during periods of macro...
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Steve Jobs Might've Hated The Apple Pencil
Wednesday, September 9, 2015 - 2:43pm | 378Read More...The latest Apple Inc. (NASDAQ: AAPL) event kicked off earlier this afternoon, and fanboys are already psyched up. The festivities started with a look at the Apple Watch and some new features introduced to WatchOS before the new iPad Pro was presented. Then, a third gadget was introduced: the...
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Why It Might Be Time To Buy Weibo: Summit Research
Thursday, August 27, 2015 - 10:05am | 322Read More...Shares of Weibo Corp. (ADR) (NASDAQ: WB) have declined more than 43 percent over the past year. Henry Guo of Summit Research has upgraded the rating on Weibo from Hold to Buy, with a price target of $14. Following the company’s 2Q15 earnings results and the recent market correction...
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Time To Take Profits: Summit Offers Trading Call On Splunk, Downgrades To Hold
Monday, August 24, 2015 - 2:42pm | 387Read More...Analysts at Summit Research assure it is time to take profits at Splunk Inc (NASDAQ: SPLK). In fact, in a report issued Sunday, the experts – Srini Nandury, Srini Sundararajan, Jonathan Kees and Henry Guo – downgraded the stock’s rating from Buy to Hold on an impending multiple...
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Tech Earnings Calls To Watch On Wednesday: NetApp & Synopsys
Wednesday, August 19, 2015 - 6:50am | 420Read More...Two popular mid-cap tech companies are reporting quarterly financial results on Wednesday afternoon: NetApp Inc. (NASDAQ: NTAP) and Synopsys, Inc. (NASDAQ: SNPS). Let’s take a look at what the Street, the crowd and management are expecting from the calls. NetApp NetApp is expected...
