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FireEye Investors Respond To M&A And Guidance, But Is The Street Convinced?
Thursday, January 21, 2016 - 12:29pm | 741Read More...On Wednesday, FireEye Inc. (NASDAQ: FEYE) released preliminary 4Q15 earnings and announced that it will acquire iSight Partners for $200 million in cash. "This acquisition extends FireEye's intelligence lead with an offering no one else in the industry can match," FireEye CEO...
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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...
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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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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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Calls of Note: The Research Notes Moving The Market This Monday
Monday, August 17, 2015 - 1:09pm | 1211Read More...The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." Pacific Crest: It's ‘OK' Apple iPhone Units Might Decline Next Year Andy Hargreaves of Pacific Crest believes that Apple Inc. (NASDAQ: AAPL) will...
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Barracuda Is Falling 20%, But These Analysts Are Still Bullish
Friday, July 10, 2015 - 12:25pm | 640Read More...Shares of Barracuda Networks Inc (NYSE: CUDA) plunged more than 20 percent Friday after the company reported its first quarter results on Thursday. Here are what some of Wall Street's top analysts are saying. Morgan Stanley: Buy The Pullback Melissa Gorham of Morgan Stanley commented in...
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Summit Starts Imperva At Buy, Sees 'Secular Shift' Coming
Monday, July 6, 2015 - 11:17am | 367Read More...In a report published Monday, WR Hambrecht analyst Srini Nandury initiated coverage of Imperva Inc (NYSE: IMPV) with a Buy rating and $75 price target. The analyst noted that there appears to be a "secular shift" towards internal security measures. While the company's execution continues to see...
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NetApp Is Doubling Down On 'Flawed Strategy,' Still A Hold, Says Summit Research
Friday, June 26, 2015 - 10:20am | 342Read More...In a report published Friday, WR Hambrecht analyst Srini Nandury reiterated a Hold rating and $32 price target on NetApp Inc. (NASDAQ: NTAP). The analyst believes that the company is in denial of the real issues affecting the business and is "doubling down on its failed strategy." The analyst...
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Summit Research, Credit Suisse Analysts Comment On Mellanox Technologies Following Earnings
Thursday, January 29, 2015 - 2:23pm | 227Read More...Late Wednesday, Mellanox Technologies, Ltd. (NASDAQ: MLNX) reported fourth-quarter financial results, beating top and bottom line estimates. For the fourth quarter, Mellanox reported EPS of $0.59 and revenue of $141.12 million. Following the announcement, analysts at Summit Research and...
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Summit Research Expect Conservative Outlook For EMC Due To FX Headwinds
Monday, January 26, 2015 - 10:47am | 230Read More...In a report published Monday, Summit Research analyst Srini Nandury reiterated a Buy rating and $31.00 price target on EMC Corporation (NYSE: EMC). In the report, Summit Research noted, “EMC is scheduled to report F4Q14 earnings on Wednesday (01/28) before the market open. We forecast F4Q revenue...
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Summit Research Expects Solid Quarter For QLogic
Monday, January 26, 2015 - 10:33am | 175Read More...In a report published Monday, Summit Research analyst Srini Nandury reiterated a Buy rating and $14.00 price target on QLogic Corporation (NASDAQ: QLGC). In the report, Summit Research noted, “QLGC is to report F3Q15 results after market close on Thursday (01/29). At minimum we expect Qlogic to...
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UPDATE: Summit Research Initiates Coverage On Proofpoint
Tuesday, January 13, 2015 - 5:20pm | 218Read More...Summit Research initiated coverage on Proofpoint Inc (NASDAQ: PFPT) with a Buy rating and $58 price target. “Proofpoint solutions for email security, privacy and archiving are considered some of the best in the industry and not surprisingly the company has been taking share from incumbent...
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Summit Research Reiterates On Emulex
Tuesday, January 13, 2015 - 3:07pm | 173Read More...Summit Research commented on Emulex Corporation (NYSE: ELX) Tuesday after the company raised Q2 guidance. The firm reiterated its Hold rating and $6 price target. Analyst Srini Nandury believed the “Grantley upgrade cycle is still in initial throes (cycle to last three to four quarters),...
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Summit: Splunk Product 'A Platform To Reckon With'
Friday, November 21, 2014 - 1:30pm | 188Read More...Splunk Inc (NASDAQ: SPLK) gained more than 5 percent Friday on strong third-quarter results and mounting enthusiasm for its system for so-called big data mining. "Splunk is a seminal technology to bring insights into unstructured data, and is now becoming a platform to reckon with,"...
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Intel Earnings Preview
Tuesday, October 14, 2014 - 3:30pm | 213Read More...After Tuesday's close, Intel Corporation (NASDAQ: INTC) will report earnings for Q3 2014. Analysts are expecting EPS of $0.64 on revenue estimates of $14.41 billion. The chip maker has been on trader’s radar since the semi-conductor sector was sold off heavily during Friday...
