MKM Partners

Tech giant Cisco Systems, Inc. (NASDAQ: CSCO) proposed Tuesday to acquire optical company Acacia Communications, Inc. (NASDAQ: ACIA) in a deal that is "more expensive than it appears," according to Bank of America Merrill Lynch. The Analysts Bank of America's Tal Liani maintained a...

This week’s Federal Reserve announcement may be one of the most important ones in recent memory given the increased expectation among investors that the Fed will now be cutting interest rates at least once by the end of the year. The bond market is currently pricing in only a 25.8% chance the...

Ahead of Slack's scheduled initial public offering Thursday, MKM Partners estimates the stock should be worth $55 per share, or around $20 billion. The Analyst Rohit Kulkarni commented on Slack's planned IPO in a Monday note.  The Thesis Slack's financial...

Chewy Inc (NYSE: CHWY) made its public debut Friday, trading at $36 per share with an estimated $8.8-billion market cap. MKM Partners weighed in "potential for faster revenue growth and greater gross margin expansion." The Analyst Rohit Kulkarni issued a note on...

Fiverr international Ltd. (NYSE: FVRR), an online marketplace for freelance services company, began trading for the first time on a public market Thursday. MKM analysts offered their take from the sidelines. The Thesis Israel-based Fiverr's mission is to facilitate the buying and selling of...

WPX Energy Inc (NYSE: WPX) has the potential to achieve a full-cycle return of around 130 percent — significantly higher than the 115-120% industry average cash recycle ratio — since the company’s higher oil composition generates a 10-15% higher cash margin, according to...

Gap Inc (NYSE: GPS) and Express, Inc. (NYSE: EXPR) recently reported first-quarter results, which prompted MKM to lower its fair value estimates for both names. The Analyst MKM Partners' Roxanne Meyer maintains a Neutral rating on Gap with a fair value estimate lowered from $33 to $18. The...

The video game industry is rewarding new and different ideas rather than copycats, and those companies that can hit on the next new thing – the next “Fortnite”, for example, but not another “Fortnite” – will be the winners as the next generation gets going, MKM...

Urban Outfitters, Inc. (NASDAQ: URBN) shares dropped more than 7 percent on Wednesday despite the company beating first-quarter earnings and sales expectations. Urban Outfitters reported first-quarter net income of $32.6 million, or 31 cents per share, a 21 percent drop from a year ago. Analysts...

Tapestry Inc (NYSE: TPR) recorded mixed third-quarter earnings with a 42-cent bottom-line exceeding 41-cent estimates and $1.33 billion in revenue falling short of $1.34 billion forecasts. Analysts were generally bullish on the report. “[The] results reflect the favorable impact of go-forward...

Intel Corporation (NASDAQ: INTC) shares dropped 5 percent Thursday after the company issued a cautious guidance update during a presentation to analysts on Wednesday. Intel said its transition from PCs to higher-growth fields such as logic, memory and data centers will eat into margins over the...

Qorvo Inc (NASDAQ: QRVO) stock traded higher by 6 percent Wednesday after the company easily beat fiscal fourth-quarter earnings and revenue estimates. Qorvo reported revenue of $681 million, gross margin of 48.2 percent and operating income of $167 million. Qorvo said the fourth quarter was even...

Optical and photonic products maker Lumentum Holdings Inc (NASDAQ: LITE) reported fiscal third-quarter results Tuesday that came in better than expected and prompted at least two Street analysts to reiterate their bullish stances.  The Analysts MKM Partners' Michael Genovese...

Cirrus Logic, Inc. (NASDAQ: CRUS) reported a marginal beat in its fiscal fourth quarter Wednesday and announced fiscal first-quarter revenue guidance in-line with expectations. Although the company continues to face near-term challenges, its customer diversification is encouraging and there are...

NeoPhotonics Corp (NYSE: NPTN) recorded 10-percent revenue growth in 2018, with a gross margin expansion of 1,390 basis points between the first and fourth quarters of 2018.  The company has high exposure to optical telecom and China — both of which are positive — and is...