Equity Briefing: Stock Analysts' New Coverage for July 12th: CRM, FNSR, JDSU, PVH

Equities research analysts initiated coverage on a number of stocks today, as reported by Analyst Ratings Network:

Arris Group, Inc. ARRS is now covered by analysts at Maxim Group. They set a "buy" rating and a $17.00 price target on the stock.

Callidus Software Inc. CALD is now covered by analysts at ThinkEquity. They set a "buy" rating on the stock.

Corcept Therapeutics Incorporated CORT is now covered by analysts at Bank of America. They set an "underperform" rating on the stock.

Salesforce.com CRM is now covered by analysts at ThinkEquity. They set a "buy" rating and a $155.00 price target on the stock.

Cornerstone OnDemand CSOD is now covered by analysts at ThinkEquity. They set a "buy" rating on the stock.

Echo Therapeutics ECTE is now covered by analysts at Wunderlich. They set a "hold" rating and a $1.75 price target on the stock.

Ellie Mae ELLI is now covered by analysts at ThinkEquity. They set a "buy" rating on the stock.

Emcore Corporation EMKR is now covered by analysts at FBR Capital. They set an "outperform" rating and a $6.50 price target on the stock.

Emcore Corporation EMKR is now covered by analysts at Needham & Company. They set a "buy" rating on the stock.

FLIR Systems, Inc. FLIR is now covered by analysts at Drexel Hamilton. They set a "buy" rating and a $22.00 price target on the stock.

Fabrinet Ordinary FN is now covered by analysts at Needham & Company. They set a "hold" rating on the stock.

Finisar FNSR is now covered by analysts at Needham & Company. They set a "hold" rating on the stock.

First Industrial Realty Trust Inc FR is now covered by analysts at Stifel Nicolaus. They set a "hold" rating and a $50.00 price target on the stock.

Great Plains Engy GXP is now covered by analysts at Ladenburg Thalmann. They set a "buy" rating on the stock.

Harmonic HLIT is now covered by analysts at Maxim Group. They set a "hold" rating on the stock.

HeartWare HTWR is now covered by analysts at Goldman Sachs. They set a "neutral" rating on the stock.

JDS Uniphase Co. JDSU is now covered by analysts at Needham & Company. They set a "hold" rating on the stock. They noted that the move was a valuation call.

Micros Systems Inc MCRS is now covered by analysts at Compass Point. They set a "neutral" rating and a $50.00 price target on the stock.

Melco Crown Entertainment Limited MPEL is now covered by analysts at Janney Montgomery Scott. They set a "buy" rating on the stock.

NetSuite Inc. N is now covered by analysts at ThinkEquity. They set a "hold" rating on the stock.

Neophotonics Corp. NPTN is now covered by analysts at Needham & Company. They set a "hold" rating on the stock.

Novadaq Technologies Inc. NVDQ is now covered by analysts at Wunderlich. They set a "hold" rating and a $8.00 price target on the stock.

Oclaro, Inc. OCLR is now covered by analysts at Needham & Company. They set a "hold" rating on the stock.

Pacific Drilling S PACD is now covered by analysts at Global Hunter Securities. They set a "buy" rating and a $12.00 price target on the stock.

Verifone PAY is now covered by analysts at Compass Point. They set a "neutral" rating and a $38.00 price target on the stock.

Pharmacyclics, Inc. PCYC is now covered by analysts at Sanford C. Bernstein. They set a "market perform" rating and a $51.00 price target on the stock. They noted that the move was a valuation call.

Phillips-Van Heusen PVH is now covered by analysts at Lazard Capital. They set a "buy" rating on the stock.

Questcor Pharmaceuticals, Inc. QCOR is now covered by analysts at Bank of America. They set a "buy" rating and a $60.00 price target on the stock.

Ubiquiti Networks UBNT is now covered by analysts at Capstone. They set a "buy" rating and a $18.00 price target on the stock.

Valeant Pharmaceuticals VRX is now covered by analysts at Goldman Sachs. They set a "neutral" rating on the stock.

Wabash National Co. WNC is now covered by analysts at FBR Capital. They set an "outperform" rating and a $9.00 price target on the stock.

Stay on top of analysts' coverage with Analyst Ratings Network's free daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' price target changes for each day. Register at http://bit.ly/analystratings

---