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Activist Investor Prompts Barclays To Upgrade Mellanox Technologies
Tuesday, November 28, 2017 - 2:12pm | 316Read More...Mellanox Technologies, Ltd. (NASDAQ: MLNX) traded sharply higher on the news that activist hedge fund Starboard Value LP bought a 10.7-percent stake in the company. The Analyst Barclays' Joseph Wolf upgraded Mellanox Technologies from Underweight to Equal Weight and increased the price...
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Finisar Beset By Weakness In China, Manufacturing Issues In Q1
Friday, September 8, 2017 - 12:34pm | 564Read More...Finisar Corporation (NASDAQ: FNSR) announced Thursday after the market close fiscal first-quarter results and second-quarter guidance, all of which trailed expectations. As such, Barclays maintains its Equal-Weight rating on shares of Finisar, citing the general uncertainty related to the...
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GoPro Makes The Hard Choices; Will It Lead To Top-line Growth?
Thursday, March 16, 2017 - 2:33pm | 367Read More...Shares of GoPro Inc (NASDAQ: GPRO) gained more than 15 percent after the company detailed a game-plan to achieve profitability, which includes a re-focus on its core products and eliminating more than 200 jobs to save on costs. Now the pressure is on GoPro to show investors that its hard choices...
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The GoPro 'Show Me' Story Continues
Friday, February 3, 2017 - 9:30am | 316Read More...GoPro Inc (NASDAQ: GPRO) reported another quarterly miss and announced disappointing guidance. While 2016 was expected to be a turnaround year, now 2017 seems to be “another rebuilding year” and the company continues to be a “show me story,” Barclays’ Joseph Wolf said...
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This Analyst Is A Little Skeptical Of FireEye's 'Reinvigorated' Growth Outlook For 2017
Friday, November 4, 2016 - 7:49am | 265Read More...Barclays’ Saket Kalia expressed caution regarding the comments made by FireEye Inc (NASDAQ: FEYE) on “reinvigorated” growth in FY 2017, stating that the Street expectations might prove too high. Kalia maintained an Equal-Weight rating on the company, with a price target of $16...
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The Magnitude Of GoPro's Slide Worries Barclays
Friday, November 4, 2016 - 7:26am | 314Read More...Barclays’ Joseph Wolf expressed concern regarding the magnitude of the Q3 miss reported by GoPro Inc (NASDAQ: GPRO), despite the miss being driven by a production issue rather than being demand driven. Wolf maintains an Equal-Weight rating on the company, with a price target of $12. Stock...
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GoPro Inventory Sell-Through Clears The Way For Critical Holiday Season
Thursday, July 28, 2016 - 11:16am | 409Read More...GoPro Inc (NASDAQ: GPRO) shares are up 7.6 percent following a big Q2 earnings beat. Barclays analyst Joseph Wolf sees the quarter as solid, but believes this year’s holiday season will tell the true story of GoPro’s future. Wolf noted opex came in a bit higher than expected in Q2, but...
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ARRIS And Kornit Among Barclays' Emerging Tech Picks
Thursday, July 7, 2016 - 10:34am | 306Read More...Barclays’ Joseph Wolf named ARRIS International plc (NASDAQ: ARRS) and Kornit Digital Ltd (NASDAQ: KRNT) among the firm's emerging tech picks. ARRIS International Wolf mentioned ARRIS International was the top pick, with the highest upside potential. “The stock is down since reporting...
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Strong Q4 Results Not Enough For Barclays To Become Constructive On Finisar
Friday, June 17, 2016 - 10:12am | 356Read More...Shares of Finisar Corporation (NASDAQ: FNSR) have gained more than 6 percent after strong fourth-quarter results, but Barclays maintains its Equal-Weight rating on the stock, saying it would "like to see some reasonable expectation of profit expansion before getting too excited about the stock or...
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Barclays Says QLogic Buyout Will 'Grow On People'
Thursday, June 16, 2016 - 9:06am | 299Read More...After market close on June 15, Cavium Inc (NASDAQ: CAVM) announced that it will be acquiring QLogic Corporation (NASDAQ: QLGC) for $15.50 per share. Barclays’ Joseph Wolf maintains an Equal Weight rating on QLogic, with a price target of $13. The Deal Wolf mentioned that the offer comprised $...
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Barclays On GoPro: 'Progress Being Made But Still No Near-Term Catalyst'
Friday, May 6, 2016 - 11:49am | 283Read More...GoPro Inc (NASDAQ: GRO) is making strides to turn around its slumping business, but it still might not be enough to boost its struggling stock. Barclays analyst Joseph Wolf is waiting to see a major upside catalyst from GoPro. According to Wolf, solid-but-unspectacular earnings reports are not...
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Mellanox Makes More Sense For Investors After EZchip Buyout
Thursday, February 25, 2016 - 9:18am | 254Read More...Barclays' Joseph Wolf reinitiated coverage of Mellanox Technologies, Ltd. (NASDAQ: MLNX) with an Overweight rating and price target of $58, following the EZchip acquisition. Wolf expects the acquisition to be accretive from the first year itself. However, as a standalone entity, EZchip'...
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Barclays Calls ARRIS Group, Corning 'Two Of The Cheapest Stocks We Cover'
Friday, January 8, 2016 - 2:06pm | 408Read More...Joseph Wolf and Brian Finneran, analysts at Barclays, released their 2016 outlook for U.S. emerging technologies, highlighting ARRIS Group, Inc. (NASDAQ: ARRS) and Corning Incorporated (NYSE: GLW) as attractive value stocks, as both are trading at discounts to their three-year average P/E. ARRIS...
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UPDATE: Here's Why Barclays Sees GoPro Upside Still Left
Friday, January 8, 2016 - 9:24am | 231Read More...Barclays’ Joseph Wolf said that value stocks in the US emerging technologies sector are more attractive than growth stocks. Referring to GoPro Inc (NASDAQ: GPRO), the analyst mentioned that 2016 could be “a pivotal year” for the company. The company’s shares have lost 65...
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Barclays Negative On Optical, Downgrades Finisar, Lumentum
Friday, January 8, 2016 - 8:48am | 485Read More...Finisar Corporation (NASDAQ: FNSR) shares are up 16 percent since October 8, while shares of Lumentum Holdings Inc (NASDAQ: LITE) have surged 35 percent. Barclays’ Joseph Wolf downgraded Finisar from Overweight to Equal-Weight, and Lumentum from Equal-Weight to Underweight....
