Pacific Crest Securities

Micron Technology, Inc. (NASDAQ: MU) announced last week its fiscal third-quarter results, which showed 92-percent year-over-year revenue growth to $5.57 billion and non-GAAP earnings per share of $1.62 compared to $0.90 in the year-ago period. The results were ahead of the consensus estimates....

Pacific Crest Securities said in a note on Thursday Nutanix Inc (NASDAQ: NTNX)'s strategic positioning cannot be denied. Viable Partner Analysts Alex Kurtz and Steve Enders believe Nutanix remains a viable partner to Hewlett Packard Enterprise Co (NYSE: HPE) and Cisco Systems, Inc. (NASDAQ...

Pacific Crest Securities speculated in a note on Tuesday that growth at Apple Inc. (NASDAQ: AAPL)'s Services business may have peaked. Pace Of Services Growth To Decline Significantly Analysts led by Andy Hargreaves expect App Store growth of 32 percent in fiscal year 2017. The analysts indicated...

Pacific Crest Securities, a unit of KeyBanc Capital Markets, said it remains Underweight on NVIDIA Corporation (NASDAQ: NVDA) due to signs of desktop GPU market saturation, lower margins from incremental Nintendo Co., Ltd (ADR) (OTC: NTDOY) Switch revenue and a possible sales pause in its data...

Paypal Holdings Inc (NASDAQ: PYPL) announced Wednesday after the market close first-quarter non-GAAP earnings per share of $0.44, ahead of the consensus estimate of $0.41. Revenues were up 17 percent to $2.98 billion, also topping the $2.94 billion-consensus estimate. The company's second-quarter...

Commenting on Facebook Inc (NASDAQ: FB)'s F8 Annual Developer Conference, Pacific Crest Securities, a unit of KeyBanc Capital Markets, said the company is focusing on other realities. Realities Sinking In Analysts Andy Hargreaves, Evan Wingren and Tyler Parker noted that the keynote focused on...

Pacific Crest’s Andy Hargreaves continues to believe there is meaningful upside potential for Netflix, Inc. (NASDAQ: NFLX) in the long term, although the risk/reward is “more neutral” at the current valuation levels. The analyst maintains an Overweight rating on the company, with...

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) has been drawing flak from its advertisers for allowing hate messages/offensive content to be displayed alongside ads from these companies. Speedy Resolution Likely Commenting on the development, Pacific Crest Securities, a unit of KeyBanc Capital...

Ahead of the theatrical release of the reboot of " Power Rangers," sell-side analysts weighed in on how it is likely to perform and the general prospects of Lions Gate Entertainment Corporation Class B Non-Voting Shares (NYSE: LGF-B) and Lions Gate Entertainment Corporation Class A Voting Shares...

Pacific Crest Securities, a unit of KeyBanc Capital Markets, said in a note on Monday it would be buyers of Nutanix Inc (NASDAQ: NTNX) at current levels, with the current valuation about four times its 2018 revenue. The stock had dipped 35 percent since its second-quarter 2017 earnings call....

“With considerable runway ahead and multiple upside drivers, Shopify Inc (US) (NYSE: SHOP) continues to be our favorite growth name to own,” Pacific Crest’s Monika Garg said in a note, while adding that the company had “a path to $1.7 billion in revenue and $90 billion in...

Pacific Crest’s Andy Hargreaves believes that while the pending launch of Pandora Media Inc’s (NYSE: P) on-demand service might limit the downside to the stock in the near term, the company’s “long-term profit potential remains challenged,” which is expected to prevent...

Cree, Inc. (NASDAQ: CREE) reported beat results for FQ2, primarily driven by a one-time upfront licensing settlement, while guiding to lower-than-expected FQ3 revenue from continuing operations. Pacific Crest’s Daniel Baksht maintains a Sector Weight rating on the company. “We remain...

In a recap of the Tesla Motors Inc (NASDAQ: TSLA) Gigafactory tour, Pacific Crest Securities said notice of Model 3 manufacturing issues shook investor confidence in the company’s ability to remain on production schedule. Analysts said CEO Elon Musk alluded to a potential risk regarding an...

Given Tesla Motors Inc’s (NASDAQ: TSLA) potential positive catalysts, including the January 4 launch of Gigafactory, a potential Model 3 launch in the summer of 2017 and depressed sentiment on the name, Pacific Crest’s Brad Erickson is “warming to the name.” Erickson...