-
Analysts Applaud Micron's Beat-And-Raise Third Quarter
Wednesday, July 5, 2017 - 7:46am | 1022Read More...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....
-
The Strategic Positioning Of Nutanix Can't Be Denied
Friday, June 30, 2017 - 12:48pm | 395Read More...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...
-
The App Store Is The Jewel In Apple's Services Crown, But Has Its Growth Peaked?
Wednesday, June 28, 2017 - 3:13pm | 439Read More...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...
-
Signs The Desktop GPU Market Is Oversaturated Keep Analyst Underweight On Nvidia
Monday, May 8, 2017 - 1:59pm | 483Read More...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...
-
Here's What Analysts Thought Of PayPal's Q1
Friday, April 28, 2017 - 8:22am | 692Read More...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...
-
Facebook Focusing On Other Realities As Company Unveils Plans For Next Phase
Thursday, April 20, 2017 - 8:05am | 574Read More...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...
-
A Preview Of Netflix's Q1 Earnings: Q2 Sub Guidance Could Be At Risk
Thursday, April 6, 2017 - 10:03am | 429Read More...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...
-
YouTube's Ad Controversy Not Going Away Yet; Will It Prove To Be Temporary?
Friday, March 24, 2017 - 10:36am | 563Read More...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...
-
No No, Power Rangers? Sizing Up The Impact To Lions Gate If Ranger Reboot Goes Wrong
Thursday, March 23, 2017 - 2:01pm | 783Read More...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...
-
Nutanix Finds Sell-Side Buyers At Current Levels After Post-Earnings Pullback
Tuesday, March 21, 2017 - 1:30pm | 561Read More...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....
-
Shopify Is Just Getting Started: Considerable Runway Ahead, Multiple Upside Drivers
Tuesday, March 21, 2017 - 9:37am | 456Read More...“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 On Pandora: Betting On A Bailout Is A Speculative Strategy
Thursday, March 9, 2017 - 8:17am | 383Read More...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...
-
Not Yet A Sign Of Turnaround In Cree's Core Lighting Business
Wednesday, January 25, 2017 - 10:41am | 304Read More...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...
-
Here's What Elon Musk Calls The Biggest Risk To Bringing Model 3 To Market On Time
Thursday, January 5, 2017 - 10:42am | 293Read More...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...
-
Why This Analyst Is Warming Up To Tesla's Stock
Tuesday, December 20, 2016 - 8:45am | 312Read More...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...
