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Summit Research Upgrades Veeco Instruments, Cites Aixtron Sanan Order Cut
Friday, December 11, 2015 - 11:12am | 272Read More...Shares of Veeco Instruments Inc. (NASDAQ: VECO) have appreciated 7.76 percent over the past month, from a low of $18.28 on November 13. Srini Sundararajan of Summit Research has upgraded the rating on the company to Hold, with a price target of $24. Sundararajan believes that the loss of...
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Summit Starts inContact At Buy, Says It's A Leader In The Cloud Market
Tuesday, December 8, 2015 - 8:58am | 301Read More...Shares of InContact Inc (NASDAQ: SAAS) have appreciated 36.38 percent over the last three months, although the shares dipped close to their 52-week low on October 8. Jonathan Kees of Summit Research on Monday initiated coverage of the company with an Overweight rating and price target of $12...
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Double Eleven Shopping Day Is Coming: How Alibaba Wins
Monday, October 19, 2015 - 8:44am | 317Read More...Alibaba Group Holding Ltd (NYSE: BABA) shares have plunged 32 percent year-to-date, and are trading significantly below their 52-week high of $120. Summit Research’s Henry Guo maintained a Buy rating on the company, with a price target of $81. While competition is intensifying ahead...
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3 Reasons A SanDisk Buyout Makes Sense
Wednesday, October 14, 2015 - 9:20am | 340Read More...The share price of SanDisk Corporation (NASDAQ: SNDK) have declined 38.11 percent year-to-date, from a high of $97.38 on January 8. Srini Sundararajan of Summit Research has maintained a Buy rating on the company, with a price target of $85. Following news of SanDisk contacting bankers,...
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Summit Upgrades Intel To Buy; Sees Improvement In PC, Cloud
Wednesday, October 14, 2015 - 8:23am | 272Read More...Shares of Intel Corporation (NASDAQ: INTC) rose 8.72 percent over the last month, reaching a high of $32.46 on October 13. Srini Nandury of Summit Research has upgraded the company from Hold to Buy, with a price target of $40. Intel was able to easily meet the C3Q15 guidance, despite a...
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Summit Research Previews Intel's Q3 Results
Monday, October 12, 2015 - 11:16am | 307Read More...Intel Corporation (NASDAQ: INTC) shares have risen by almost 10 percent over the last six months, reaching a high of $32.52 on October 8. Srini Sundararajan of Summit Research has maintained a Hold rating on the company, with a price target of $30. Sundararajan expects the company’s...
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Analyst Believes Mellanox Outlook 'Should Provide Relief,' Sees 'Story Intact'
Thursday, October 1, 2015 - 10:29am | 243Read More...Mellanox Technologies, Ltd. (NASDAQ: MLNX) shares are down 11 percent year-to-date, trading below the $45 mark since July 27. Summit Research’s Srini Nandury maintained a Buy rating for the company and a price target of $65. Nandury expects Mellanox’s press release stating an...
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Micron: A Good Play During Times Of Macro Weakness
Friday, September 18, 2015 - 1:21pm | 419Read More...Shares of Micron Technology, Inc. (NASDAQ: MU) were lower by more than 4 percent Friday morning, underperforming the Nasdaq Index, which was lower by only 0.77 percent. Srini Sundararajan of Summit Research argued in a note on Friday that Micron is an attractive investment during periods of macro...
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Why It Might Be Time To Buy Weibo: Summit Research
Thursday, August 27, 2015 - 10:05am | 322Read More...Shares of Weibo Corp. (ADR) (NASDAQ: WB) have declined more than 43 percent over the past year. Henry Guo of Summit Research has upgraded the rating on Weibo from Hold to Buy, with a price target of $14. Following the company’s 2Q15 earnings results and the recent market correction...
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Calls of Note: The Research Notes Moving The Market This Monday
Monday, August 17, 2015 - 1:09pm | 1211Read More...The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." Pacific Crest: It's ‘OK' Apple iPhone Units Might Decline Next Year Andy Hargreaves of Pacific Crest believes that Apple Inc. (NASDAQ: AAPL) will...
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Summit's Sundararajan On Micron: 'Time And Samsung Wait For No-One'
Monday, August 17, 2015 - 12:02pm | 363Read More...In a report published Monday, Summit Research analyst Srini Sundararajan maintained a Buy rating on shares of Micron Technology, Inc. (NASDAQ: MU) with a price target slashed to $25 from a previous $30 following the company's "ho-hum" Analyst Day presentation. According to...
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Summit Research: Sell NetApp
Monday, August 17, 2015 - 9:38am | 201Read More...In a report published Monday, Summit Research analyst Srini Nandury downgraded the rating on NetApp Inc. (NASDAQ: NTAP) from Hold to Sell, while reducing the price target from $32 to $28. The analyst said that the company's revenue growth was likely to "remain elusive" for "an extended period."...
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Summit's Sundararajan: Now We Know Tsinghua-Micron Bid Is 'Real And Credible'
Friday, August 14, 2015 - 7:48am | 263Read More...In a report published Friday, Summit Research analyst Srini Sundararajan maintained a Buy rating on Micron Technology, Inc. (NASDAQ: MU) with a price target of $34, saying that Senator Chuck Schumer's objection to Chinese government-controlled Tsinghua-Unigroup's offer indicated that the deal was "...
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Alibaba's Investment In Suning Is A Move To Challenge JD.com's Leadership In Consumer Electronics
Tuesday, August 11, 2015 - 12:29pm | 370Read More...Alibaba Group Holding Ltd (NYSE: BABA) reported on Monday that it will be acquiring a minority stake (about 20 percent) in brick and mortar retailer Suning for $4.5 billion. Suning operates several electronic stores across China. Henry Guo, managing director and senior research analyst at...
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Will Alibaba's Stock Hit Triple Digits Once Again?
Monday, August 10, 2015 - 10:36am | 478Read More...Shares of Alibaba Group Holding Ltd (NYSE: BABA) peaked at $120.00 last November and have been trading below the $100-mark for most of 2015. As investors anxiously await for its first-quarter results on Wednesday, the question remains when (or if) shares will once again trade in the triple-digits...
