Summit Research

Broadcom Corporation (NASDAQ: BRCM) soared over 20 percent Wednesday following news its would be acquired by Avago Technologies Ltd (NASDAQ: AVGO) in a $37 billion dollar deal; the deal was confirmed Thursday morning. On Thursday, Avago traded at $140.30, down 0.84 percent while Broadcom fell 2...

In a report published Tuesday, Summit Research analysts initiated coverage of Qualys Inc (NASDAQ: QLYS) with a Buy rating and a price target of $50. In the report Summit Research noted, "Qualys is the clear industry leader in Vulnerability Management (VM) and is growing faster (although the growth...

Youku Tudou Inc (ADR) (NYSE: YOKU) is scheduled to report its first quarter results on Wednesday after market close. The Estimize consensus earnings per share estimate (based on four estimates) stands at a loss of $0.21 on revenue of $179.33 million. This compares to the Wall Street consensus...

In a report published Friday, Summit Research analysts maintained a Hold rating on Tableau Software Inc (NYSE: DATA), while raising the price target from $75 to $90, after the company reported another set of robust 1Q15 results. "Tableau once again reported solid results and provided...

In a report published Monday, Summit Research analyst Henry Guo initiated coverage of Alibaba Group Holding Ltd (NYSE: BABA) with a Buy rating and a price target of $97. Alibaba Group is a leading online and mobile commerce company in China. "We are positive on the eCommerce market in...

In a report published Monday, Summit Research analyst Henry Guo initiated coverage of Baidu Inc (NASDAQ: BIDU) with a Buy rating and a price target of $256. Baidu is the leading Chinese language search provider. Guo believes that the company is well positioned to take "a more dominant...

Summit Research upgraded VMware, Inc. (NYSE: VMW) from Hold to Buy. VMware shares have dropped 17.55% over the past 52 weeks, while the S&P 500 index has surged 12.97% in the same period. VMware's shares closed at $85.06 in pre-market trading.

In a report published Friday, Summit Research analyst Srini Sundararajan initiated coverage on SunEdison Semiconductor Ltd. (NASDAQ: SEMI) with a Buy rating and $30.00 price target. In the report, Summit Research noted, "We are initiating SunEdison SEMI stock at a BUY with a price target of $30,...

Late Wednesday, Mellanox Technologies, Ltd. (NASDAQ: MLNX) reported fourth-quarter financial results, beating top and bottom line estimates. For the fourth quarter, Mellanox reported EPS of $0.59 and revenue of $141.12 million. Following the announcement, analysts at Summit Research and...

Microsoft Corporation (NASDAQ: MSFT) reported fiscal Q2 earnings Monday, which signaled potential difficulties ahead. Investors responded by selling shares and and sent the stock down approximately 10 percent Tuesday morning to $42.35. Analysts gave mixed perspectives on the results. Below are...

Summit Research on Monday reiterated Mellanox Technologies, Ltd. (NASDAQ: MLNX) as a Buy with a $56 price target due to an improving revenue outlook. Analysts at Summit Research wrote, “We expect the company to meet consensus estimates and provide an outlook that will be in line with...

In a report published Monday, Summit Research analyst Srini Nandury reiterated a Buy rating and $31.00 price target on EMC Corporation (NYSE: EMC). In the report, Summit Research noted, “EMC is scheduled to report F4Q14 earnings on Wednesday (01/28) before the market open. We forecast F4Q revenue...

In a report published Monday, Summit Research analyst Srini Nandury reiterated a Buy rating and $14.00 price target on QLogic Corporation (NASDAQ: QLGC). In the report, Summit Research noted, “QLGC is to report F3Q15 results after market close on Thursday (01/29). At minimum we expect Qlogic to...

Richard Williams of Summit Research commented in a note over the weekend that VMware, Inc. (NYSE: VMW) will report an inline fourth quarter with an earnings per share of $1.07 (against $1.06 for consensus) on revenue of $1.6941 billion. “We saw mixed signals from our channel checks this quarter,...

Summit Research expressed confidence in its Buy rating on ASML Holding NV (ADR) (NASDAQ: ASML) Thursday and maintained a $115 price target. Analyst Srini Sundararajan commented that “ASML looks good in 2015 based on increased foundry spending at TSMC partly seen in backlog (Taiwan backlog...