Summit Research

Cree, Inc. (NASDAQ: CREE) is set to open Wednesday on a two-day, 10 percent run higher after reporting Q2 results that beat expectations. In a morning note, Summit Research is downplaying the results, calling them “cosmetic.” In the note, Summit reduced its price target to $25, what...

In a note out Tuesday morning, Summit Research is raising the price target on FormFactor, Inc. (NASDAQ: FORM) from $10 to $11, while maintaining a Buy rating. In the note, analyst Srini Sundararajan states: "Raising P.T. to $11: Given back-to-back good performance quarter after quarter...

Summit Research initiated coverage on Proofpoint Inc (NASDAQ: PFPT) with a Buy rating and $58 price target. “Proofpoint solutions for email security, privacy and archiving are considered some of the best in the industry and not surprisingly the company has been taking share from incumbent...

Summit Research commented on Emulex Corporation (NYSE: ELX) Tuesday after the company raised Q2 guidance. The firm reiterated its Hold rating and $6 price target. Analyst Srini Nandury believed the “Grantley upgrade cycle is still in initial throes (cycle to last three to four quarters),...

On Monday, analysts at Summit Research upgraded shares of SanDisk Corporation (NASDAQ: SNDK) from Hold to Buy and raised the price target from $87 to $108. Analyst Srini Sundararajan stated, “We are moving to a BUY on SNDK based on the weak Yen helping with GM more than any other factor....

When asked if he had heard the Dealreporter rumor that both International Business Machines Corp. (NYSE: IBM) and Oracle Corporation (NYSE: ORCL) are interested in FireEye Inc (NASDAQ: FEYE), Summit Research Partners Analyst Richard Williams told Benzinga that IBM would make more sense. “...

Richard Williams, an analyst with Summit Research Partners, told Benzinga that it wouldn’t surprise him if both International Business Machines Corp. (NYSE: IBM) and Oracle Corporation (NYSE: ORCL) are interested in FireEye Inc (NASDAQ: FEYE). “The bottom line is, FireEye has got...

Summit Research issued a company note on Rubicon Technology, Inc. (NASDAQ: RBCN) Monday with a Hold rating and $8 price target. Analyst Srini Sundararajan noted that “Sapphire stocks wax and wane between what is likely to happen regarding alternative uses of Sapphire. Yes, there is some...

Micron Technology, Inc. (NASDAQ: MU) could get a lift from a rumor that competitor Samsung Ltd. (OTC: SSNLF) is cutting back production plans for memory chips in favor of large-scale integration devices. "We expect this news to be positive for Micron Technology, since a DRAM competitor is...

Applied Materials, Inc. (NASDAQ: AMAT) is scheduled to report its fourth quarter results on Thursday after market close. Srini Sundararajan of Summit Research Partners recommends investors buy shares of Applied Materials heading in to the quarter and estimates there could be $1 upside post-earnings...

Summit Research issued an earnings preview for CommVault Systems, Inc. (NASDAQ: CVLT) Monday and reiterated its Buy rating and maintained its $62 price target. Analyst Srini Sundararajan noted that "CommVault is scheduled to report F2Q15 results BMO on 10/28" and he expected "the...

In a report published Wednesday, Summit Research analyst Richard Williams reiterated a Hold rating and $88.00 price target on VMware, Inc. (NYSE: VMW). In the report, Summit Research noted, “VMware reported a slightly better quarter, with topline $18m ahead of our estimate and $13m above the Street...

After Tuesday's close, Intel Corporation (NASDAQ: INTC) will report earnings for Q3 2014. Analysts are expecting EPS of $0.64 on revenue estimates of $14.41 billion. The chip maker has been on trader’s radar since the semi-conductor sector was sold off heavily during Friday...

In a report published Friday, Summit Research analyst Richard Williams reiterated a Buy rating and $45.00 price target on FireEye Inc (NASDAQ: FEYE). In the report, Summit Research noted, “We spoke with FireEye (FEYE) to discuss its blitz of new products that have hit the market or will shortly....

On Wednesday, analysts at Summit Research revised the investment thesis on shares of SanDisk Corporation (NASDAQ: SNDK). Srini Sundararajan keeps the $87 price target and Hold rating on the stock, with modified estimates due to the recent acquisition of Fusion-OI Inc. Sundararajan stated,...