Summit Research

In a note published Monday morning, Summit Research analyst Srini Nandury upgraded shares of Brocade Communications Systems, Inc. (NASDAQ: BRCD) from Sell to Hold and raised the price target from $8.50 to $10. Nandury's upgrade comes on the belief that Brocade's Fibre Channel (FC)...

Micron Technology, Inc. (NASDAQ: MU) will report earnings after Thursday's close. For Q4 2014, analysts expect Micron to report $0.80 per share, a three-times growth over the $0.20 reported for the same period last year. The driver, according to Summit Research Partners, will be a DRAM...

Analysts at Summit Research upgraded shares of NetApp Inc. (NASDAQ: NTAP) to a Buy and raised the price target to $55 Tuesday. Srini Nandury outlined reasons for the upgrade. Nandury stated, “our upgrade is based on the thesis that NetApp will have no choice but find itself a buyer....

Analysts at Summit Research upgraded NetApp (NASDAQ: NTAP) from Hold to Buy. The target price for NetApp has been raised from $34.00 to $55.00. NetApp shares have surged 0.28% over the past 52 weeks, while the S&P 500 index has gained 17.49% in the same period. NetApp's shares surged 1.12% to $...

In a note released Friday morning, Summit analyst Rich Williams discussed his takeaways from Oracle Corporation's (NYSE: ORCL) first-quarter earnings report and announced management shift. Williams began by noting the company missed consensus on both the top and bottom line, which he said was due...

In a note out Wednesday morning, Summit Research analyst Srini Sundararajan delves into the major differences between Micron Technology, Inc. (NASDAQ: MU) and SanDisk Corporation (NASDAQ: SNDK), and why he favors Micron. Some of the key takeaways: Micron is Mainly a DRAM Player, Sandisk...

After posting a strong beat on earnings Thursday, shares of Splunk (NASDAQ: SPLK) are trading up Friday. Summit Research has reiterated its Buy rating and maintained its $55 price target. Analyst Srini Nandury noted that "Splunk now has beaten the mid-point of guidance by an average of 9.2...

In a report published Thursday, Summit Research analyst Richard Williams reiterated a Hold rating and $92.00 price target on Workday (NYSE: WDAY). In the report, Summit Research noted, “Workday (WDAY, HOLD) results were better on the top line at $186m versus our $168m estimate and consensus at $...

Veeco Instruments (NASDAQ: VECO) shares may be under pressure after Summit Research cut its price target from $30 to $25. Summit currently has a Sell rating on the stock. With shares currently trading at 41 times forward earnings, Summit questions "whether even 16x would be appropriate as...

Summit Research released comments regarding Applied Materials' (NASDAQ: AMAT) merger with Tokyo Electron. At Summit, the main concerns remain issues surrounding the different jurisdictions and what the game plan is. Summit is looking for Applied Materials' management to say, during its...

Following Teradata's (NYSE: TDC) second quarter results on Friday, analysts at Summit Research maintained a positive view of the company's prospects. Teradata earned $0.72 per share, topping analyst expectations by $0.07. Revenue of $676 million was $15.3 million more than analysts...

Summit Research published a bullish report on Micron (NASDAQ: MU), which it maintained at Buy and a $46 price target. Analyst Srini Sundararajan uses the subtitle: “Can’t Make Stuff Fast Enough” and noted that Micron continues to boost its capital expenditure spending,...

Summit Research and Sterne Agee see buying opportunity in Micron Technology's (NASDAQ: MU) share pullback. "Opportunity To Load Up On MU" As Micron shares fell as much 3.8 percent in Wednesday's trading, Summit Research analyst Srini Sundararajan advised investors to "...

In a report published Tuesday, Summit Research analyst Srini Nandury commented that Mellanox Technologies (NASDAQ: MLNX) could see a boost from Intel's (NASDAQ: INTC) Grantley processor. Nandury reiterated a Buy rating and $52.00 price target on Mellanox, expecting the Grantley ramp to be...