Summit Research

An analyst at Summit Research boosted his forecast for FireEye (NASDAQ: FEYE) slightly, citing what he called its advantages in both structure and technology. Analyst Richard Williams said advantages held by the computer security company can help it sustain high growth rates in the face of...

In a note released Tuesday morning, Summit Research analyst Srini Nandury reiterated a Hold rating and $34 price target on NetApp (NASDAQ: NTAP) amid beliefs that the company is well positioned as an acquisition target. Nandury commented, "We believe NetApp makes a good acquisition...

PLX Technology (NASDAQ: PLXT) will be acquired for $309 million by Avago Technologies (NASDAQ: AVGO). Terms of the deal, approved by both companies' boards, call for Avago to launch a $6.50 per share tender offer for PLX, funded with Avago's available cash. The offer provides PLX...

Analysts mostly see continued tough sledding for Oracle (NYSE: ORCL) as its shares extended losses Friday on a fourth-quarter earnings miss. Oracle posted adjusted earnings of $0.92 per share, up six percent from a year earlier, on revenue growth of three percent, to $11.3 billion late Friday....

Analysts battle over the possibility of competing bids for MICROS Systems (NASDAQ: MCRS). Oracle Deal “Makes Sense” On Wednesday, Summit Research analyst Richard Williams commented on the possible acquisition of Micros by Oracle (NYSE: ORCL) for roughly $5 billion. Williams remarked that the deal...

In a note dated June 18, Summit analyst Richard Williams commented on a possible takeover deal between Oracle (NYSE: ORCL) and Micros Systems (NASDAQ: MCRS) for approximately $5 billion. Williams said the deal makes sense based on the sentiment at this year's National Retail Federation...

Summit Research Monday morning initiated coverage of FireEye (NASDAQ: FEYE) with a Buy rating alongside a $45 price target. Summit Research analyst Richard Williams assigned the rating based on its best-in-class advanced persistent threat (APT) detection, block and remediation technologies....

Shares of Brocade Communication Systems (NASDAQ: BRCD) are down 1.92 percent Monday after Summit Research downgraded the company from Buy to Sell. The price target was cut from $12 to $7, almost 25 percent below the current share price. Diminishing demand for the company’s fiber channel...

In a report published Monday, Summit Research analyst Srini Nandury initiated coverage on Brocade (NASDAQ: BRCD) with a Buy rating and $8.50 price target. In the report, Summit Research noted, “We initiate coverage of BRCD with a BUY rating and a PT of $8.50 based on a 12x multiple on our...