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KeyBanc: Wait For A Better Entry Point In Cree After Infineon Deal
Wednesday, March 7, 2018 - 3:08pm | 421Read More...Investors looking to buy shares of Cree, Inc. (NASDAQ: CREE) after the lighting company announced a 345-million-euro ($428 million) acquisition of most of Infineon's radio frequency power business should wait for a better entry point, according to KeyBanc. The Analyst KeyBanc Capital Markets...
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Western Digital And Toshiba: The Settlement And The Guidance, Explained
Wednesday, December 13, 2017 - 10:00am | 387Read More...Western Digital Corp (NASDAQ: WDC) settled its outstanding litigation and disputes Tuesday with Toshiba Corp that could have blocked the latter’s $18-billion sale of its chip unit. But Western Digital’s concession was not a loss, according to KeyBanc Capital Markets. The Rating...
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Veeco's Core Business Faces A 'Triple Threat,' Market Slowdown In 2018
Tuesday, October 24, 2017 - 11:13am | 419Read More...KeyBanc Capital Markets downgraded shares of Veeco Instruments Inc. (NASDAQ: VECO), citing a triple threat in the company's MOCVD business: share loss, pricing risk and potential market slowdown in 2018. The firm said, although Veeco remains a leader in its served markets, it would prefer to...
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Soft Lighting: Demand Issues Highlighted In Cree's Earnings, Mixed Guidance
Wednesday, August 23, 2017 - 11:04am | 535Read More...Following the release of fiscal fourth-quarter results by Cree, Inc. (NASDAQ: CREE), sell side highlighted the softness in lighting demand. The company reported solid results but issued weak first-quarter guidance. As such, KeyBanc Capital Markets said it remains Sector Weight on Cree, with the...
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Analysts Applaud Micron's Beat-And-Raise Third Quarter
Wednesday, July 5, 2017 - 8:46am | 1022Read More...Micron Technology, Inc. (NASDAQ: MU) announced last week its fiscal third-quarter results, which showed 92-percent year-over-year revenue growth to $5.57 billion and non-GAAP earnings per share of $1.62 compared to $0.90 in the year-ago period. The results were ahead of the consensus estimates....
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Not Yet A Sign Of Turnaround In Cree's Core Lighting Business
Wednesday, January 25, 2017 - 11:41am | 304Read More...Cree, Inc. (NASDAQ: CREE) reported beat results for FQ2, primarily driven by a one-time upfront licensing settlement, while guiding to lower-than-expected FQ3 revenue from continuing operations. Pacific Crest’s Daniel Baksht maintains a Sector Weight rating on the company. “We remain...
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Pacific Crest Remains A Buyer Of Veeco Instruments Following Recent Site Visit
Monday, June 6, 2016 - 6:18pm | 198Read More...Pacific Crest analysts Daniel Baksht and Weston Twigg met with Veeco Instruments Inc. (NASDAQ: VECO)’s President Bill Miller last week. The analysts visited the company and left feeling optimistic about its long-term outlook. The site visit reinforced the analysts' view that demand...
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Sell-Side Analyst Likes 3D Systems' New CEO
Tuesday, April 5, 2016 - 9:44am | 306Read More...Pacific Crest Securities recently released a company note on 3D Systems Corporation (NYSE: DDD) after the company hired Vyomesh Joshi as CEO. Joshi comes to the company with years of experience in technology, with traditional printer experience working and leading teams at HP Inc (NYSE: HPQ)....
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PacCrest's Twigg Not Buying ExOne Yet; Stock Up 4%
Thursday, March 24, 2016 - 1:49pm | 273Read More...Pacific Crest Securities recently issued a company note on ExOne Co (NASDAQ: XONE) after the company posted good fourth-quarter earnings; however, revenue visibility continues to remain low. Currently, analysts at Pacific Crest rate ExOne at Sector Weight, while a price target is unavailable....
