-
Analysts React to LinkedIn's Positive Quarter and Lowered Guidance
Friday, February 7, 2014 - 5:21pm | 1082Read More...After the closing bell on Thursday, LinkedIn (NYSE: LNKD) reported its fourth quarter results. The company announced an EPS of $0.39, beating the consensus estimate of $0.38. Revenue of $447.2 million beat the consensus estimate $438.28 million. Net income for the quarter fell from $11.5...
-
FBN Reiterates on Google, Commenting "The Bull Case Keeps Building"
Friday, January 31, 2014 - 11:49am | 301Read More...In a report published Friday, FBN Securities analyst Shebly Seyrafi reiterated an Outperform rating on Google (NASDAQ: GOOG) and raised the price target from $1,300.00 to $1,400.00 following revenue beat and the sale of Motorola Mobility. For the fourth quarter, Google reported $16.9 billion in...
-
Analyst Reactions To Netflix Earnings: Bears vs. Bulls
Thursday, January 23, 2014 - 4:15pm | 844Read More...On Wednesday, Netflix (NASDAQ: NFLX) released its fourth quarter results. The company reported an EPS of $0.79, above the consensus estimate of $0.65. Revenue of $1.175 billion beat the consensus estimate of $1.167 billion. The bulls JPMorgan: Strong quarter, strong outlook Doug Anmuth,...
-
FBN Securities Initiates Coverage on Internet Industry
Tuesday, January 14, 2014 - 12:36pm | 417Read More...In a report published Tuesday, FBN Securities analyst Shelby Seyrafi initiated coverage on the internet industry with a positive outlook on 2014. According to the report, the analysts are initiating coverage on ten important Internet companies with Outperform ratings on eight (GOOG, YHOO, AMZN...
-
Apple's 12.9-Inch iPad Rumored For October 2014
Monday, December 23, 2013 - 4:09pm | 476Read More...Apple's (NASDAQ: AAPL) rumored large iPad concept is in the news again, and analysts are weighing in. According to DigiTimes, Apple will release a 12.9-inch iPad in October 2014. The Mac maker was originally thought to be developing concepts for both 12.9-inch and 13.3-inch tablets, but it seems...
-
Analysts: Apple's China Mobile Deal Will Add 17M To 30M In Incremental iPhone Sales
Monday, December 23, 2013 - 2:18pm | 450Read More...Apple (NASDAQ: AAPL) and China Mobile (NYSE: CHL) are together at last. Now one important question remains: what will this long-awaited deal mean for Apple's bottom line? Analysts predict that Apple will sell as many as 30 million additional iPhone units in 2014. "It's a positive and the...
-
Splunk Shares Spike to New High Following Q3 Results
Friday, November 22, 2013 - 2:18pm | 349Read More...Shares of Splunk (NASDAQ: SPLK) spiked to new high following third quarter results. Splunk reported outstanding results in the third quarter. Total revenues were $78.6 million, up 51 percent year-over-year, with an operating free cash flow of $13.3 million. License revenues were reported at $50.9...
-
UPDATE: FBN Securities Reiterates on NetApp as Strong Product GM Countered Light Revenue
Thursday, November 14, 2013 - 10:11am | 332Read More...In a report published Thursday, FBN Securities analyst Shebly Seyrafi reiterated a Sector Perform rating on NetApp (NASDAQ: NTAP) while raising the price target from $40.00 to $42.00. In the report, FBN Securities says "We retain our Sector Perform rating on NTAP and raise our PT from $40 to $42....
-
UPDATE: FBN Securities Downgrades Silicon Graphics International Corp. as Federal Uncertainty Increases
Thursday, October 31, 2013 - 10:24am | 186Read More...In a report published Thursday, FBN Securities analyst Shebly Seyrafi downgraded the rating on Silicon Graphics International Corp. (NASDAQ: SGI) from Outperform to Sector Perform, and lowered the price target from $16.00 to $15.00. In the report, FBN Securities noted, “The company is not...
-
Fusion Shares Take a Hit After FBN Downgrades, Noting "Disturbing Developments"
Thursday, October 24, 2013 - 2:24pm | 240Read More...In a report published Wednesday, FBN Securities analyst Shelby Seyrafi downgraded shares of Fusion io (NASDAQ: FIO) from Outperform to Sector Perform and lowered the PT from $15 to $11 following 3Q13 results. Despite new positive hires from LSI, Echelon, and Aflac, Seyrafi noted “disturbing...
-
UPDATE: FBN Securities Upgrades VMware Ahead of New Product Launches
Thursday, October 3, 2013 - 10:52am | 219Read More...In a report published Thursday, FBN Securities analyst Shebly Seyrafi upgraded the rating on VMware (NYSE: VMW) from Sector Perform to Outperform, and raised the price target from $90.00 to $100.00. In the report, FBN Securities noted, “We are upgrading shares of VMW from Sector Perform to...
-
UPDATE: FBN Securities Raises PT on Apple Ahead of iPhone 5S/5C Announcement
Monday, September 9, 2013 - 10:03am | 220Read More...In a report published Monday, FBN Securities analyst Shebly Seyrafi reiterated an Outperform rating on Apple (NASDAQ: AAPL), and raised the price target from $575.00 to $600.00. In the report, FBN Securities noted, “We retain our Outperform rating on AAPL and raise our PT to from $575 to $600. We...
-
UPDATE: FBN Securities Raises PT on NetApp on Capital Allocation Program
Wednesday, May 22, 2013 - 1:19pm | 212Read More...In a report published on Wednesday, FBN Securities analyst Shebly Seyrafi raised the price target on NetApp (NASDAQ: NTAP) from $40.00 to $42.00, and reiterated an Outperform rating. In the report, FBN Securities noted, "FQ4 results - Strong product GM, but weakness in US Public. For the FQ4/...
-
UPDATE: FBN Securities Downgrades Aruba Networks to Sector Perform on Multiple Factors
Friday, May 17, 2013 - 11:06am | 186Read More...In a report published Friday, FBN Securities analyst Shebly Seyrafi downgraded the rating on Aruba Networks (NASDAQ: ARUN) from Outperform to Sector Perform, and lowered the price target from $22.00 to $15.00. In the report, Seyrafi noted, “Although we continue to like ARUN as a play on wireless (...
-
UPDATE: FBN Securities Downgrades Rackspace to Underperform Following FQ1 Miss, Lower FQ2 Guidance
Thursday, May 9, 2013 - 8:29am | 183Read More...In a report published Thursday, FBN Securities analyst Shebly Seyrafi downgraded the rating on Rackspace Hosting (NYSE: RAX) from Sector Perform to Underperform, and lowered the price target from $55.00 to $35.00. In the report, Seyrafi noted, “RAX reported a FQ1 miss and guided below consensus...
