FBN Securities

In a report published Wednesday, FBN Securities analyst Shebly Seyrafi reiterated an Outperform rating on Apple (NASDAQ: AAPL), but lowered the price target from $650.00 to $575.00. In the report, Seyrafi noted, “We retain our Outperform rating on AAPL and lower our PT from $650 to $575. We are...

In a report published Friday, FBN Securities analyst Shebly Seyrafi downgraded the rating on Tibco Software (NASDAQ: TIBX) from Outperform to Sector Perform, and lowered the price target from $28.00 to $21.00. In the report, Seyrafi noted, “The company is beset by multiple challenges: 1.) SOA/core...

in a report published by FBN Securities, analyst Shebly Seyrafi initiated coverage on Concur Technologies (NASDAQ: CNQR) with a Sector Perform rating and $75 price target. FBN securities reported that, “We are initiating coverage of Concur Technologies (CNQR) with a Sector Perform rating and a $75...

In a report published by FBN securities, analyst Shebly Seyrafi initiated coverage on Akamai technologies (NASDAQ: AKAM) with an Outperform rating and $45 price target. FBN securities reported that, “The company is the #1 player in the relatively fast-growing (~15% Y/Y, upside to 20% Y/Y) content...

FBN Securities initiated coverage on Salesforce.com (NYSE: CRM) with an Outperform rating and a $210.00 price target. FBN Securities analyst Shebly Seyrafi noted, "The company is growing very well as it gains share in the SaaS CRM market and as it successfully diversifies away from its core sales...

FBN Securities initiated coverage on Citrix Systems (NASDAQ: CTXS) with an Outperform rating and a $85.00 price target. FBN Securities analyst Shebly Seyrafi commented, "CTXS is a key player in virtual desktop infrastructure (VDI) and cloud, two key technology trends. Although its Mobile &...

FBN Securities initiated NetSuite (NYSE: N) with an Outperform rating and a $85.00 price target. FBN Securities analyst Shebly Seyrafi noted, "The company is growing well (~30% Y/Y) by gaining share in the SaaS (software as a service) ERP (enterprise resource planning) space, where there is...

FBN Securities initiated coverage on ServiceNow (NYSE: NOW) with an Outperform rating and a $45.00 price target. FBN Securities analyst Shebly Seyrafi wrote, "The company has a small (1%) share in the IT Operations Management (ITOM) market and has the opportunity expand into new areas like...

FBN Securities initiated coverage on Rackspace Hosting (NYSE: RAX) with a Sector Perform rating and a $55.00 price target. FBN Securities analyst Shebly Seyrafi commented, "The company has a strong (but more mature) managed hosting business and a rapidly growing Public Cloud segment. Its managed...

FBN Securities initiated coverage on VMware (NYSE: VMW) with a Sector Perform rating and a $85.00 price target. FBN Securities analyst Shebly Seyrafi noted, "[W]e expect license growth to accelerate as the year progresses due to several reasons: 1.) ELAs (which typically have three year cycles)...

FBN Securities initiated Workday (NYSE: WDAY) with a Sector Perform rating and a $60.00 price target. FBN Securities analyst Shebly Seyrafi commented, "We are initiating coverage of Workday (WDAY) with a Sector Perform rating and $60PT. Founded by the former leaders (some would say visionaries) of...

FBN Securities initiated Equinix (NASDAQ: EQIX) with an Outperform rating rating and a $270.00 price target. FBN Securities analyst Shebly Seyrafi noted, "The company is the leading colocation company in the world. Customers who use its (high-margin) Interconnection business (currently 15% rev....

In a report published Friday, FBN Securities analyst Shebly Seyrafi reiterated an Outperform rating on EMC Corporation (NYSE: EMC), and raised the price target from $27.00 to $29.00. In the report, Seyrafi noted, “As expected, the company divulged plans to (along with VMW) spin off Pivotal, a new...

In a report published Friday, FBN Securities reiterated its Outperform rating on Palo Alto Networks (NYSE: PANW), and raised its price target from $65.00 to $70.00. FBN Securities noted, “PANW beat consensus revenue and EPS for FQ2, and posted very strong deferred revenue growth of 92% Y/Y and 17...

In a report published Friday, FBN Securities reiterated its Sector Perform rating on Hewlett-Packard Company (NYSE: HPQ), and raised its price target to $20.00. FBN Securities noted, “According to CEO Whitman, 2012 was a year of diagnosis, 2013 is a fix and rebuild year, and 2014 will be a...