Joe Wittine

Hard drive manufacturer Western Digital Corp (NASDAQ: WDC)'s shares were tumbling Friday after the company reported after the close Thursday with in-line fiscal first-quarter non-GAAP earnings per share and revenue that trailed expectations The Analyst JPMorgan analyst Harlan Sur...

GoPro Inc (NASDAQ: GPRO) is reportedly looking to slash up to 300 jobs, mostly in its drone division. While this has yet to be confirmed, at least one notable analyst cautions investors to move to the sidelines. The Analyst Longbow Research's Joe Wittine downgraded GoPro's stock from...

It’s been a long time since GoPro Inc (NASDAQ: GPRO) investors had reason for optimism. However, more than three years after its 2014 IPO and after a 90 percent decline from its all-time high, Longbow Research analyst Joe Wittine believes the bottom is finally in for GoPro. Longbow upgraded...

Garmin Ltd (NASDAQ: GRMN) shares traded higher Wednesday after delivering a Q2 beat and raise that saw another quarter of top line and bottom line growth. The auto-GPS and wearables maker also raised guidance, proving that even in the age of Apple Inc. (NASDAQ: AAPL)’s Apple Watch, Garmin can...

Garmin Ltd. (NASDAQ: GRMN) shares are trending after analyst Joe Wittine of Longbow Research upgraded the stock to Buy from Neutral with a $60 price target. Wittine believes bullish trends in Garmin's Aviation, Outdoor, and Marine divisions could offset the secular difficulties in low-end...

Now is the time to buy into Western Digital Corp (NASDAQ: WDC), says Longbow analyst Joe Wittine. He reiterated Buy rating on the stock with a $120 price target, representing a near-40 percent upside from Friday’s open. The price target is “just 10x” the company’s calendar...

At first glance, Fitbit Inc (NYSE: FIT) new partnership with the NBA's Minnesota Timberwolves sounds like a positive development that could help the struggling stock that has already lost 30 percent since the start of the year. The Deal As part of an agreement with the Timberwolves, Fitbit would...

Longbow Research analyst Joe Wittine began his latest coverage of Western Digital Corp (NASDAQ: WDC) with strong instructions: Do Not Overreact. It’s a response to NAND, a type of flash memory, spot prices topping. Wittine reiterated his Buy rating with a price target of $120 and expects an...

Longbow Research believes the current valuation of Western Digital Corp (NASDAQ: WDC) reflects too much risk to the company's highly-leverage balance sheet. Analyst Joe Wittine sees the combination of factors supporting the growth objectives in the near-term, such as achieving considerable...

Fitbit Inc (NYSE: FIT)'s stock was trading higher by more than 2 percent Tuesday morning following a bullish report by analysts at Longbow Research. Longbow's Joe Wittine cited Fitbit's international opportunity in his research report, specifically the "Core-5 countries" in Europe (Germany, France...

Longbow Research expects Fitbit Inc (NYSE: FIT) to continue to take share in mainstream $100–$150 wearables. Fitbit reported second-quarter EPS of $0.12, $0.01 above consensus, and its revenue of $586.5 million also topped the Street's view of $578 million. The strong demand for Alta, Blaze...

GoPro Inc (NASDAQ: GPRO) is planning a refresh of its HERO5 model in 2H16 besides launching “Karma.” Longbow’s Joe Wittine initiated coverage of the company with a Neutral rating, preferring to remain on the sidelines till visibility improved into the company’s 2H product...

Longbow has downgraded EMC Corporation (NYSE: EMC) to Neutral from Buy on valuation as the shares reached the brokerage's target price of $28. "Valuation has expanded as confidence grew in Dell's ability to raise the required capital to acquire EMC, through new debt raises and asset sales....

Wall Street's concerns for NetApp Inc. (NASDAQ: NTAP) are escalating, as Sterne Agee downgraded the stock to Underperform and Longbow sees more sales disappointments from the storage vendor. Legacy vendors such as Sunnyvale, California-based NetApp, EMC Corporation (NYSE: EMC) and Dell are losing...