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Meet Joe Wittine, The Analyst Buying Fitbit Now
Thursday, March 31, 2016 - 12:14pm | 481Fitbit Inc (NYSE: FIT) may be down over 50 percent for the year-to-date period and the last 12 months, but a rally could be forthcoming. At least, that's what one Longbow Research analyst believes. Analyst Joe Wittine has initiated coverage of Fitbit on the last day of 2016 Q1, citing there...
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Western Digital Post-Sandisk Simply 'Too Compelling' To Ignore, Says Longbow Research
Thursday, October 29, 2015 - 10:23am | 301Western Digital Corp (NASDAQ: WDC) shares are down 2 percent year-to-date, even after surging 22 percent since September 29. Longbrow Research’s Joe Wittine maintained a Buy rating on the company, while reducing the price target from $100 to $95. The acquisition of SanDisk...
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Longbow's Wittine Upgrades Nimble Storage, Likes Recurring Revenue Model
Thursday, September 24, 2015 - 10:48am | 272Nimble Storage Inc (NYSE: NMBL) shares are down 21 percent in the last three months, after hitting $30 on June 24. Longbow’s Joe Wittine upgraded the rating on the company from Neutral to Buy, while establishing a price target of $32. Nimble Storage’s ability to sustain its...
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Seagate Expected To Deliver Worst Quarter In Years
Friday, July 31, 2015 - 6:48am | 460Although many investors are talking about Exxon Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX) ahead of quarterly financial results, scheduled for Friday morning, other popular companies are also reporting on the last day of the week. Among them is Seagate Technology PLC...
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Thursday's Calls Of Note: Wall Street Research On Airlines, Steel, Semis & More
Thursday, July 30, 2015 - 10:10am | 1616The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." Longbow: ‘Great Execution' Supports Owning Western Digital Joe Wittine of Longbow Research maintained a Buy rating on...
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Hard Disk Stocks: Estimates Cut On Wall Street, Guidance Expected To Be Lower
Tuesday, July 28, 2015 - 9:09am | 551In a report published Monday, Pacific Crest analyst Monika Garg previewed Hard Disk (HDD) vendors ahead of their earnings print, noting the group is expected to report in-line to slightly lower June quarter results. According to Garg, the HDD total addressable market (TAM) will total 113...
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Does A GE-3D Systems Acquisition Make Sense?
Tuesday, June 23, 2015 - 10:56am | 398Editor's note: This article was first published May 19 and is being re-published below. In early morning trading, market chatter regarding General Electric Company (NYSE: GE) possibly acquiring 3D Systems Corporation (NYSE: DDD) surfaced. This rumor came in wake of a few interesting news items...
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HDD Price Checks Better Than Feared, Longbow Research Says
Friday, June 12, 2015 - 3:20pm | 356According to the latest report by Longbow Research, the hard disk drive (HDD) market is not as weak as many had expected so far in Q2. Longbow’s recent price checks indicate that the HDD comeback is largely due to strength in consumer PC numbers. Takeaways Longbow analyst Joe Wittine...
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Longbow Research Analyst: Samsung-Seagate Buyout Rumor Is 'Highly Improbable'
Thursday, January 22, 2015 - 2:12pm | 355Over the past couple of weeks, a few rumors regarding Samsung Electronics Co’s (OTCMKTS: SSNLF) M&A activity have surfaced. On January 14, Reuters reported the company was offering $13.35-$15.49 per share for BlackBerry Ltd (NASDAQ: BBRY). On late January 21, Canada's...
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Longbow Research Analyst On 3D Systems Buyout Rumors: Lack Of Stock Movement Shows Market Doesn't Believe It
Tuesday, January 20, 2015 - 1:49pm | 206Speaking to Benzinga, Longbow Research Analyst Joe Wittine said he couldn’t peg 3D Systems Corporation (NYSE: DDD) as being more or less interested in a buyout than any other company. Earlier Tuesday, rumors surfaced that both International Business Machines Corp. (NYSE: IBM) and General...
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After Longbow's Downgrade Of Seagate And Western Digital, How Are Other Data Storage Stocks Looking?
Monday, December 22, 2014 - 6:30pm | 478Longbow Research downgraded Seagate Technology (NASDAQ: STX) and Western Digital Corporation (NASDAQ: WDC) on Monday, moving both from Buy to Neutral. Although specialist Joe Wittine doesn’t think investors should get rid of these stocks, he does not see as much upside potential in...
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Longbow Unimpressed With 3D Printing Companies
Wednesday, December 10, 2014 - 10:34am | 151Longbow initiated coverage on 3D Systems Corporation (NYSE: DDD) Wednesday with an Underperform rating and $25 price target. Analyst Joe Wittine’s price target is the lowest of all analysts tracked by Bloomberg and the stock is currently trading below the average analyst price target of $...
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Western Digital, Seagate Down Despite Analyst Target Hikes
Wednesday, July 9, 2014 - 4:24pm | 143Both Seagate Technology PLC (NASDAQ: STX) and Western Digital (NASDAQ: WDC) were off Wednesday after Longbow raised its target on each. Longbow's Joe Wittine is among at least three analysts this week who have raised targets on Western Digital. Wittine boosted his target from $100 to $110...
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UPDATE: Longbow Research Reiterates on Seagate Technology on Good Market Position
Wednesday, November 6, 2013 - 10:20am | 229In a report published Wednesday, Longbow Research analyst Joe Wittine reiterated a Buy rating on Seagate Technology (NASDAQ: STX), and raised the price target from $54.00 to $58.00. In the report, Longbow Research noted, “We continue to rate the shares of STX as BUY, with a revised 12-month target...
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Longbow Reiterates Neutral on OCZ Technology as Dilutive Deal is Likely
Wednesday, October 16, 2013 - 10:42am | 182In a report published Wednesday, Longbow Research analyst Joe Wittine reiterated a Neutral rating on OCZ Technology Group (NASDAQ: OCZ). In the report, Longbow Research noted, “We continue to rate the shares of OCZ NEUTRAL. Despite some green shoots in enterprise SSDs, in its current state OCZ is...