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Summit Redstone: Twitter Is An Underappreciated Turnaround Story
Monday, December 18, 2017 - 4:29pm | 407Read More...Twitter Inc (NYSE: TWTR) has kicked off a reinvention process recently to battle revenue and user base deceleration. The Analyst Summit Redstone Partners' Jonathan Kees Sr. initiated coverage of Twitter with a Buy rating and $26 price target. The Thesis User growth and...
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This Analyst Sees Nearly 30% Upside In Twilio Shares
Thursday, January 12, 2017 - 9:13am | 312Read More...Summit Redstone’s Jonathan Kees believes Twilio Inc (NYSE: TWLO) “has built a competitive barrier that would be difficult to surmount and has improving scale and leverage.” Kees initiated coverage of the company with a Buy rating and price target of $36. Growth To Continue “...
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8x8 Shares Fall As Board's Buyer Search Fails
Wednesday, December 21, 2016 - 4:55pm | 382Read More...8x8, Inc. (NASDAQ: EGHT) shares fell on Wednesday after a source close to the situation told Benzinga its board initiated the process to find suitors, but the sale proposal failed to inspire any buyers. The stock initially spiked on news of buyout talk, however, due to uncertainty surrounding...
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GoDaddy Has Developed The Beginnings Of A Competitive 'Moat'
Monday, October 3, 2016 - 11:10am | 267Read More...Summit Redstone’s Jonathan Kees believes that with an addressable market of over $10 billion in the US, Godaddy Inc (NYSE: GDDY) has strong competitive advantages that should enable the company to gain market share and grow to be a leader. Kees initiated coverage of the company with a Buy...
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Wix.com Initiated At Buy With $48 Price Target At Summit Redstone
Wednesday, September 7, 2016 - 9:28am | 382Read More...Summit Redstone Partners believes Wix.Com Ltd (NASDAQ: WIX) shares are most affordable and termed it as one of the best in internet software and services. Therefore, analyst Jonathan Kees initiated the stock with a Buy rating and a price target of $48. In the last four quarters, the company's...
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Atlassian A Buy At Summit Redstone On Highly Differentiated Software Model
Tuesday, August 16, 2016 - 10:09am | 437Read More...Summit Redstone Partners has started coverage of Atlassian Corporation PLC (NASDAQ: TEAM) with a Buy rating and $35 price target on differentiated software and online sales model. Atlassian is an enterprise software company. The company's products include JIRA for team planning and project...
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Summit Initiates HubSpot With Hold, $48 Target; Co. Is 'Not Immune To Macro Issues'
Monday, April 4, 2016 - 8:47am | 321Read More...Summit Research’s Jonathan Kees sees HubSpot Inc (NYSE: HUBS) as a “visionary” that has changed focus from outbound to inbound marketing and has delivered products based on its vision. The analyst initiated coverage of the company with a Hold rating price target of $48....
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Zendesk A SaaS Leader? This Analyst Is Pounding The Table
Monday, March 28, 2016 - 12:29pm | 503Read More...Cloud customer engagement services provider Zendesk Inc (NYSE: ZEN) is staying one step ahead of the competition, executing on its growth strategy in a largely untapped $7.6 billion market, according to Summit Research, which started coverage on ZEN with a Buy rating and $25 price target. In a...
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Proofpoint Is The One To Own,' According To This Analyst
Friday, January 29, 2016 - 1:32pm | 244Read More...Summit Research issued a company note on Proofpoint Inc (NASDAQ: PFPT) after the company reported revenues and billings that exceeded consensus estimates. Analysts at Summit Research reiterated a Buy and issued a $80 price target. Analysts Srini Nandury and Jonathan Kees wrote, "Results...
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Summit: Time To Buy 8x8
Monday, January 25, 2016 - 2:12pm | 383Read More...Summit Research issued a company report on 8x8, Inc (NASDAQ: EGHT) initiating coverage on one of the industry leaders of business cloud services. Currently, analysts at Summit rate 8x8 as a Buy with a $16 price target. Jonathan Kees, Srini Nandury, and Srini Sundararajan, analysts at Summit...
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Summit Starts inContact At Buy, Says It's A Leader In The Cloud Market
Tuesday, December 8, 2015 - 8:58am | 301Read More...Shares of InContact Inc (NASDAQ: SAAS) have appreciated 36.38 percent over the last three months, although the shares dipped close to their 52-week low on October 8. Jonathan Kees of Summit Research on Monday initiated coverage of the company with an Overweight rating and price target of $12...
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Time To Take Profits: Summit Offers Trading Call On Splunk, Downgrades To Hold
Monday, August 24, 2015 - 2:42pm | 387Read More...Analysts at Summit Research assure it is time to take profits at Splunk Inc (NASDAQ: SPLK). In fact, in a report issued Sunday, the experts – Srini Nandury, Srini Sundararajan, Jonathan Kees and Henry Guo – downgraded the stock’s rating from Buy to Hold on an impending multiple...
