-
Salesforce's GenAI Platform AgentForce 'On Par' With Microsoft: Analyst
Wednesday, October 2, 2024 - 11:48am | 306Salesforce Inc (NYSE:CRM) recently received an upgrade from Piper Sandler analysts. The company’s AgentForce platform is now "on par" with Microsoft Corp (NASDAQ:MSFT), according to Northland Capital Partners. Analyst Nehal Chokshi upgraded the rating for Salesforce to Outperform, while...
-
New Bear Takes A Bite Out Of Apple: Maxim Downgrades Stock To Sell
Thursday, November 14, 2019 - 2:50pm | 305Maxim Group has turned bearish on Apple Inc. (NASDAQ: AAPL) amid expectations for revenue to fall short of expectations next year. The Analyst Maxim's Nehal Chokshi downgraded Apple's stock from Hold to Sell with a $190 price target. The Thesis The case for turning bearish on Apple's...
-
HP's Q2 Print, 3-D Printing Business Trigger Maxim Upgrade
Wednesday, May 30, 2018 - 11:32am | 391HP Inc (NYSE: HPQ) reported fiscal second-quarter earnings Tuesday that show its core printing supplies business is poised for growth — and the company's 3-D printing segment has a large runway ahead, according to Maxim Group. The Analyst Maxim Group's Nehal Chokshi...
-
Maxim Group: Apple's Long-Term Services Business 'Not Attractive Enough' For Bullish Rating
Wednesday, May 30, 2018 - 10:22am | 390Apple Inc. (NASDAQ: AAPL)'s growth story in its Services business is well-known to the investment community, but isn't "attractive enough" to warrant a bullish stance on the stock, according to Maxim Group. The Analyst Analyst Nehal Chokshi downgraded Apple's stock...
-
Wells Fargo On Nutanix's Earnings: Bullish Thesis Playing Out
Monday, December 4, 2017 - 4:03pm | 547Nutanix Inc (NASDAQ: NTNX)'s earnings report last week sent shares spiking higher by more than 8 percent before cooling down. The Nutanix bull vs. bear debate continues at a time when the stock is up 30 percent for the year. The Analyst Wells Fargo's Aaron Rakers maintains an Outperform...
-
Maxim Group Projects 50%-Plus Upside In Nutanix After Q1 Beat, Raise
Friday, December 1, 2017 - 12:15pm | 400Nutanix, Inc. (NASDAQ: NTNX) shares are on fire Friday following stellar quarterly results. A sell-side analyst promptly acknowledged the standout first-quarter performance by lifting the price target for the shares. The Analyst Maxim Group analyst Nehal Chokshi reviewed Nutanix' quarterly...
-
The Sell Side Reacts To NetApp's Consensus-Beating Q2
Thursday, November 16, 2017 - 5:47pm | 777Storage and data management company NetApp Inc. (NASDAQ: NTAP) reported forecast-beating second quarter results after the close Wednesday. A non-GAAP EPS of 81 cents and net revenue of $1.42 billion comfortably beat consensus estimates, which called for 69 cents per share in earnings and $1.38...
-
Is It Time To Buy The Dip In L Brands?
Thursday, August 17, 2017 - 10:55am | 472L Brands Inc (NYSE: LB) was hammered Thursday after the company disappointed investors with its second-quarter earnings report. Not everyone on Wall Street was disappointed by what they saw from the company, however. MKM Partners analyst Nehal Chokshi says investors should be jumping on the...
-
Channel Checks Suggest NetApp's Cloud Products Gaining 'Mindshare' With Customers
Monday, August 14, 2017 - 9:56am | 433Citing channel checks with sellers, Maxim Group said in a note Monday NetApp Inc. (NASDAQ: NTAP) has begun to gain mindshare with resellers in terms of the company's hybrid cloud capabilities. This, according to the firm, is a significant differentiator for the company that is aligned with the...
-
Analyst: Apple's 'Lame Duck' Quarter Report Doesn't Mean Anything
Monday, July 31, 2017 - 4:37pm | 394Apple Inc. (NASDAQ: AAPL)'s earnings report Tuesday doesn't warrant much attention, at least according to Maxim Group's Nehal Chokshi, who described Apple's June-ending quarter as a "lame duck." In essence, it doesn't matter what Apple says or does in the quarter,...
-
Western Digital's Constructive Trends Continue In Q4
Friday, July 28, 2017 - 10:00am | 459Western Digital Corp (NASDAQ: WDC) reported a solid beat for the fourth quarter on Thursday, with EPS coming in at $2.93 and $4.84 billion in sales compared to the Street’s estimated $2.81 EPS and $4.81 billion in sales. The company also issued Q1 EPS guidance of $3.25–3.35 compared to...
-
Analyst: Apple's Streak Of Declining iPhone Sales In Consecutive Quarters Has Ended
Tuesday, January 31, 2017 - 1:02pm | 311Apple Inc. (NASDAQ: AAPL) streak of reporting declining iPhone sales will end at three, at least according to Maxim Group's Nehal Chokshi. Apple is scheduled to report its fiscal first-quarter results after Tuesday's market close and the company now faces easier year-over-year comps. Speaking as a...
-
Maxim Trims Apple Estimate, Keeps Target Above $150/Share
Wednesday, April 27, 2016 - 1:25pm | 351Maxim's Nehal Chokshi trimmed Apple Inc. (NASDAQ: AAPL)'s estimates, citing the likelihood of another revenue miss from the company before the iPhone 7 cycle kicks in. Chokshi cut his June quarter EPS estimate by 22 percent to $1.33 (consensus was $1.76) and FY16 EPS view by 8 percent to $8.05 (...
-
Is There Anything Innovative Expected From Apple Near Term?
Tuesday, April 26, 2016 - 2:58pm | 251Apple Inc. (NASDAQ: AAPL) doesn't have anything innovative in the works near term, and the next big thing could still be years off, Maxim Group technology analyst Nehal Chokshi told CNBC. The bearish comments from the analyst come as Apple is expected to report lower earnings and sales for the...
-
Apple Selloff Overdone? Unreliable Source Might Be To Blame For iPhone Production Cut Talk
Sunday, April 24, 2016 - 4:14pm | 379Nehal Chokshi of Maxim said the June-quarter guidance of Apple Inc. (NASDAQ: AAPL) is expected to meet his estimate after his "analysis of likely source of Nikkei report regarding June quarter iPhone production cuts." On April 15, Nikkei published a report that implied iPhone supply will trend...