Pacific Crest

Alphabet Inc (NASDAQ: GOOGL) is hosting the Google Cloud Next 2017 Conference in San Francisco between March 8 and 10. The first day of the event saw significantly higher-than-expected interest in the platform and the company focused its increased capabilities, growing partner ecosystem and its...

Salesforce.com, inc. (NYSE: CRM) launched Einstein, an artificial intelligence platform, for general availability Tuesday. “Einstein is clearly becoming a more important lever for SaaS differentiation” and could “accelerate multi-cloud adoption and support continued large-deal...

Shares of Nutanix Inc (NASDAQ: NTNX) plunged more than 20 percent as a second-quarter beat was offset by weaker guidance. Word On The Street Following The Print But, some Wall Street analysts are still bullish on the long-term prospects of Nutanix as they feel guidance is overly conservative as the...

Pacific Crest maintains its Overweight rating on Nutanix Inc (NASDAQ: NTNX) despite shares are in the negative territory on the company’s bookings commentary. On the call, Nutanix noted that large deals are usually 45 percent of bookings with second quarter down from that level. Analyst...

Micron Technology, Inc. (NASDAQ: MU) significantly raised its fiscal second-quarter guidance at its recent conference call. Micron’s performance is being boosted by continued strong memory demand, which should continue through the first half of 2017, Pacific Crest’s Weston Twigg said in...

Square Inc (NYSE: SQ) reported a strong fourth-quarter beat and raised its guidance. Adjacent products contributed ~5 percent of payment volume, while “loan growth and food delivery also topped our expectations, offering early proof of the platform potential,” Pacific Crest’s Josh...

Shares of Tesla Inc (NASDAQ: TSLA) were trading lower by nearly 5 percent after Thursday's market open in reaction to the electric automaker's fourth-quarter report consisted of a worse-than-expected loss. In a research report following the earnings report, Pacific Crest's Brad Erickson detailed...

Pacific Crest has maintained its Overweight rating on Expedia Inc (NASDAQ: EXPE), despite the company reporting mixed quarterly results and guided 2017 EBITDA below estimates. Recap Fourth-quarter adjusted EPS of $1.17 versus $1.37 estimate. Q4 sales came in at $2.093 billion versus the estimated...

Shares of Intel Corporation (NASDAQ: INTC) are in the red after cut its full-year margin outlook at its analyst day. But, Michael McConnell of Pacific Crest remains Overweight on the stock, saying the company’s long-term fundamentals are intact. Intel expects its gross margin to decline...

Following NVIDIA Corporation (NASDAQ: NVDA)'s fourth-quarter earnings results, Michael McConnell of Pacific Crest argued that the stock has reached its peak and placed a $99 fair value. Loop Capital Markets' Betsy Van Hees took the other side of the trade and suggested Nvidia's stock will see...

Brent Bracelin of Pacific Crest maintains an Overweight rating on shares of Microsoft Corporation (NASDAQ: MSFT) with an unchanged $70 price target following the company's earnings report, which demonstrated momentum in the cloud. Commercial Cloud Bracelin noted that Microsoft's commercial cloud...

Pacific Crest says Facebook Inc (NASDAQ: FB) shares could touch its $150 price target, driven by early strength in video, massive audience, Instagram and potential monetization of other ancillary opportunities. “We see the potential for upside to this target ($150) from strong execution...

AppDynamics was prepping for an initial public offering, but the company now has different plans. AppDynamics sells an enterprise-grade application intelligence software platform that enables enterprises to accelerate a digital transformation. Cisco Systems, Inc. (NASDAQ: CSCO) announced it has...

On Tuesday, Cisco Systems, Inc. (NASDAQ: CSCO) announced its intention to acquire AppDynamics, a privately held Application Intelligence Software company, for ~$3.7 billion. “AppDynamics is a natural fit for Cisco's portfolio,” Pacific Crest’s Alex Kurtz said in a report. He...