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Nutanix Could Move 25% Higher As Management Goes Hunting For Larger Accounts
Tuesday, January 17, 2017 - 3:20pm | 307Pacific Crest sees 25 percent potential upside in Nutanix Inc (NASDAQ: NTNX) shares as management is pushing into Global 2000 accounts, which is less than 20 percent penetrated (376 customers). The brokerage projects Global 2000 account for greater than 70 percent of traditional IT spending....
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Looking To Invest In The Cloud? 7 Stocks To Own In 2017
Thursday, January 5, 2017 - 12:43pm | 361Cloud computing has been one of the major themes in the tech world and on Wall Street in the past couple of years, but is it too late to be investing in the cloud in 2017? According to Pacific Crest analyst Brent Bracelin, there is still plenty of money to be made on the cloud. In a new report,...
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It's Looking More And More Likely Twilio Will Be Profitable By Year-End
Thursday, January 5, 2017 - 11:02am | 309Twilio Inc (NYSE: TWLO) has a “resilient” core base business and there’s “increasing probability” of the company reaching profitability by year-end, Pacific Crest’s Brent Bracelin said in a report. He upgraded the rating on Twilio from Sector Weight to Overweight...
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Fitbit's Inventory Into Christmas Signals Risk To Q1 Street Estimates
Wednesday, December 21, 2016 - 3:23pm | 343Pacific Crest said the Street’s first-quarter estimates for Fitbit Inc (NYSE: FIT) may be at risk, as checks show the company’ days of inventory have trekked higher exiting the quarter. “While a Q1 miss could mean more downside, we think buy-side expectations are below sell-side...
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3 Factors Pushing NVIDIA Shares Lower
Monday, December 12, 2016 - 1:10pm | 274NVIDIA Corporation (NASDAQ: NVDA) shares are slumping more than 3.5 percent Monday morning on a weak day for tech stocks. Pacific Crest analysts were cautious on the stock ahead of Monday’s news. According to the firm, there are three primary reasons for the stock’s weakness: 1...
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Analyst's Take On Ambarella Amid GoPro, Drone Checks: Cautious, But Remaining Overweight
Tuesday, November 29, 2016 - 2:21pm | 357Pacific Crest analyst Brad Erickson believes there is near-term risk to the Street estimates for Ambarella Inc (NASDAQ: AMBA), driven by its customer GoPro Inc (NASDAQ: GPRO) and, to a lesser degree, drones. Erickson noted that his checks in the United States revealed relatively in-line GoPro'...
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The Key Headwind For Cisco Is Order Flow
Thursday, November 17, 2016 - 11:40am | 277Cisco Systems, Inc. (NASDAQ: CSCO) reported a steep sequential decline in Service Provider (SP) order flow in Q1 2017. Pacific Crest’s Alex Kurtz maintained an Overweight rating on the company, with a price target of $33. SP order flow declined 12 percent globally, with most of the...
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How Much Value Does Fitbit Offer Potential Buyers?
Wednesday, November 16, 2016 - 11:35am | 640The recent comments from Fitbit Inc (NYSE: FIT) CEO James Park on its earnings call indicated that the wearable device maker is weighing M&A as part of its future plans. M&A Chatter “We expect additional penetration and expansion to occur both via organic development and through M...
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Square Investors Looking Forward To A Year Of Positive Surprises
Monday, November 14, 2016 - 4:22pm | 271Pacific Crest has upgraded Square Inc (NYSE: SQ) to Overweight on optimism that the company is set to deliver positive surprises over the next year, driven by payments and opex efficiency. Justification For Rating “Our in-depth work on payments, delivery, and lending leads us to believe that...
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After NVIDIA's Solid Q3, Analyst Sees 18% Upside
Friday, November 11, 2016 - 12:38pm | 382Strength in datacenter and gaming led to better-than-expected quarterly results at NVIDIA Corporation (NASDAQ: NVDA), which set at a new 52-week high of $79.90 on Friday and continued to rise from there. The Quarter's Positives NVIDIA saw strong demand for gaming, VR, self-driving cars and...
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Priceline's Room-Night Acceleration Continues For Q3; Q4 Will Be A Different Story
Tuesday, November 8, 2016 - 10:09am | 316Priceline Group Inc (NASDAQ: PCLN) delivered a Q3 beat, with a re-acceleration in room-night growth, highlighting further share gains in the United States. However, comps will be tougher in Q4, and a room-night acceleration from Q3 levels is unlikely, Pacific Crest’s Brad Erickson pointed out...
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4 Out Of 7 Firms Initiate Bullish Coverage On Apptio Just 3 Weeks After Its IPO
Tuesday, October 18, 2016 - 1:41pm | 348Three weeks after Apptio Inc (NASDAQ: APTI) hit the capital markets, four of the seven brokerage houses covering the stock are Bullish. The other three remain Neutral. The company, which is technology business management solutions provider, came out with an IPO on September 22 with a price range of...
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Every Analyst Covering Everbridge Is Bullish
Tuesday, October 11, 2016 - 1:17pm | 358Everbridge, Inc. (NASDAQ: EVBG) has got the attention of at least eight brokerages on Tuesday. There is unanimity among them that the stock is worth buying at current levels. However, each of the firms has initiated the coverage at a different target prices. The company went public September 15...
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Tailwinds For Market-Leader Everbridge Could Sustain 25% Growth
Tuesday, October 11, 2016 - 11:54am | 308Brent Bracelin of Pacific Crest Securities has started coverage of Everbridge, Inc. (NASDAQ: EVBG) with an Overweight rating and $19 price target, saying the company could sustain its more than 25 percent growth. The growth drivers include: "(1) a rising threat landscape from natural disasters,...
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Tesla Beats Shipment Estimates, But PacCrest Is Worried About Margins
Tuesday, October 4, 2016 - 8:18am | 335Tesla Motors Inc (NASDAQ: TSLA) reported its Q3 deliveries at 24,500, well ahead of the consensus and the estimate. Pacific Crest’s Brad Erickson believes the unit volume outperformance was a definite positive and would “reinforce any bullish thesis looking for a better-than-...