Richard Kugele

In a report published Tuesday, Needham analyst Richard Kugele downgraded the rating on Nimble Storage, Inc. (NYSE: NMBL) from Strong Buy to Buy, while lowering the price target from $35 to $32. Although the company is expected to post strong F2Q results, increased opex investments are expected to...

In a report published Tuesday, Needham analyst Richard Kugele commented on the PC market, noting that the softness in the market is "known" and "estimates need to now reflect that dynamic." According to Kugele's checks, June HDD (Hard Disk Drive) total addressable market ultimately came in around...

Rackspace Hosting, Inc. (NYSE: RAX) reported Q4 earnings after the market close on Tuesday. Net revenue for the fourth quarter was $472 million, below estimates of $473.98 million, up 15.8 percent from the fourth quarter of 2013. On a constant currency basis, net revenue grew 16.4 percent from...

Shares of Seagate Technology PLC (NASDAQ: STX) have dropped slightly since December 31, when the company agreed to pay an extra $200 million in taxes to China’s Jiangsu Province to settle an auditing issue regarding tax and interest. The 8-K form filed with the SEC explained that Seagate...

Shares of Fusion-io (NYSE: FIO) respond to Needham analyst Richard Kugele's report that shares are expected to outperform in the new year and is a top pick in 2014. Kugele commented that Fusion-io will outperform as “1) a crowded short at 19% of the float, with more positive than negative...

Needham & Company analysts Richard Kugele and Sean K.F. Hannan reiterated their Strong Buy rating for Seagate Technology (Nasdaq: STX) and raised the price target to $40 from $36. The analysts pointed to the strong fiscal 3rd quarter results from Seagate Technology of $3.05 billion in revenues...