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The Case For Being Optimistic On Okta
Friday, October 20, 2017 - 9:53am | 400Read More...Following the non-deal roadshow KeyBanc Capital Markets hosted with Okta Inc (NASDAQ: OKTA)'s senior executives, the firm delved on the reasons for it being optimistic on the company. As such, the firm reiterated its Overweight rating on the shares of the company, with a $35 price target for the...
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Pacific Crest Initiates CyberArk Software At Sector Weight, Looking For Better Entry Point
Thursday, September 15, 2016 - 4:37pm | 343Read More...Pacific Crest starts coverage of Cyberark Software Ltd (NASDAQ: CYBR) with a Sector Weight rating as valuation keeps the brokerage at sidelines, despite the company's "promising opportunity" in privileged access management space, which is the basis of exploitation by today's hackers. CyberArk...
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KeyBanc On Box: Competitive Moat Is Widening
Friday, September 9, 2016 - 1:45pm | 226Read More...KeyBanc reiterated its Overweight rating and $21 price target on Box Inc (NYSE: BOX) as the company's user conference and analyst day showed faster evolution of the core product and widening competitive advantage. At the event, Box announced new free enhancements to the platform, focusing...
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Pacific Crest Unimpressed With VMware's VMworld Conference
Thursday, September 1, 2016 - 3:59pm | 279Read More...Pacific Crest is unimpressed with VMware, Inc. (NYSE: VMW)'s VMworld conference given a lack of major announcements and no incremental financial data. Despite ramping emerging solutions mix, upcoming ELA renewals and $1.2 billion share buyback, the brokerage believes the company would...
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Pacific Crest Upgrades Barracuda Networks Citing Product Improvements
Tuesday, August 30, 2016 - 10:45am | 401Read More...Pacific Crest’s Rob Owens believes trends are improving for Barracuda Networks Inc (NYSE: CUDA), driven by “alignment in the product set, new incentivizations toward virtualized solutions, and a cloud-centric channel marketing campaign with supporting solutions.” Owens upgraded...
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Fortinet Upgraded At Pacific Crest On Potential Benefit From Profitability Initiatives
Tuesday, August 30, 2016 - 9:11am | 354Read More...Pacific Crest has upgraded Fortinet Inc (NASDAQ: FTNT) to Overweight with a $47 target price on enhanced profitability initiatives and success in adjacent solutions. "A shift in focus to increasing profitability, a unified platform solution coming of age at the right time, and a go-to-market...
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Pacific Crest Downgrades Imperva, Expects Longer Than Expected Delay For Performance To Improve
Tuesday, August 30, 2016 - 8:21am | 299Read More...Imperva Inc’s (NYSE: IMPV) fundamentals “continue to be challenged” and an improvement in the company’s performance would likely take longer than expected by the Street, Pacific Crest’s Rob Owens said in a report. He downgraded the rating on Imperva to Sector Weight...
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Barracuda's 'Refined Strategy' Is Paying Off
Friday, July 8, 2016 - 10:23am | 290Read More...Barracuda Networks Inc (NYSE: CUDA) reported its FQ1 results ahead of expectations and announced the departure of its CFO. Pacific Crest’s Rob Owens maintained a Sector Weight rating on the company. The analyst commented that although 2H brings easier comps, there is lack of visibility into...
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Pacific Crest Sees These 5 Software Names As Next Takeover Candidates
Monday, June 6, 2016 - 2:14pm | 403Read More...This year could be the biggest year for software M&A since 2011. Pacific Crest analyst Rob Owens recently took a close look at how the current software M&A cycle compares to the previous one, which companies are the most likely buyout targets and which companies will be the major buyers....
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Pacific Crest On Palo Alto: 'Take Advantage Of Buying Opportunities'
Friday, May 27, 2016 - 9:53am | 291Read More...Following the robust billings and revenue growth reported by Palo Alto Networks Inc (NYSE: PANW), Pacific Crest’s Rob Owens stated that the stock was “trading at a reasonable multiple on various cash flow metrics, which presents a buying opportunity.” Owens maintains an Overweight...
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Analyst On Palo Alto: '#Winning'
Friday, February 26, 2016 - 10:48am | 220Read More...Pacific Crest's Rob Owens maintained an Overweight rating on Palo Alto Networks Inc (NASDAQ: PANQ), with a price target of $190. Palo Alto continues to perform well with its platform solution finding favor with customers and driving meaningful market share gains. The company's shares trade at a...
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PacCrest's Owens Sees 'Many Questions' For VMware Now
Tuesday, October 13, 2015 - 9:33am | 301Read More...VMware, Inc (NYSE: VMW) shares are down 13 percent in the last six months, even after touching a high of $91.14 on August 3. Pacific Crests’ Rob Owens maintained an Overweight rating on the company, while reducing the price target from $105 to $95. The company needs to provide...
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PacCrest's Rob Owens Remains Overweight Barracuda Networks On Bounce-Back
Friday, September 25, 2015 - 8:29am | 335Read More...Barracuda Networks Inc (NYSE: CUDA) shares have lost 24 percent year-to-date, and are trading significantly below their 52-week high of $46.78. Pacific Crest's Rob Owens maintained an Overweight rating on the company, with a price target of $48. While shares have plunged after the...
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Analysts On Cybersecurity Co. Rapid7: It's 'Skating To Where The Puck Is Going To Be'
Monday, September 14, 2015 - 12:33pm | 243Read More...Rapid7 Inc (NASDAQ: RPD) shares are down 19 percent since they started trading on July 17 this year. Pacific Crest’s Rob Owens maintained an Overweight rating on the company, with a price target of $28. The company is benefiting from the multiple secular trends in the security...
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These Analysts Attended VMWare's User Conference: Here's The Chatter
Tuesday, September 1, 2015 - 12:31pm | 879Read More...VMware, Inc. (NYSE: VMW) hosted its twelfth VMworld User Conference in San Francisco, California, which drew roughly 23,000 attendees and some of Wall Street's top analysts. Baird: Upgrading To Outperform Jayson Noland of Baird upgraded shares of VMware to Outperform from Neutral with an...
