STEC

Benchmark has published a report on STEC (NASDAQ: STEC). In the report, Benchmark wrote, "Management is moving forward with plans to double its manufacturing capacity at the company's Malaysian facility in anticipation of a large increase in volume shipments of SSDs in 2012. We note that these...

Sterne Agee is out with its report today on STEC (NASDAQ: STEC), initiating STEC at Neutral. In a note to clients, Sterne Agee writes, "We believe STEC could be an attractive stock once consensus GMs are reset, given the growth in the overall market. There are also bull views that M&A could...

FBN is out with its report today on STEC (NASDAQ: STEC), initiating STEC at Outperform. In a note to clients, FBN writes, "We are initiating coverage of enterprise SSD (solid state disk) leader STEC with an Outperform rating and $20PT. STEC has a leadership position in the fast-growing enterprise...

FBN Securities has initiated coverage on the following companies: STEC (NASDAQ: STEC) Outperform, $20 PT OCZ Technology Group (NASDAQ: OCZ) Outperform, $10 PT

Benchmark, which raised its PT and upgraded shares of STEC, Inc. (NASDAQ: STEC), is providing some color on the stock. “Surely, our rating increase might elicit some controversy,” Benchmark writes. “The bears will argue that STEC will continue to lose market share in the high-end portion of the...

The Benchmark Company has upgraded STEC (NASDAQ: STEC) from Hold to Buy and has established a $21 price target.

Deutsche Bank is out with its report today on STEC (NASDAQ: STEC), lowering its PT from $27 to $20. In a note to clients, Deutsche Bank writes, "STEC's F1Q-11 sales beat Consensus while EPS was in line. GMs fell 280bps Q/Q on NAND purchases and lower mix of ZeusIOPS. F2Q-11 guidance was lower,...

Deutsche Bank has lowered the price target on STEC (NASDAQ: STEC) from $27 to $20 and maintains its Hold rating.

JP Morgan has lowered the price target on STEC (NASDAQ: STEC) from $26 to $23 and maintains its Neutral rating.

Goldman Sachs is raising its PT on STEC, Inc. (NASDAQ: STEC) to $21 from $17. STEC closed Monday at $23.68.

Deutsche Bank hosted STEC, Inc. (NASDAQ: STEC) CFO Raymond Cook in meetings with investors and notes that management was positive on the long-term growth of the SSD market and on its competitive position. “While we view long-term trends as positive for STEC, we see limited catalysts for the shares...

Shares of STEC, Inc. (Nasdaq: STEC) plunged nearly 30% to a low of $9.47 Wednesday morning, a day after the company warned that inventory carryover at EMC Corp. (NYSE: EMC) was a continuing drag on the company's sales. After breaking the news, the company's shares received numerous downgrades. JP...