Summit Redstone Partners

Twitter Inc (NYSE: TWTR) has kicked off a reinvention process recently to battle revenue and user base deceleration. The Analyst Summit Redstone Partners' Jonathan Kees Sr. initiated coverage of Twitter with a Buy rating and $26 price target.  The Thesis User growth and...

“While Mimecast Ltd (NASDAQ: MIME) came into prominence by providing email solutions to midmarket customers (SMB/SMEs), we believe Mimecast’s growing enterprise business is underappreciated,” Summit Redstone’s Srini Nandury said in a note, while initiating coverage of the...

“Our recent channel checks have indicated that overall semiconductor supply remains tight, resulting in extended lead times (from 15 weeks to 24 weeks) for some products including automotive while prices have remained stable,” Summit Redstone’s Lena Zhang said in a note. The...

Summit Redstone’s Jonathan Kees believes Twilio Inc (NYSE: TWLO) “has built a competitive barrier that would be difficult to surmount and has improving scale and leverage.” Kees initiated coverage of the company with a Buy rating and price target of $36. Growth To Continue “...

Pre-open movers U.S. stock futures traded slightly lower in early pre-market trade. Data on international trade in goods for November and initial jobless claims for the latest week will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average dropped 7 points to 19,768.00,...

Micron Technology, Inc. (NASDAQ: MU) is facing favorable industry dynamics and DRAM gross margins seem to have bottomed out and could “inflect higher going into FY17.” Summit Redstone Partners’ Jagadish Iyer upgraded the rating on the company from Sell to Buy, while...

Summit Redstone’s Jonathan Kees believes that with an addressable market of over $10 billion in the US, Godaddy Inc (NYSE: GDDY) has strong competitive advantages that should enable the company to gain market share and grow to be a leader. Kees initiated coverage of the company with a Buy...

Summit Redstone Partners believes Wix.Com Ltd (NASDAQ: WIX) shares are most affordable and termed it as one of the best in internet software and services. Therefore, analyst Jonathan Kees initiated the stock with a Buy rating and a price target of $48. In the last four quarters, the company's...

Summit Redstone’s Srini Nandury believes Splunk Inc (NASDAQ: SPLK) is a “compelling” acquisition candidate, given that the company is expected to provide “years of growth” for any potential acquirer. Nandury reinitiated coverage of the company with a Buy rating, with a...

Summit Redstone Partners’ Srini Nandury believes Proofpoint Inc (NASDAQ: PFPT) continues to benefit from the constant outpouring of news associated with high profile email hacks, which has been “driving a sense of urgency with CIO/CSOs.” Nandury reinitiated coverage of the company...