Summit

Splunk Inc (NASDAQ: SPLK) gained more than 5 percent Friday on strong third-quarter results and mounting enthusiasm for its system for so-called big data mining. "Splunk is a seminal technology to bring insights into unstructured data, and is now becoming a platform to reckon with,"...

International Business Machines Corp.'s (NYSE: IBM) long-suffering chip-making operations got the coup de grace Monday when it agreed to pay $1.5 billion to the government of Abu Dhab to take the business of its hands. Summit's Srini Sundararajan called the deal "a non-event"...

Intel Corporation (NASDAQ: INTC) fell sharply Wednesday after analysts dug through its third-quarter data and sounded caution on the chipmaker's outlook. Santa Clara, California- based Intel, which relies heavily on the market for personal computers, posted a 15 percent gain in shipments...

Analysts at Summit downgraded Cree (NASDAQ: CREE) from Buy to Hold. Cree shares have dropped 16.37% over the past 52 weeks, while the S&P 500 index has gained 14.74% in the same period. Cree's shares dropped 9.33% to $44.61 in pre-market trading.

In a report released Friday, Summit analyst Srini Nandury maintained a Hold rating on Tableau Software (NYSE: DATA), while increasing its price target from $60 to $62. Analysts at Summit favor Tableau Software recent second quarter earnings, beating consensus expectations in revenue and raising...

Samsung Electronics' plan to boost in-house production of memory chips sent shares of Micron Technology (NASDAQ: MU) reeling Thursday, but one analyst said smart money should be buying. "Samsung is merely confirming a DRAM shortage," Summit's Srini Sundararajan said in a note...

Shares of KLA-Tencor (NASDAQ: KLAC) were down almost five percent following a seven percent earnings miss. “After the typical seasonal binge of orders in Jun Q for KLAC, there is a hangover period in CQ3 and KLAC will likely guide down (only once in last 10 years has the Sep Q been up)....

SanDisk (NASDAQ: SNDK) is expected to continue to show strong revenue and earnings growth when it posts results Wednesday, but some analysts say the stock is priced too richly. SanDisk traded Tuesday morning at $105.24 per share, down 0.3 percent. Its 52-week high is $106.93. "We got off...

Analysts are eager to comment on Oracle's (NYSE: ORCL) recently announced acquisition of MICROS Systems (NASDAQ: MCRS). Details of the Acquisition In a press release on Monday, Oracle announced that "it has entered into a definitive agreement to acquire MICROS Systems, a provider...