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Why This Analyst Downgraded Fortinet And CommScope
Friday, March 25, 2022 - 12:41pm | 310While Fortinet Inc.’s (NASDAQ: FTNT) stock already prices in the company’s strong results, CommScope Holding Company Inc (NASDAQ: COMM) has limited catalysts to drive growth in the near term, according to BofA Securities. The Networking and Security Analyst: Tal Liani downgraded the...
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'Breaking The Mold For Security': 7 CrowdStrike Analysts React To Impressive Earnings Report
Thursday, March 10, 2022 - 4:10pm | 723Crowdstrike Holdings Inc (NASDAQ: CRWD) shares jumped more than 13% on Thursday morning after the company's earnings and guidance topped Wall Street's expectations. On Wednesday, CrowdStrike reported fourth-quarter adjusted EPS of 30 cents on revenue of $431 million. Both numbers topped...
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Cisco Systems Stock Falls After Q1 Earnings: Analysts React To Revenue Miss, Lackluster Guidance
Thursday, November 18, 2021 - 1:49pm | 666Cisco Systems Inc (NASDAQ: CSCO) shares dropped 8% on Thursday after the company reported a sales miss and issued disappointing guidance. Cisco reported fiscal first-quarter adjusted EPS of 82 cents, slightly above the 80 cents analysts were expecting. However, first-quarter revenue of $12.9...
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F5 Networks Has Strong Software Growth Ahead, Says BofA Securities Analyst
Wednesday, July 28, 2021 - 3:35pm | 212F5 Networks, Inc (NASDAQ: FFIV) could generate significant growth in 2022 on the back of contract renewals, according to BofA Securities. The F5 Networks Analyst: Tal Liani upgraded the rating for F5 Networks from Neutral to Buy, while raising the price target from $210 to $285. The F5...
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Qualcomm CEO-Elect Cristiano Amon Speaks At BofA Securities Event: Why Is An Analyst Bullish?
Monday, June 14, 2021 - 4:50pm | 437An analyst at BofA Securities came away bullish from a virtual event it hosted for QUALCOMM Inc. (NASDAQ: QCOM). The Qualcomm Thesis: Qualcomm's CEO-elect Cristiano Amon sees exciting times for 5G, with a rate of deployment and subscriber growth tracking about two years faster than the 3G...
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NortonLifeLock Gets BofA Upgrade, Expectation of Consumer Security Renaissance
Wednesday, May 12, 2021 - 11:55am | 302NortonLifeLock Inc (NASDAQ: NLOK) has exhibited better-than-expected growth, driven by solid execution of management’s strategy, according to BofA Securities. The NortonLifeLock Analyst: Tal Liani upgraded the rating for NortonLifeLock from Underperform to Buy, while raising the price target...
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BofA Upgrades FireEye On Execution Of Transformation Plan
Thursday, February 4, 2021 - 5:39pm | 247FireEye Inc (NASDAQ: FEYE) has been executing well on its transformation plan and its new initiatives are growing faster than the declines in its legacy business, according to BofA Securities. The FireEye Analyst: Tal Liani upgraded FireEye from Neutral to Buy and raised the price target...
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Analyst Raises Cybersecurity Stock Targets Following Massive Russian Hack
Tuesday, December 22, 2020 - 12:35pm | 410Last week, Russian hackers gained access to the U.S. Treasury and other government agencies and major U.S. enterprises via a breach of SolarWinds Corp (NYSE: SWI)’s Orion network monitoring product. Some experts have called the attack one of the worst in U.S. history, but Bank of America...
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BofA Upgrades F5 Networks, Projects Doubling Of Addressable Market
Wednesday, November 25, 2020 - 12:08pm | 253F5 Networks, Inc’s (NASDAQ: FFIV) transition from legacy appliances to new-age software and cloud-based solutions will increase its total addressable market from $14 billion currently to $28 billion by 2023, according to BofA Securities. The F5 Networks Analyst: Tal Liani upgraded...
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BofA Turns Bullish On Palo Alto Networks After Q1 Beat
Tuesday, November 17, 2020 - 11:54am | 249Palo Alto Networks Inc (NYSE: PANW) reported another quarter of strong results Monday, beating expectations, and raised its guidance for the year. The solid guidance and enhanced disclosures suggest continued positive momentum, according to BofA Securities. The Palo Alto Networks Analyst: Tal Liani...
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Qualcomm Analysts Hike Targets On 'Stunning' Q4 Results, Expect 5G Boost
Thursday, November 5, 2020 - 1:05pm | 761QUALCOMM, Inc. (NASDAQ: QCOM) shares were trading notably higher Thursday after the chipmaker issued a strong quarterly report. The Qualcomm Analyst: BofA analyst Tal Liani reiterated a Buy rating on Qualcomm shares and increased the price target from $165 to $180. Piper Sandler analyst Harsh...
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After Palo Alto Networks Posts Q4 Beat, BofA Eyes 2021 Guidance
Tuesday, August 25, 2020 - 12:47pm | 339Despite strong fourth-quarter results and exceptional billings growth, Palo Alto Networks Inc (NYSE: PANW) guided to flat-to-down product growth in fiscal 2021, according to BofA Securities. The Palo Alto Networks Analyst: Tal Liani maintained a Neutral rating on Palo Alto Networks and raised the...
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Cisco's Security Segment A Bright Spot In Q4, BofA Says After Report Sends Stock Down
Thursday, August 13, 2020 - 10:54am | 347While Cisco Systems, Inc. (NASDAQ: CSCO) reported in-line fourth-quarter Wednesday, the tech company's first-quarter guidance reflects a 10% decline in revenue due to weak orders across most verticals and product groups, according to BofA Securities. The Cisco Systems Analyst: Tal Liani...
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Qualcomm Will Be A 5G Winner, Says Bullish BofA
Wednesday, June 24, 2020 - 4:50pm | 426Wireless technology maker Qualcomm, Inc. (NASDAQ: QCOM) is a leader in mmWave RF and stands to benefit from global carriers that are requiring smartphones to support the technology as part of the 5G upgrade cycle, according to BofA Securities. The Qualcomm Analyst: Tal Liani maintains a Buy...
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5G Could Help Drive Cisco Systems Recovery, BofA Says In Upgrade
Tuesday, June 16, 2020 - 12:07pm | 354Cisco Systems, Inc. (NASDAQ: CSCO) has multiple upcoming product cycles that span more than 35% of its product revenue, according to BofA Securities. The Cisco Analyst Tal Liani upgraded Cisco Systems from Neutral to Buy and raised the price target from $48 to $55. The Cisco Thesis Cisco’s...