New ratings and price targets on Astronics Co. (NASDAQ: ATRO), Accretive Health, Inc. (NYSE: AH), Cornerstone OnDemand (NASDAQ: CSOD) and Changyou.com Ltd (NASDAQ: CYOU).
Oppenheimer initiated coverage on Accretive Health, Inc. (AH). They placed a “Perform” rating on the firm.
Pacific Crest initiated coverage on Cornerstone OnDemand (CSOD). They placed an “Outperform” rating and a price target of $23.00 on the company.
Capstone initiated coverage on Astronics Co. (ATRO). They placed a “Buy” rating on the stock.
Brean Murray initiated coverage on Changyou.com Ltd (CYOU). They placed a “Buy” rating and a price target of $53.00 on them.
Showing posts with label Pacific Crest. Show all posts
Showing posts with label Pacific Crest. Show all posts
Wednesday, April 27, 2011
Thursday, April 7, 2011
Marvell (MRVL) Has Limited Downside Says Pacific Crest
Even though Research In Motion (NASDAQ:RIMM) accounts for over 10 percent of Marvell's (NASDAQ:MRVL) business, Pacific Crest analyst Ruben Roy believes there is limited downside to the company.
That also included the ongoing weakness in the disk drive market, although Roy acknowledges that “medium-term growth prospects” for the company will be muted.
Why he sees a limited downside is growth in the mobile and wireless market outside of Research In Motion and the potential associated with its networking business.
He added th the $500 million in authorized share repurchase remaining and the $2.93 billion in cash on the books will help shore up the company.
Marvell was trading at $16.30, gaining $0.37, or 2.32 percent, as of 1:55 PM EDT. Roy maintains an "Outperform" rating on Marvell, with a price target of $23 on them.
That also included the ongoing weakness in the disk drive market, although Roy acknowledges that “medium-term growth prospects” for the company will be muted.
Why he sees a limited downside is growth in the mobile and wireless market outside of Research In Motion and the potential associated with its networking business.
He added th the $500 million in authorized share repurchase remaining and the $2.93 billion in cash on the books will help shore up the company.
Marvell was trading at $16.30, gaining $0.37, or 2.32 percent, as of 1:55 PM EDT. Roy maintains an "Outperform" rating on Marvell, with a price target of $23 on them.
Tuesday, January 18, 2011
Pacific Crest on Apple (NASDAQ:AAPL) Before Earnings Report
Pacific Crest believes Apple's (NASDAQ:AAPL) gross margins are going to 38 percent, based on the falling DRAM prices.
Pacific Crest said they see , “an extraordinary level of demand” for the iPad and iPhone in 2011, driving the performance of the company.
Of the 49 analysts covering Apple, 44 have a Buy rating on Apple and 5 a Neutral rating.
Pacific Crest analyst Andy Hargreaves increased his EPS estimate on Apple for 2011 from $5.39 to $5.65, way above consensus at this time.
Pacific Crest maintains a "Buy" rating on Apple, which closed Friday at $348.48, gaining $2.80, or 0.81 percent.
Pacific Crest said they see , “an extraordinary level of demand” for the iPad and iPhone in 2011, driving the performance of the company.
Of the 49 analysts covering Apple, 44 have a Buy rating on Apple and 5 a Neutral rating.
Pacific Crest analyst Andy Hargreaves increased his EPS estimate on Apple for 2011 from $5.39 to $5.65, way above consensus at this time.
Pacific Crest maintains a "Buy" rating on Apple, which closed Friday at $348.48, gaining $2.80, or 0.81 percent.
Thursday, January 6, 2011
GameStop (NYSE:GME) Results Could Fall Short of Expectations
GameStop (NYSE:GME) could disappoint shareholders when they give their latest update, as results are very likely to fall short of expectations.
Pacific Crest noted, “Video game sales have been weak for two years, and this holiday was no different. We estimate that U.S. software sales declined over 10% year over year in December, and that hardware sales also declined.”
Revenue is estimated to come in at $3.68 billion for the fourth quarter with earnings topping out at $1.53 a share, according to Pacific. That would be below the $3.72 billion and $1.56 the Street is looking for.
GameStop closed Wednesday at $21.89, dropping $0.61, or 2.71 percent.
Pacific Crest noted, “Video game sales have been weak for two years, and this holiday was no different. We estimate that U.S. software sales declined over 10% year over year in December, and that hardware sales also declined.”
Revenue is estimated to come in at $3.68 billion for the fourth quarter with earnings topping out at $1.53 a share, according to Pacific. That would be below the $3.72 billion and $1.56 the Street is looking for.
GameStop closed Wednesday at $21.89, dropping $0.61, or 2.71 percent.
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