Facebook gets some sympathetic views from bulls on the Street, even as its morass deepens with reports the FTC will investigate the company, Oracle stock is down 9% on its soggy outlook and at least two firms cut their ratings to hold, Goldman Sachs defends Universal Display against worries its technology could become less valuable following reports Apple is developing its own display materials, Credit Suisse's Stephen Ju predicts Micron may offer a forecast for revenue way above consensus when it reports results Thursday afternoon, fiber-optic component maker II-VI gets yet another vote of confidence -- one from B. Riley FBR's Dave Kang, and Qorvo may be losing business in forthcoming iPhone models to Broadcom.
Facebook shares drop almost 7% on Friday's disclosure of mishandling of user data by the consulting firm Cambridge Analytica, KLA-Tencor buys fellow chip equipment maker Orbotech, Deutsche Bank analysts are bullish on fiber optics name II-VI but negative on Arista Networks, GrubHub stock is getting pricey according to Stifel analyst John Egbert, Fitbit finds a new believer in Craig-Hallum's Alex Fuhrman, ex-chairman Paul Jacobs of Qualcomm is hoping analysts will vote in sympathy with him at the company's shareholder meeting on Friday, Dell topped server sales in Q4 and bumped aside Hewlett Packard Enterprise, Google's Diane Greene is mulling a big acquisition to boost the company's cloud services, Apple is moving forward with its own display technology called "micro LED," and Oracle is set to report results after the closing bell.
Samsung is prepping new capacity for making DRAM, but additional supply shouldn't be a concern for Micron Technology investors, writes Weston Twigg of KeyBanc: The new output won't be as high as the level of demand this year, he figures.
Qualcomm said its board decided not to re-nominate Paul Jacobs, son of founder Irwin Jacobs and formerly CEO and chair, after he told them he was interested in a buyout to take Qualcomm private. Jacobs said he was disappointed in the board's decision.
The coming move by the crypto-currency ether to use a "proof-of-stake" approach may reduce overall crypto "mining" gains for Nvidia, writes RBC Capital analyst Mitch Steves.
As shares of newly public security firm Zscaler soar by 76% on their Nasdaq debut, co-founder and CEO Jagtar “Jay” Chaudhry tells Barron's how his company differs from all the network security firms, being built from the start with cloud computing in mind.
Western Digital's enjoying a less-than-expected drop-off in NAND prices, prompting R.W. Baird's Tristan Gerra to raise his rating on the shares to Outperform from Neutral, and he expects further good news later this year, as NAND supply in the industry generally becomes somewhat tighter, boosting margins, and as Western begins producing so-called 96-layer NAND parts that bring down its costs.
With solid trends for Micron Technology, and some M&A chatter it could be a target for Broadcom, J.P. Morgan options expert Shawn Quigg advises bulls to buy some May calls heading into the company's March 22nd earnings report.
The rumors of Qualcomm's ex-chair, Paul Jacobs, seeking a leveraged buyout of the company have now turned to rumors he may step down from the board of directors, as his the LBO notion has "complicated" his position on the board, according to The Wall Street Journal.
Security tech vendor Zscaler approaches its debut on Nasdaq, Broadcom shares fall after an upbeat report and outlook as it says it still sees further acquisition targets, rumors of Qualcomm LBO'ing itself seem improbable, Adober is rising amidst a raft of price target increases following its quarterly results, Micron shares are getting more price target increases in advance of quarterly earnings next week, Apple is set to bring augmented reality to other models of iPhone, and The Wall Street Journal ponders how Tesla is under the gun to reach a goal of making 5,000 units per month of its Model 3 sedan.
Broadcom's CFO, Thomas Krause, told analysts on a conference call that he and CEO Hock Tan continue to believe there are targets for potential M&A in the U.S. and that the company has no reason to change its acquisitive practices following being blocked by the U.S. government this week from buying Qualcomm.
Qualcomm director Paul Jacobs, formerly executive chairman and son of co-founder Irwin Jacobs, has been talking to large investors such as Japan's SoftBank about a buyout of the company, according to the Financial Times.
Everspin, maker of persistent memory chips, saw its shares jump over 5% in late trading even though its revenue for the quarter was merely in line and its outlook for this quarter is below consensus.
Shares of Broadcom, which gave up its hostile pursuit of Qualcomm this week under U.S. government order, saw shares trade down initially in late trading after quarterly results beat and its forecast for revenue was in line with consensus. The stock went on to recover fairly quickly, however.
Shares of fiber-optic component maker II-VI (IIVI) are up 60 cents, or 1.3%, at $45.40, after D.A. Davidson’s Thomas Diffely this morning started coverage of the stock with a Buy rating, and a $55 price target, writing that he is “more bullish than most on the long term” for the company. He notes his price target is based […]
Lam Research is one of just three "pure plays" on memory-chip manufacturing tools, something that should pay off as memory-chip sales continue to surge, according FBN Securities analyst Shebly Seyrafi, who initiates coverage of the stock with an Outperform rating and a $300 price target.
Android-based smartphone makers are taking longer than expected to follow Apple in implementing "3-D sensing" for augmented reality, concludes Suji Desilva of Roth Capital, prompting him to cut his rating on the stock to Hold.
With Broadcom's earnings on tap some are still assessing its M&A prospects in the wake of Qualcomm, Qorvo could be in Broadcom's sights in iPhone, B. Riley analyst Dave Kang is concerned about some worrisome trends for fiber optics he detected at the OFC trade show, there are plenty of questions outstanding as Europe gets ready to go live with new privacy restrictions called GDPR, Amazon has lots of "runway" according to Wells Fargo's Ken Sena, shares of 3-D Systems are surging after quarterly results and outlook topped expectations, Match group has less upside after a big surge, Samsung is investing in new NAND capacity in China, Deutsche Bank says Buy shares of Baidu, and Akamai's profit margin prospects are encouraging to KeyBanc's Brandon Nispel.
With Broadcom barred from buying Qualcomm, what else might it go after? RBC Capital's Amit Daryanani scoured the landscape of tech firms from mid-cap to large-cap, and came up with 17 names. A few are likely chip targets, including Micron, the rest are bizarre left-field picks like Intuit and Gartner.
Skyworks is one of the best-positioned companies to benefit as the Internet of Things morphs into something more extensive that Macquarie analyst Srini Pajjuri and his colleague Allen Chang are calling the "Internet of Everything," or "IoX."