Barrons : Tech Trader Daily (39)

Advanced Micro Devices: Bears 'Denying Reality' of Potential Against Intel, Says Rosenblatt

Sell-side analysts covering chip maker Advanced Micro Devices are "denying reality" by failing to appreciate how much share the company can take from Intel in server chips, says Rosenblatt's Hans Mosesmann.

BlackBerry Sinks 9% as FYQ1 Rev Misses, Sets 31M Share Buyback

BlackBerry shares dropped 9% in early trading, after the company missed quarterly revenue estimates by a wide margin, with software, the future of its strategy, notably underperforming what RBC Capital's Paul Treiber said he'd been modeling.

Oracle: Buy It Because It's Been Out of Favor, Say Bulls

Some bulls covering Oracle think its shares should continue to rise not because of cloud computing strength but because investor sentiment has been so low.

Splunk: Guggenheim Excited That Competitor ArcSight May Be Starved of Funds

Guggenheim analyst Nate Cunningham thinks Splunk just got a big potential chunk of revenue dropped in its lap as English software outfit Micro Focus will likely cut expenses when it takes over control of ArcSight, a Splunk competitor, from Hewlett Packard Enterprise, thus starving ArcSight of the ...

Five9 CEO: Plenty of Opportunity, and Yes, We Could Get Bought

Mike Burkland, chief executive of customer contact center software maker Five9 is excited about replacing old wares from Avaya and Cisco with cloud computing. He sees a vibrant market opportunity of $24 billion and the strong likelihood of his company getting bought out some day by Salesforce or ...

Five9 CEO: Plenty of Opportunity, and Yes, We Could Get Bought

Mike Burkland, chief executive of contact software maker Five9 is excited about replacing old wares from Avaya and Cisco with cloud computing. He sees a vibrant market opportunity of $24 billion and the strong likelihood of his company getting bought out some day by Salesforce or Microsoft or ...

Lumentum, Finisar, Broadcom in 'iPhone X' Winners Circle, Says BlueFin

Broadcom, Lumentum, Finisar and Viavi look like winners in the next iPhone, according to boutique research firm BlueFin, based on demand for newer features such as 3-D sensing and wireless charging.

Oracle Surges 10%: Well On Our Way to Passing Salesforce, Says Ellison

Oracle executives on a conference call with analysts cited numerous examples of old and new customers rushing to take subscriptions to the company's cloud computing software, as chairman Larry Ellison said the company is "well on its way" to surpassing in sale as a cloud computing ...

Oracle Surges 9% on FYQ4 Revenue, EPS Beat

Oracle shares surged by almost 9% in late trading after the company reported quarterly results that comfortably beat analysts' expectations, and said it's on course to book over $2 billion in "recurring revenue" this fiscal year.

Cisco's Growth Rate: Does It Matter?

A bull and a bear offer competing views on what Cisco's expected revenue growth should be in advance of the company's analyst day event June 28th, its first such meeting with Wall Street in two years.

Paypal: Pac Crest Likes Venmo, 'Cash Card' Prospects

Pacific Crest's Josh Beck raised his rating on shares of PayPal to Outperform, after concluding the company is poised to "harvest" investments it has made in its Venmo payments service and an initiate called "Choice," with potential upside as well from a "virtual cash card" to compete with Apple and ...

Cisco: Street Pleased with 'Intuitive' Network, New Software Offering

Cisco's unveiling Tuesday of new networking equipment and software, with a focus on automation of networks, and also boosting its subscription revenue sources, drew praise from both bull and bear.

Arista Rising: Notches Another Win in Cisco Affair at ITC

Arista won another legal victory as the administrative law judge of the U.S. International Trade Commission found in a first pass at the matter that Arista's redesigned switches do not violate a cease and desist order that was imposed last year, contrary to claims by Cisco, which had sued Arista for ...

AMD Up 7%: 'Epyc' a 'Winner,' Says Street, Now They Just Have to Take Share

Wall Street's bulls and bears are both delighted with details of AMD's forthcoming server chip line, "Epyc," though the question remains how much market share they'll take from Intel and how profitable that exercise will be for the company, a matter of some dispute given a strong run in the shares ...

Snap's Advertising Biz Still in Shadows of Instagram, Says Aegis

Snap faces several obstacles in its advertising business, according to Aegis Capital's Victor Anthony, drawing upon the insights of media reporter Tim Peterson, including that Facebook's Instagram keeps whittling away Snapchat's edge.

Apple's 'iPhone 8′ Fingerprint Issues Still Indicate Delays, Says Cowen

Apple's still trying out different ways to make a fingerprint sensor on the front face of the next iPhone, writes Cowen & Co.'s Timothy Arcuri, which means there probably will be a "couple months" delay in the shipment of the new model later this year, he argues.

Intel: Merrill Cuts to Hold on Increased Competition from AMD, Nvidia

Merrill Lynch cut Intel stock to Neutral from Buy, on fears of heightened competition from AMD and Nvidia in the server market, especially for projects such as A.I. computing. Also a concern is the company's spending to support memory-chip developments with partner Micron Technology.

Western Objects to Toshiba's Negotiations with Japan-Bain Group

Western Digital said Toshiba's decision to prioritize' negotiations for the sale of its NAND chip manufacturing unit with a group of investors including Japanese government-backed firms and U.S. private equity group Bain Capital was a violation of the terms of Western's Joint venture with Toshiba.

Red Hat CEO Whitehurst: Bears Don't Get We Make a Lot More Money on OpenShift

After a quarterly earnings beat that clearly left many analysts stunned, Red Hat's chief executive talks about some things the bears have been missing, namely that newer software offerings, such as something called OpenShift, come with a much bigger price tag, boosting deal revenue in a quarter.

AMD Reveals 'Epyc' Details; Intel Vows to Top It

Advanced Micro Devices released details about the performance of its server chip, named "Epyc," as well as glowing comments from computer makers, cloud computing operators, and customers. Intel issued a statement vowing that its "Xeon" server chips will continue to best all competitors.

Nvidia's Market in Ethereum GPUS Up by $100M in 11 Days, Says RBC

RBC Capital's Mitch Steves returns with another missive about Nvidia's role in "mining" crypto-currencies, such as Ethereum; that market's value to Nvidia in terms of GPU sales has effectively risen by $100 million, or 25%, in the last 11 days, he estimates.

Adobe Up 4% on FYQ2 Beat, Higher Q3 View

Adobe shares rose by 4% after the company's results for its fiscal second quarter that ended last month exceeded analysts' expectations, and it also offered a slightly higher estimate for what it may do this quarter.

Red Hat Surges 11%: FYQ1 Beats, Q2 View Beats, Raises Year View

Shares of Linux and open-source distributor Red Hat surged 9% in late trading after the company easily beat what analysts had been projecting for its May-ending first quarter, and raised its year outlook, citing "momentum" as more of its larger customers increased their spending with the company.

Tech Today: Netflix Overseas, End of Cable, Arista's New Thing, Apple V. Qualcomm

Arista announced a big upgrade to its routing technology, Gabelli said investors shouldn't be so worried about Netflix's spending overseas, Apple made new assertions in its legal battle with Qualcomm, AMD gets ready to unveil details of its "Epyc" server chip, and Red Hat readies for earnings ...

Red Hat FYQ1 On Tap: Up Against Some Tough Comps, Says Jefferies

Red Hat, distributor of Linux and open source software, reports earnings this afternoon, after the closing bell. The all-important metric of "billings" is up against tough comparisons with the prior-year period.

Qualcomm Says Apple Misleads, Distorts In Order to Distract

Qualcomm responded to a legal filing by Apple that had claimed Qualcomm's licensing is unfair, accusing Apple of "distorting" the many contributions Qualcomm makes to the iPhone in an effort to distract people from Apple's own unfair actions.

Nvidia: Surging Crypto-Currency Demand Prompts Pac Crest to a Buy

Pacific Crest's Michael McConnell raised his rating on Nvidia to the equivalent of a Hold from a Sell, after talks in Asia convinced him the use of its chips for "crypto-currency" "mining" tasks is on a tear, which reduces any risk he'd previously anticipated of slumping sales of graphics cards.

Sony, Vuzix: VR and Augmented Headsets to Surge to 100M By 2021, Says IDC

Sales of virtual reality and augmented reality headsets will surge by 2021, when 100 million a year of the devices may be sold, according to a new report by research firm IDC.

Snap: Time-Warner Deal Shows Power With Miilennials, Says Drexel

Snap's deal with Time-Warner for 10 shows a year for two years is a clue to the company's enormous power with millennials, says Drexel Hamilton's Brian White.

Impinj: You'll Have Better Chances to Buy Down the Road, Says Morgan Stanley

Impinj, makers of radio-frequency ID technology, has plenty of potential, but you'll be able to buy its shares at a better price down the road, suggests Morgan Stanley's Craig Hettenbach.

Apple: Maxim Ups Target to $180 as iPhone To Hold 'Steady' Through 2019

Surveys of consumers in the U.S., India and China over the course of three years, writes Maxim's Nehal Chokshi, suggests sales of iPhone will remain stable through 2019, prompting the analyst to upgrade his price target to $180.

Apple's Cook, Amazon's Bezos Go For a Second Round at the White House

President Donald Trump is to meet with Apple's Tim Cook, Amazon's Jeff Bezos and a slew of other tech chiefs at the White House to kick off what the administration has branded "Technology Week." Among topics, encryption, HB-1 visas, and how to save a pile of money from the U.S. federal tech budget.

Digimarc Could Speed Check-Out for Amazon Whole Foods, Says Needham

Digimarc, makers of barcode technology, could be a beneficiary if Amazon suddenly throws its weight behind the unloved market for retail technology, says Needham analyst James Ricchiuti.

Amazon WFM Deal Has Raft of Benefits, Potential Other Suitors, Says Needham

Amazon's $13.7 billion bid for Whole Foods has tons of potential benefits for the online giant, says Needham analyst Kerry Rice. He expects Costco and others to make competing bids, but thinks Amazon will likely end up the winner.

Corning Analyst Day: Susquehanna Likes Potential for Upside

Corning made the case on Friday for how it's being good stewards of capital, while scoping out growth markets such as fiber optics and smartphone glass. Susquehanna's Mehdi Hosseini, attending the meeting, liked what he heard.

Impinj: Amazon Just One More Reason Not To Short It, Says RBC

Mitch Steves of RBC Capital surmises Impinj's radio-frequency tags and related technology could get a big lift from Amazon's deal to buy Whole Foods, just one more reason he thinks you shouldn't short Impinj shares despite a 58% run-up this year.

Snap: It's Just Like the IPO Again! Says Drexel, Only With No Lock-Up

Snap's shares Thursday closed at $17, which was the IPO offer price when it went public March 2nd, giving you a second chance to buy a winner in the race for millennials, says Drexel Hamilton's Brian White. CNBC's Scott Wapner challenged White on air as to whether it's advisable to recommend the ...

Finisar Surges 9%: Street Cheers Implication Apple's Given Them 3-D Sensing Orders

Shares of Finisar bounced back from Thursday night's losses as the company implied long-awaited orders from Apple for Finisar's laser diodes are finally coming in.

Impinj Surges: Is Amazon Using Their RFID Tags?

Shares of tech startup Impinj are surging on Amazon's deal to buy Whole Foods because of the fact Amazon is a member of Impinj's industry group to promote R.F.I.D. technology, though it's not clear Amazon will necessarily use Impinj's technology.