F5 REPORTS Respectable Q3 and 4 Stock Analyses Driving the Market
Mellanox Technologies, Ltd. (NASDAQ:MLNX): After the company reported significantly better than expected second quarter results and third quarter guidance, Wunderlich believes Mellanox’s flagship, InfiniBand technology, is in the early stages of a rapid adoption phase. The firm raised its price target for shares to $150 and reiterates a Buy rating on their stock.
Don’t Miss: Apple Gets SLAPPED!
QUALCOMM Incorporated (NASDAQ:QCOM): Deutsche Bank believes Qualcomm’s fundamental case remains strong in spite of the company’s weak third quarter guidance and results. The firm lowered its price target for shares from $75 to $70, but continues to expect a strong fourth quarter and reiterates a Buy rating on their stock.
F5 Networks, Inc. (NASDAQ:FFIV): Piper Jaffray believes that F5 Networks reported respectable third quarter results, amid a challenging macro environment. The firm dropped their price target to $130, for shares, but believes F5 remains well positioned for sustainable growth. Piper reiterates an Overweight rating on the stock.
New Oriental Education & Technology Group (NYSE:EDU): Jefferies suspended coverage of New Oriental Education shares, as the company no longer has an adequate basis to conduct fundamental driven valuation analysis of their stock. He also cited the Security Exchange Commission’s investigation of the company.
United Rentals, Inc. (NYSE:URI): Citigroup views the sell-off, in shares, of United Rentals, as a buying opportunity. The firm lowered its price target for the stock from $54 to $46 following the company’s second quarter results, but keeps a Buy rating on the name.
Don’t Miss: Is Apple More Homemade Than Ever?
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.